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Labor Smart, Inc. (OTC:LTNC) Announces Acquisition of Go Fast Sports and Beverage Company, a Legendary Extreme Sports Lifestyle Brand
JACKSON, WY / ACCESSWIRE / December 27, 2024 / Labor Smart, Inc. (OTC PINK:LTNC), a leader in brand development, manufacturing, and distribution, is proud to announce the acquisition of Go Fast Sports and Beverage Company from Illumination Brands, an Alberta Corporation.
Go Fast Sports and Beverage Company is an iconic, independent lifestyle brand renowned for its premium energy beverages and unwavering dedication to extreme sports and adventure culture. This acquisition represents a major milestone in Labor Smart's strategic growth plan, expanding its portfolio into the high-energy beverage market while honoring the legacy of a brand synonymous with adrenaline-fueled excitement and peak performance.
Transaction Details
Under the terms of the agreement, Labor Smart has acquired Go Fast Sports and Beverage Company from Illumination Brands in exchange for 400,000,000 shares of LTNC. Go Fast will operate as a standalone subsidiary of LTNC, with Samantha Brown remaining as President of Go Fast Sports and Beverage Company. As part of this transaction, Michael Holley, Co-CEO of LTNC, has voluntarily returned 500,000,000 of his personally held LTNC shares to the company treasury. This strategic action ensures the acquisition is a non-dilutive event for LTNC shareholders, further reinforcing the company's commitment to shareholder value.
About Go Fast Energy
Founded in 1996 in Denver, Colorado, Go Fast Sports and Beverage Company began as a premium athletic clothing brand tailored for skydivers. By 2001, the company launched its first energy drink, the "OG," pioneering a preservative-free, high-performance beverage crafted by athletes, for athletes. Go Fast Energy quickly gained recognition for its exceptional quality, offering energy drinks free from high-fructose corn syrup and aspartame-a hallmark of the brand's commitment to health-conscious performance.
Beyond its product line, Go Fast Energy has become a cultural icon, captivating audiences worldwide through adrenaline-pumping events and record-breaking stunts. From the world-famous GO FAST! Jet Pack Flight to the Human Slingshot and the World's Smallest Parachute Jump, the brand embodies its ethos: Never slow, GO FAST!
With a history of global expansion spanning Europe, North America, South America, and Asia, LTNC aims to revitalize Go Fast Energy's legacy, reconnecting the brand with its loyal base and introducing its unique lifestyle to new markets. The acquisition marks a fresh chapter in Go Fast Energy's journey, one that will amplify its global footprint and ignite new levels of passion for its high-performance products.