LAKE FOREST, Calif., Nov. 12, 2015 /PRNewswire/ -- XFit Brands, Inc. (OTC: XFTB), a global supplier of fitness and MMA equipment sold at retail and fitness outlets worldwide whose brands include XFit Brands®, Throwdown®, and Transformations™, today announced that the Company's common stock is now publicly listed with trading effective immediately.
Concurrent with the commencement of public trading, as the company is a fully reporting and compliant entity meeting all the requirements, the Company's stock has been uplisted to the OTCQB exchange, a more transparent and efficient marketplace. The Company will begin trading immediately under the symbol XFTB.
"This is a major milestone event for XFit Brands," commented Dave Vautrin, Chief Executive Officer of XFit Brands. "Being publicly traded will expand our brand awareness, enable our loyal customers to participate as an equity owner and enable the firm to access the capital markets to continue its rapid growth that has exceeded 40% compounded annually over the past three years. Transitioning to the higher tier OTCQB will provide increased transparency and greater liquidity as we endeavor to become one of the leading firms in this exciting industry."
Stocks that trade on the OTCQB marketplace can be bought and sold through an investment broker in a manner very similar to that of NYSE or Nasdaq listed securities. OTCQB listed companies must be registered with and reporting to the Securities Exchange Commission. XFit Brands® is fully reporting and compliant with those stringent standards.
About XFit Brands®
XFit Brands, Inc. designs, develops, markets and sells functional equipment, training gear, apparel, and accessories for the impact sports market and fitness industry worldwide. The Company's mission is to become the leading developer and marketer of functional fitness brands and products at retail and fitness outlets worldwide. The Company's products span the Impact Sports, Mixed Martial Arts (MMA), High and low impact fitness and Cross Training, and other Action Sports and are marketed and sold under the Throwdown®, XFit Brands®, and Transformations™ brand names. The Company's products are marketed and sold through gyms, fitness facilities, and direct to consumer throughout the world. The Company's websites are www.xfitbrands.com and www.throwdown.com.
Safe Harbor Disclosure
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, such as statements regarding our future financial condition or results of operations, our prospects and strategies for future growth, the implementation of our marketing and branding strategies, and the future benefits and opportunities from acquisitions. The forward-looking statements contained in this press release reflect our current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause events or our actual activities or results to differ significantly from those expressed in any forward-looking statement. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, actions, levels of activity, performance or achievements. Other important risk factors that may affect the Company's business, results of operations and financial position are discussed in its most recently filed Quarterly Report on Form 10-Q and in other Securities and Exchange Commission filings. The forward-looking statements contained in this press release reflect our views and assumptions only as of the date of this press release. Unless required by applicable law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.
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SOURCE XFit Brands, Inc.