XFit Brands, Inc. Announces $2 Million Common Stock Raise

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XFit Brands, Inc. Announces $2 Million Common Stock Raise.

XFit Brands’ roots are grounded in Mixed Martial Arts (MMA), the world’s fastest growing sport, and other action sports and culture. Throwdown®, XFit’s MMA division, has been a supplier of cages, bags, gloves and protective equipment to major fight leagues, UFC Gyms, and other major gym operators for more than 10 years. Recently, XFit expanded beyond its MMA roots to include functional fitness equipment and accessories under the XFit® brand and programming with its Transformations™ brand. XFit Brands is seeking to position itself to capitalize on a sector it believes is highly fragmented and missing a clear global leader and supplier.
OfferBoard Securities, a technology enabled, full service investment banking group and registered broker-dealer is raising a $2 million common stock round to allow XFit to fulfill its current orders, expand its inventory, and capitalize on their brand portfolio. “The exciting and historic aspect of this collaboration is that XFit Brands may be the first publicly listed and fully reporting company to raise capital through a 506(c), solicited private placement, under Title II of the Jobs Act”, stated XFit Brands’ CEO, Dave Vautrin. According to the lead banker, Andre Peschong, “This offering is significant as it will allow accredited investors the ability to have a defined path for liquidity* through the public markets. This has been a big challenge for investors that deploy capital into both private and crowdfunded companies.”
The market in which XFit Brands competes is rapidly growing with no clear global brand or product leader, and mostly smaller entrepreneurial companies competing in the sector. According to research from the International Health, Racquet and Sportsclub Association (IHRSA), sporting good revenues eclipsed $147 billion, $65 billion of which is in the US alone, and the global gym and fitness outlet reached $78 billion in revenue in 2014.
Fueling this growth are long-term positive trends, including addressing obesity issues in many countries, a shift toward prevention versus treatment, and a renewed expanding focus on exercise and healthy lifestyles. As a result, the health club industry now extends beyond its traditional structure to now include CrossFit, MMA, boxing, yoga, spin and cycling, and other high and low-impact workout regimens. Evidence of the shift can be found in a five-year IBIS World report from 2008 to 2013 that witnessed an increase of health club memberships by 4.9 million for a total of 52.6 million. XFit Brands has addressed the growing trend by supplying operators with its full portfolio of products, allowing a one-stop-shop for major gym and fitness operators that have enabled it to achieve revenue growth of nearly 45% compound annually and distribution now across more than 20 countries.
Over the past few years, XFit has been developing its organizational capabilities and infrastructure to enable it to scale and accelerate growth. As part of those efforts they have assembled an accomplished senior leadership team led by CEO David Vautrin, previously Senior Vice President of Marketing and Innovation for Cott, the 4th largest non-alcoholic beverage company in the world, and Executive Chairman Brent David Willis, former AB InBev and Chief Commercial Officer and Zone President.

For investor inquiries please contact:
Hayden IR
Brett Maas
brett(at)haydenir(dot)com
(646) 536‐7331
Cameron Donahue
cameron(at)haydenir(dot)com
(651) 653‐1854
Website:
http://www.XFitBrands.com
http://www.Throwdown.com