XFit Brands, Inc. (OTCBB:XFTB) signed an agreement to acquire Environmental Turf Services, LLC from Jim Bateman for $0.5 million on October 10, 2016. Jim Bateman will join XFit Brands. As a part of consideration, XFit Brands will issue 2 million shares and will assume $0.2 million in the accounts payable of Environmental Turf Services. XFit Brands will fund the non-share purchase price and the costs and expenses of the Acquisition through a combination of cash on hand and internally-generated working capital. Jim Bateman will become President of the Sports Division and join the Board of Directors of XFit Brands. The transaction is subject to approval of regulatory authorities and XFit Brands entering into an employment agreement with James Bateman. There is no requirement to make any filing with or give any notice to any Authority, or obtain any Permit as a condition to completion of the transaction. J.P. Galda of J.P. Galda & Co acted as legal advisor for XFit Brands. Stuart Kruger acted as legal advisor for Environmental Turf Services. XFit Brands, Inc. (OTCBB:XFTB) completed the acquisition of Environmental Turf Services, LLC from Jim Bateman on October 14, 2016.