CHARLOTTE, N.C., June 02, 2016 (GLOBE NEWSWIRE) -- Life Clips, Inc. (LCLP), an innovative brand of products revolutionizing the way people capture, manage, enjoy, and share life's moments, today announced the Company, having met all pre-requisite requirements, is taking the immediate & necessary action to up-list to the OTCQB® Venture Market Place, ahead of the anticipated closing of the Batteryfly Energy ltd. (Mobeego®) acquisition, in order to what the company believes will provide a better level of investor confidence.
The Company believes that the OTCQB® Venture Market Place provides a high level of professionalism, transparency & confidence that lower OTC tiers do not provide. To be eligible, companies must be current in all their reporting and undergo an annual verification and management certification process with a minimum bid price of $0.01.
Bob Gruder CEO of Life Clips stated: “Up-listing to the OTCQB® Venture Market Place is part of the evolutionary plan for Life Clips. I feel making this application to uplift to OTCQBs will allow Life Clips to possibly become more visible not only to the investment community but to the retail community as well. I am excited about the release of our camera this month and the Batteryfly Energy ltd. (Mobeego®) acquisition. Our goal is to quickly build LCLP into a highly profitable & globally recognized brand, a company that provides a high level of confidence and transparency for its customers & shareholders.
About The OTCQB Venture Marketplace:
The OTCQB® Venture Marketplace is for entrepreneurial and development stage U.S. and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. Companies must meet a minimum $0.01 bid price test and may not be in bankruptcy.
About Life Clips, Inc:
Life Clips is a developer and manufacturer of action cameras aimed at families, action sports enthusiasts, and those on vacation. Life Clips also offers innovative accessories like one time use batteries Mobeego® for mobile devices Our future cameras will allow for live streaming and filming an event from more than one perspective. High quality videos and stills can be taken from unique positions.
About Mobeego®:
Mobeego® launched its battery products in late November 2015 and its products are now distributed in 14 countries including the U.K., Canada, Russia, Malaysia, Israel, and France. The Mobeego® battery will allow users who are out or low on power to give an energy shot to their phone or action camera. The battery will provide about 2 hours of talk time or about 4 hours of use time. Mobeego's® products can be viewed at www.mobeego.com. The Mobeego® product use concepts can be seen in this commercial: https://www.youtube.com/watch?v=EOb1jnU4NBA
Safe Harbor Statement: In addition to statements of current and historical fact, this Press Release contains forward-looking statements. The words “forecast,” “will,” “intend,” “anticipate,” “project,” “intend,” “expect,” “should,” “believe” and similar expressions are intended to identify forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this Press Release, we caution you that these statements are based on a combination of facts and factors currently known by Life Clips and its projections of the future, about which it cannot be certain. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors, including those discussed in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Life Clips’ annual report on Form 10-Q and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), as well as matters discussed in Life Clips’ financial statements and related notes and other filings with the SEC, which may cause its actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Accordingly, all forward-looking statements should be evaluated with an understanding of their inherent uncertainty. Except as required by law, Life Clips assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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