CHARLOTTE, N.C., June 14, 2016 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTCQB:LCLP), an innovative brand of products revolutionizing the way people capture, manage, enjoy, and charge the devices that share life's moments, is pleased to announce that Mobeego® is now available in all 250 myNEWS.com retail stores, in Malaysia.
Mobeego’s® exclusive Malaysian distributor Veloster Technology secured the myNEWS.com retail agreement, this initial order of 15,000 Mobeegos®. The myNEWS.com retail agreement is the 1st part of an exclusive Malaysia distribution agreement between (LCLP) and Veloster Technology which must produce at a minimum the sale of 600,000 Mobeegos® within Malaysia worth $1.2 million USD over the next 12 months. Veloster Technology must meet the aforementioned projections in order to keep its Mobeego® exclusivity.
“This is just the beginning. We are very excited for these 1st steps with our exclusive Malaysian distributor Veloster Technology, and I am confident they will continue to deliver and remain our exclusive Malaysian distributor,” said Bob Gruder CEO LifeClips, Inc.
“We are thrilled to have myNEWS.com as the first convenience retail chain for the award-winning Mobeego®. We look forward to expanding our distribution network to even more stores and new markets such as pharmacies, grocery stores, cafes, magazine kiosks, shopping malls, airports and more, in the near future,” said Kelvin Hun founder of Veloster Technology.
About myNEWS.com
Since its inception in 1997, myNEWS.com press and convenience stores has served Malaysians all over the country. As they continuously strive to offer quality products and services to you, they constantly evolve our stores and offerings for your easy and efficient shopping experience. Visit myNEWS.com here http://www.mynews.com.my/
About Mobeego®
The Mobeego® brand launched in November 2015. Mobeego® is available within 14 different countries and has sold north of 450,000 units. Mobeego®’s anticipated revenue before the end of Q3 of this year is $1,000,000. The Mobeego product is an affordable one time use disposable battery that plugs directly into one’s mobile device, iPad, or action camera. The products can be seen at the Mobeego site: www.mobeego.com.
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 Veloster Technology Sdn Bhd
Veloster Technology was established in 2015 with the objective of distributing technological advanced products and innovative IT gadgets to continuously improve consumer’s lives. Veloster Technology team works closely with technology partners from around the world to bring in more latest cutting-edge products to Malaysia. The Company is constantly on the look-out for new technologies, products and services to acquire, to collaborate and, to partner with.
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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