CHARLOTTE, N.C., Aug. 16, 2016 /PRNewswire/ -- Life Clips®, Inc. (OTC-QB: 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 it has successfully filed their S-1 Registration to raise up to $7.8 million in order to meet the capital requirements to up-list on to either the NASDAQ and provide additional working capital.
Bob Gruder, CEO of Life Clips, Inc., states, "As stated on our July 20, 2016 Investor Conference Call, up-listing to a major exchange was and is our business plan. We are meeting our business goals and I am taking action to up-list to the NASDAQ between 2016-year end and summer 2017."
Bob Gruder, CEO of Life Clips, Inc., continued, "This S-1 is so much more than a "capital raise", if we wanted to just raise capital it's a much easier & cost affective process to do so in a Private Placement and/or Issue a Convertible Note. This filing is about meeting our business goals and up-listing to a major exchange, keeping our promises & giving our shareholders the company they deserve, a company they can feel comfortable getting behind for the long haul."
LCLP recently began working with a New York based Investment Bank whom has a strong focus on the Consumer Goods sector. This Investment Bank has disclosed relationship with RBC Correspondent Services, a division of RBC Capital Markets. RBC Capital Markets, owned by Royal Bank of Canada, which is one of the largest securities firms in the nation providing clearing services, is a member of the NYSE, AMEX, CHX, CBOE and PSE, and has execution capabilities on all principal exchanges.
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. www.LifeClips.com
The Mobeego® brand launched in November 2015. Mobeego® is available within 16 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 & award winning one time use wireless, disposable & recyclable 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.
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.
Chief Executive Officer
Life Clips Investor Relations
Atlanta Capital Partners, LLC
(866) 692-6847 Toll Free - U.S. And Canada
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SOURCE Life Clips, Inc.