CHARLOTTE, N.C., Sept. 28, 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 closed on a distribution deal for Mobeego® products in Greece and Brunei. The Greece Distributors, October Ventures, LLC, has contractually committed to purchase a minimum of 400,000 units which represents a potential value of $1.3M. Azutech Sdn Bhd has contractually committed to purchase 10,000 units.
Bob Gruder, CEO of Life Clips, Inc., states, "We continue to build our world-wide footprint. Our goal is to make the Mobeego product ubiquitous."
About Life Clips®
Life Clips manufactures and sells action, dash, and 360 cameras. The Company is an HP partner to market these products. More information can be seen at www.lifeclips.com. Life Clips also sells its innovative one-time use emergency cell phone battery known as Mobeego.The Mobeego® brand 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. All distribution agreements call for minimum quarterly quotas. There is a risk that the distributor will not meet these quarterly quotas. In the event the quotas are not met the agreements are in breech which could void the agreement. Therefore the dollar volumes may not be attained.
Chief Executive Officer
Life Clips Investor Relations
Atlanta Capital Partners, LLC
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SOURCE Life Clips, Inc.