CHARLOTTE, N.C., Aug. 19, 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 Chile, via independent Chilean distributor Jorge Guinguis. The agreement calls for annual minimum quota purchases of 100,000 Mobeego ® units with a total value of at least $170,000 USD. Quarterly quotas must be met to maintain the agreement.
This is the 3rd six figure international distribution agreement within the past 30 days for (LCLP). August 4, 2016 (LCLP) announces closing on a 400,000 unit Mobeego® distribution agreement within Spain and Portugal worth an estimated $700,000USD. On August 11, 2016 (LCLP) closed a distribution agreement in Brazil for 500,000 Mobeego® units worth an estimate $800,000USD.
Bob Gruder, CEO of Life Clips, Inc., states, "Sometimes you have to let your results do the talking. These international distribution agreements are just the start as we pursue distribution in other countries & continue to push distribution within the USA."
The Mobeego® brand launched in November 2015. Mobeego® is available within 16 different countries and has sold north of 450,000 units. 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. 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.