CHARLOTTE, N.C., Aug. 4, 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 the company has entered into a distribution agreement with Barak Corporation Spain. The initial agreement calls for a minimum purchase of 400,000 Mobeego units. These units will be distributed in the Spain and Portugal markets.
"This is another big step for Life Clips® and the Mobeego brand," states Life Clips® CEO, Bob Gruder. "This falls in line with our original plans to further establish distribution channels both in the U.S and abroad. We're happy to be able to work with a distribution partner like Barak Corporation. Based on the response we've already seen from other international vendors, I feel that the same positivity will correspond within the Spain and Portugal markets as well."
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.