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Bob Gruder CEO of Life Clips, Inc. (LCLP) Issues Shareholder Update

CHARLOTTE, N.C., May 09, 2016 (GLOBE NEWSWIRE) -- Life Clips, Inc. (LCLP), an innovative brand of products revolutionizing the way people capture, manage, enjoy, and share life's moments, issues a shareholder update from CEO Bob Gruder.

Valued Shareholders,
There is an incredible amount of positive forward progression taking place with Life Clips, Inc. (LCLP). The overall point of this shareholder update is to layout & summarize what has happened within the past 15 days and more importantly what is to come within the next 6-12 months.

On April 25, 2016 (LCLP) announced that William Singer joined our team as Senior Vice President of Sales. Since 2010 Mr. Singer has developed multiple strategic relationships in the larger big box chains where he has successfully implemented several new product launches that have resulted in millions of dollars of revenue. These successful product launches were directly attributable to his experience building sales channels and his network of buyers in the mass merchandising and specialty electronics business. Mr. Singer brings sales and management experience in all facets of business, including the internet, internet marketing, sales and analytics.

On May 3, 2016 (LCLP) officially signs a binding letter of intent to purchase Israeli battery maker Batterfly Energy, LTD the company which owns Mobeego™ a non-tethered disposable battery, referred to as an "energy drink" for mobile phones such as Samsung™ (www.samsung.com) or Apple™ (www.apple.com) or for action cameras. Simply put, the Mobeego™ disposable battery is a one-time charger for instant mobile use. Mobeego™ eliminates the need to find the closest outlet to charge your phone, and you no longer need to stop using your phone to save the battery. Mobeego™ batteries have a 10 year shelf-life and do not require a charging cord. Mobeego™ batteries can be purchased as single or double use, as a six pack, or for action cameras, such as Life Clips. Mobeego's™ products can be viewed at http://www.mobeego.com.

To summarize, we have hired a veteran sales manager with decades of experience and string existing relationships with big box retailers. We then signed a binding letter of intent which when closed will give (LCLP) ownership over Batterfly Energy, LTD & their Mobeego™ product. It’s as well important to state that Mobeego™ is a finished, functioning & polished product currently being sold.

On May 9, 2016 (LCLP) announces that Mobeego™ as soon to be acquired asset of (LCLP) has won the Red Dot Package Design Award. This award will no doubt provide Mr. William Singer ample leverage with bog box retailers in the very near future.

As you can clearly see (LCLP) is crafting a very strong narrative backed by swift action. We are getting the job done and getting the job done correctly. We plan to seek out additional acquisitions as well as innovate products and grow organically. Mr. Singer and Myself as well as the rest of our team are fully dedicated to making (LCLP) a huge success.

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.

Samsung, Iphone, GoPro, Xiaomi, are respective trademarks of Samsung, Apple, GoPro and Xiaomi. All rights reserved.

CONTACT INFORMATION: Robert Gruder Chief Executive Officer info@lifeclips.com Investor Relations David Kugelman Atlanta Capital Partners, LLC (404) 856-9157 (866) 692-6847 Toll Free - U.S. And Canada

Source:Life Clips, Inc.