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Life Clips, Inc. CEO Issues Shareholder Update On Mobeego® & SoloVu™ 4k Action Cameras

CHARLOTTE, N.C., May 31, 2016 (GLOBE NEWSWIRE) -- Life Clips, Inc. (PinkSheets:LCLP), an innovative brand of products revolutionizing the way people capture, manage, enjoy, and share life's moments, issues the following shareholder update from CEO Bob Gruder.

Dear Shareholders,

First and foremost, I want to thank you all for your patience and overwhelming support. The past 30 days have been extremely positive for Life Clips and that has reflected in the market. I am pleased to inform all current and prospective shareholders that I believe the best is yet to come. Life Clips has yet to scratch the surface of its potential.

Although nothing is closed & or finalized until we have a mutually signed definitive agreement, I am pleased to inform everyone that the Batteryfly Energy ltd. “Mobeego®” acquisition is moving forward and I fully expect for us to close in the very near future. The Batteryfly Energy ltd. “Mobeego®” acquisition will bring overnight revenue, international & domestic distribution, & so much more to Life Clips.

I would as well like to let our current and prospective shareholders know that the SoloVu™ 4k Action Cameras are on schedule and we are equally as excited about releasing this product to the public in the coming weeks. The SoloVu™ 4k Action Cameras has several key features that leading competitors do not come standard with, such as; an internal gyroscope for greater image stabilization, built in motion detection for activation, and a 32GB memory card. The SoloVu™ will come with video options of 4k, 2k, 1080 and 720. SoloVu™ will also feature burst mode, time lapse & looping video modes.

SoloVu™ 4k Action Cameras & Mobeego® will make up Life Clip’s initial consumer catalogue and we are extremely excited and strongly feel you should be too. We our building a company that we expect to support all things video including capitalizing on the content created and supporting hardware for our video devices. Thank you again for your continued support of Life Clips, Inc.

Best regards,

Bob Gruder
Life Clips, Inc.
CEO

About Mobeego®:

Mobeego® launched its battery products in late November 2015 and its products are now distributed in 14 countries including the U.K., Canada, Russia, Malaysia, Israel, and France. The Mobeego® battery will allow users who are out or low on power to give an energy shot to their phone or action camera. The battery will provide about 2 hours of talk time or about 4 hours of use time. Mobeego's® products can be viewed at www.mobeego.com. The Mobeego® product use concepts can be seen in this commercial: https://www.youtube.com/watch?v=EOb1jnU4NBA

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.

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.