Life Clips® Special Letter to Shareholders Addresses Share Price, Nasdaq Up-Listing, Current & Future Developments
CHARLOTTE, N.C., Oct. 17, 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, today issued the following Special Letter to Shareholders from its Founder and Chief Executive Officer, Robert Gruder.
I'd like to address the decline of share price in Life Clips stock. Let me begin by first stating that I could not be any more excited about the Company's future and prospects. The current price per share is in no way indicative of the state of the company. We are meeting & exceeding our business goals and objectives, which includes generating revenue. As we continue to progress forward we are confident that the market will continue to see the long term value in Life Clips. I trust that the market will in short order begin to reflect where the company actually is which I believe to be far greater than its current share price.
I want to reiterate our desire to uplift to NASDAQ as soon as possible. Which means the Company currently has no plans to reverse the stock because it believes in its future prospects unless it would be in concert with an application to uplift to NASDAQ.
We have recently entered into some tremendous partnerships which we anticipate will propel Life Clips to become a world-wide leader in the action camera space. Additionally, we continue to follow our roadmap which we expect will accelerate our growth. Let me reiterate that Life Clips has recently entered into agreements which we expect will help propel us to the next level. We anticipate sharing some of this information in the very near future which will publicly validate our efforts as well as build investor confidence.
Robert Gruder, Chief Executive Officer
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: http://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
(866) 692-6847 Toll Free - U.S. And Canada
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SOURCE Life Clips, Inc.