AVENTURA, Fla., April 05, 2017 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTCQB:LCLP) (the “Company”) a designer and seller of mobile accessories, announced today the launch of two new global services. The first is Global Sourcing Services where Life Clips will work with clients to source products anywhere in the world. The second is Sales and Marketing Services that provide clients a direct path to launch, market and grow sales in multi-channel retail. This expansion is a result of relationships made available by the Company’s new management team and a previously signed strategic alliance with a leading global sourcing and logistics company
Huey Long, President and CEO said, “We are utilizing our incredible resources and decades of experience to develop new technology in global sourcing, logistics and multi-channel sales and marketing to support our own product. It makes sense to offer these innovative services to others who wish to develop products and bring those products to market.”
Our company is focused on 3 synergistic businesses:
- Expanding the Mobeego line of Mobile Accessories.
- Global Sourcing Services that includes product design, factory identification, negations, compliance qualification, and end-to-end logistics solutions to source products anywhere in the world.
- Sales and Marketing Services that provide an efficient path for companies to launch and market product into multi-channel retail and capture the maximum ROI.
The Global Sourcing Services market reached a record $38 Billion in 2016 and is expected to have a CAGR of 20% while the Global multi-channel sales and marketing services were at $32 Billion in 2016 growing over 12% annually.
Our plans call for adding additional mobile accessories focused on portable power, which includes high capacity battery banks, blue tooth headphones, blue tooth speakers, solar chargers, CLA chargers and inverters. The global mobile accessories size is over $80 Billion USD and expected to grow at a CAGR of over 6% globally during the period 2016-2020. In addition, we will be launching into new categories, including expanding our offering in Consumer Electronics and introducing new product in personal care and home goods.
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.