AVENTURA, FLORIDA, UNITED STATES, August 9, 2018 /EINPresswire.com/ — Life Clips, Inc. (OTC PINK:LCLP) (the “Company”) wishes to update shareholders as to recent events and to prepare them for several exciting activities that will transform Life Clips into a revenue producing, profitable company in the cannabis business. Life Clips is in discussions with a private company in the cannabis industry regarding an acquisition that will transform Life Clips into a quick growing cannabis company that investors will be proud to be a part of and to grow with.
Since becoming part of Life Clips, Inc. Management in January 2017, I have worked to execute the Company’s defined plan to expand into the cannabis businesses.
We believe cannabis is the most important medicinal plant on Earth and has the power to transform human health and wellness. With medical research and clinical data validating cannabis’ medicinal value, coupled with patients seeking safe alternatives for addictive prescription opioids and the American public wanting legal access, the future for Life Clips looks bright.
I want to take this opportunity to thank everyone at Life Clips, Inc. who has worked on identifying and selecting the new acquisition candidate that will bring exponential growth and value. And thank our shareholders for your patience and continued support during this process. Your time is now.
Aside from that, we have been working diligently with our accountants and legal representation to update our filing information on OTC Markets Pink to return the company to a “current” filing status and provide full transparency to our shareholders. A process that will be complete in the near future.
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.
Life Clips, Inc.
Chief Executive Officer
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