Life Clips Responds to Blatantly False and Misleading Social Media Statements
- Life Clips refutes inaccuracies and challenges misleading claims
- Coordinated attack by individuals illegally colluding to drive Life Clips’ stock price lower in an effort to deprive the company of funding
AVENTURA, Fla., April 18, 2022 (GLOBE NEWSWIRE) — Life Clips, Inc. (OTC Pink: LCLP) (the “Company”), the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc., today responded to the recent false and misleading statements on social media by individuals conspiring and colluding to influence the price of its stock. First and foremost, neither Life Clips, its management team, or its Board of Directors are under any type of investigation.
Robert Grinberg, CEO of Life Clips, said, “Most companies do not comment on rumors. Life Clips is no exception. However, the doubt and confusion created by these individuals has many long-term investors in our company unnecessarily taking losses on their investment. We appreciate all of our shareholders, and we want to make sure they have all of the information they need to make informed decisions.”
On March 4, 2022 Life Clips filed its 10-Q Quarterly report for its second quarter ending December 31, 2021 with the SEC. For the three-month period ended December 31, 2021 Life Clips posted Total Revenues of $2,235,267.00. These were actual revenues, not pro forma or estimated. The bulk of the revenue in our 10-Q came from our Belfrics subsidiary. Like every other public company, even though our second quarter numbers are not audited, they were completed pursuant to US GAAP, and they were reviewed by our auditor in accordance with SEC regulations.
In Life Clips second quarter 10-Q filed on March 3, 2022, the Company had 1,781,038,886 shares outstanding on March 1, 2022. The share count has remained basically the same since the end of 2021. We have authorized our transfer agent, Securities Transfer Corporation, to provide information on the share count to OTC Markets. The share count currently shows 1,781,946,647 on OTC Markets as of April 8, 2022. No shares have been sold under our $10 million Reg A filing.
As we have clarified several times before, Belfrics is not suspended, banned, or otherwise restricted from doing business in Malaysia. There are two types of licenses in Malaysia; local and global. Belfrics decided early on that the global license best fit its business plan. As a result of this global license, Belfrics is licensed and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia, which is the regulatory body for Labuan International Business and Financial Centre. Belfrics can be found on the list of authorized service providers on the Labuan Financial Services Authority’s website at http://www.labuanfsa.gov.my/areas-of-business/financial-services/money-broking/list-of-money-brokers. Even though Belfrics is licensed by the LFSA, it does not operate a local exchange in Malaysia, since a local license would be required.
There are several factors that affect the volume posted on Nomics. Banking relationships, payment gateway service provider, and B2B client contribution to the volume can all create fluctuations in volume. In addition, Belfrics has been reviving its application constantly, so it has temporarily limited the outreach of fresh onboarding to a minimal level. All coins added to Belfrics Exchange are active currency pairs only. The new coin volume will increase gradually as the markets are created in the various regions.
Since February, 2021 Life Clips has issued the 47 press releases listed below in an effort to keep our shareholders and other interested parties updated on out business plan. Each press release is written according to AP standards and contain factual information. Life Clips maintains copies of all MOUs and contracts for its records as part of it audit procedure.
- Life Clips Subsidiary Belfrics Group Launches India’s First Phygital Center in Pune
Monday, 04/04/22 09:00 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips, Inc. Provides Webcast Information For Its Virtual Shareholders’ Update
Friday, 03/25/22 09:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips, Inc. Announces $50 Million Equity Line for Long Term Growth and Expansion
Wednesday, 03/23/22 09:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips Announces Belfrics Group Adds An Additional 14 Coins To Its Crypto Currency Exchange
Tuesday, 03/22/22 08:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips Belfrics BT Signs an Exclusive MoU With Kenya’s Red Cross Society to Deploy Blockchain Solutions Across the Country’s Health and Education Sectors
Wednesday, 03/09/22 11:50 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips, Inc. Subsidiary Belfrics To Issue University Certificates On Its Blockchain For The Indian State Of Maharashtra
Monday, 03/07/22 08:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Implements Important Changes To Its Internal Procedures For SEC Filings
Monday, 02/28/22 08:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips’ Belfrics Subsidiary Grows Crypto Exchange Volume while Expanding Trading Opportunities with Forex and Derivatives Platform
Friday, 02/04/22 09:29 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips, Inc. to Hold Virtual Annual Shareholders’ Meeting, Answer Shareholder Questions
Tuesday, 02/01/22 09:00 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips’ BelfricsBT Expands BelYo Blockchain dApp beyond vaccination certificates to wider healthcare ecosystem
Monday, 01/31/22 09:00 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Enhances Security Of BelfricsBT Blockchain With Disruptive XOR Transient Intelligent Cipher Process
Friday, 01/28/22 09:00 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Subsidiary Belfrics Expands Dubai Footprint; Names Najmal Ahmed As Head Of Dubai Operations
Thursday, 01/27/22 07:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Subsidiary Belfrics Launches Channel Partner Program
Wednesday, 01/26/22 09:00 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips’ Subsidiary BelfricsBT Signs MOU With Bluewave International To Explore Blockchain Solutions For Supply Chain Disruption
Thursday, 01/20/22 07:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Subsidiary Belfrics Announces Over $2 Million in Revenue on Volumes of $1.5 Billion
Tuesday, 01/18/22 07:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Subsidiary Belfrics Lists Belrium On VinDAX Exchange
Friday, 01/14/22 12:30 PM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Subsidiary BelfricsFX Offers Enhanced Onboarding Experience For Leveraged Forex Instruments and Crypto Derivative Contracts In 8 Countries
Friday, 01/14/22 07:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Subsidiary BelfricsBT To Implement Health Information Management dApp In Nairobi Kenya’s Bela Risu Medical Center
Thursday, 01/13/22 07:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Subsidiary Belfrics Announces Plans For Expansion; Opens Office in Bangalore India
Thursday, 01/06/22 07:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Subsidiary Belfrics Group Belfrics Partners With THRESH0LD To Deliver A Secure Trading Experience For Millions Of Users In India And Existing Markets
Tuesday, 01/04/22 07:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Subsidiary BelfricsBT And KPR Info Solution Sign MoU With Chennai City Football Club To Launch Groundbreaking Hybrid Blockchain Solution For NFTs And Club Tokens
Thursday, 12/23/21 07:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips CEO Issues End of Year 2021 Letter to Shareholders
Monday, 12/20/21 07:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Subsidiary Belfrics Introduces Marketing Campaign Featuring Celebrity Partners Rashi Khanna, Sargun Mehta, Vikrant Massey And Varun Sharma To Promote Cryptocurrency Exchange And Platform
Wednesday, 12/08/21 08:44 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Subsidiary Belfrics Selects Coincover Technology To Secure Its Customer’s Crypto Assets
Thursday, 12/02/21 07:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Subsidiary Belfrics Lists Belrium On LBank Exchange
Monday, 11/29/21 07:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Subsidiary Belfrics Group Plans Major Expansion In India
Tuesday, 11/09/21 07:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips Subsidiary Belfrics Group Relaunches Cryptocurrency Exchange In India With 25 Coins
Thursday, 11/04/21 07:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips Subsidiary Cognitive Apps To Benefit From Apple’s iPhone Features to Help Detect Depression, Cognitive Decline
Tuesday, 10/05/21 07:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips Subsidiary Belfrics Fully Up And Operational On Offering Crypto Derivatives and Leveraged Forex Instruments On Its Platform
Monday, 10/04/21 03:23 PM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips Subsidiary Belfrics Goes Live Offering Crypto Derivatives and Leveraged Forex Instruments On Its Platform
Wednesday, 09/29/21 07:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips Provides Update On Integration Of Belfrics Group And Cognitive Apps Software Solutions
Thursday, 09/02/21 07:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips Issues 8-K On Closing Of Belfrics Group Acquisition
Friday, 08/27/21 07:59 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips Closes Belfrics Group Acquisition
Thursday, 08/26/21 09:36 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Belfrics To Make Crypto Derivatives and Forex Available on Their Platform
Thursday, 08/19/21 07:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips’ Cognitive Apps Completes Release Of Aiki, AI-Based Intuitive Mental Health ChatBot
Thursday, 08/12/21 01:02 PM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips’ Cognitive Apps To Release Aiki, AI-Based Intuitive Mental Health ChatBot
Friday, 08/06/21 07:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Belfrics Presents Blockchain Solutions To Tanzanian Government
Thursday, 07/22/21 08:00 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips Updates Shareholders On Recent Events
Tuesday, 07/20/21 07:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips To Enter Cryptocurrency Market With A Definitive Agreement To Acquire Global Blockchain And Digital Currency Platform Belfrics Group
Wednesday, 07/14/21 07:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips Subsidiary Cognitive Apps Software Solutions Introduces Intuitive AI Chat Bot Solutions Delivering CBT And IPT Therapies For Mental Health Disorders
Tuesday, 06/29/21 07:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips, Inc. Subsidiary Cognitive Apps Signs LOI to License Yuru Technology to Belfrics BT
Wednesday, 04/28/21 07:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips, Inc. Subsidiary Cognitive Apps Announces Successful Launch of Yuru Mental Health App
Monday, 04/19/21 10:14 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips, Inc. Subsidiary Cognitive Apps Recognized as One of the Most Promising AI Startups in the Healthcare and Technology Space
Thursday, 04/15/21 06:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips, Inc. Issues CEO Letter to Stockholders, Reports on Outlook for Remainder of 2021
Monday, 04/12/21 06:30 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips Closes Transaction to Acquire Cognitive Apps Software Solutions Inc.
Tuesday, 04/06/21 08:00 AM (UTC-04:00) Eastern Daylight Time (US & Canada) - Life Clips to Acquire Mental Health Voice-Based AI Technology Company
Wednesday, 02/24/21 08:30 AM (UTC-05:00) Eastern Standard Time (US & Canada) - Life Clips, Inc. Appoints Robert Grinberg as President and CEO
Tuesday, 02/09/21 08:30 AM (UTC-05:00) Eastern Standard Time (US & Canada)
About Us
Life Clips is the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc. Belfrics Global is a Malaysian based blockchain provider and cryptocurrency exchange and platform that is licensed and regulated by Labuan Financial Services Authority (LFSA), Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-feature trading platform offers digital assets, cryptocurrencies, and crypto derivative contracts to its clients. Belfrics blockchain has been recognized by Gartner as being a top 10 blockchain in terms of real-world projects and has received a patent for its Belrium KYC verification System (BKVS) by the Nigerian patent authority. Cognitive Apps is disrupting the space of mental health with its speech-based, AI-powered mental health analytics platform that empowers businesses to measure, understand, and improve the mental well-being of their employees, patients, and customers. Aiki delivers CBT and IPT therapies using a chatbot which and includes the voice analysis solution that takes in other health data from Apple and Google HealthKit to make a more accurate analysis of one’s mental health. Aiki was developed to capitalize on the trend towards artificial intelligence platforms utilized by individuals and companies to raise awareness of employees’ mental health. Cognitive Apps is developed by a team of licensed psychotherapists that makes use of vocal biomarkers to screen for early signs of mental health conditions, such as stress and depression. Aiki is available on Apple‘s App Store.
For more information on Life Clips visit www.lifeclips.com
For more information on Belfrics Global visit www.belfricsgroup.com
For more information on Cognitive Apps Software Solutions visit http://cogapps.com
Forward-Looking Statement Disclaimer
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements: (i) the initiation, timing, progress and results of the Company’s research, manufacturing and other development efforts; (ii) the Company’s ability to advance its products to successfully complete development and commercialization; (iii) the manufacturing, development, commercialization, and market acceptance of the Company’s products; (iv) the lack of sufficient funding to finance the product development and business operations; (v) competitive companies and technologies within the Company’s industry and introduction of competing products; (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the scope of protection the Company is able to establish and maintain for intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential failure to comply with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) the difficulty of predicting actions of the government and its regulations. All forward-looking statements included in this press release are made only as of the date of this press release. The Company assumes no obligation to update any written or oral forward-looking statement unless required by law.
For Media and Investor Relations, please contact:
David L. Kugelman
(866) 692-6847 Toll Free – U.S. & Canada
(404) 281-8556 Mobile and WhatsApp
dk@atlcp.com
Skype: kugsusa
http://www.linkedin.com/in/davidkugelman/
