By: Matt Rego

Shares of action camera manufacturer and accessories manufacturer, Life Clips, Inc. (OTCQB: LCLP) jumped over 10% early on into the trading session on Thursday, June 23, 2016.  The $33 million company normally sees average daily volume of 432,702 over the past thirty days. During today’s trading session, Life Clips, Inc. (OTCQB: LCLP) has seen 233,218 shares exchange hands or around $158,821 in dollar volume. With several hours left in the session today, investors could see Life Clips, Inc. (OTCQB: LCLP) expanded volume that is above its average volume.

The news driving the 10% in the stock came from an announcement that Life Clips, Inc. (OTCQB: LCLP) will be conducting a soft launch of its Mobeego merchandise and accessories in the United States. Here is a press release detailing of the new accessory line and where it can be purchased across the United States:

CHARLOTTE, N.C., June 23, 2016 (GLOBE NEWSWIRE) — Life Clips®, Inc. (LCLP), an innovative brand of products revolutionizing the way people capture, manage, enjoy, and charge the devices that share life’s moments, is pleased to announce that its Mobeego® brand of award winning wireless, disposable & recyclable chargers is making its U.S. debut, via its soft launch. Mobeego®’s full hard launch in the U.S. will take place in July, 2016.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/1fb757af-a1cc-46c1-97bb-f4e4e4463c57

(LCLP)’s Mobeego® is now available for purchase at the following locations:

  • New York, NY
    • B & H Photo Video | 420 9th Ave, New York, NY 10001 | 1 (800) 606-6969
  • Las Vegas, NV
    • ARIA Resort & Casino | 3730 Las Vegas Blvd South, Las Vegas, NV 89158 | 702-590-8735
    • Bellagio Hotel and Casino | 3600 Las Vegas Boulevard South, Las Vegas NV 89109 | 702-693-8795
    • MGM Grand | 3799 Las Vegas Boulevard South, Las Vegas, Nevada 89109 | 702-891-3069
    • Mandalay Bay | 3950 Las Vegas Blvd. South | 702-632-6124
    • Delano | 3940 S Las Vegas Blvd, Las Vegas, NV 89119 | 702-632-6121
    • The Mirage | 3400 Las Vegas Boulevard South, Las Vegas, Nevada 89109 | 702-792-7762
    • Monte Carlo Resort & Casino | 3770 Las Vegas BLVD. South, Las Vegas NV 89109 | 702-978-2800
    • New York-New York Hotel & Casino | 3790 Las Vegas Blvd South Las Vegas, NV 89109 | 702-740-3675
    • Luxor Hotel & Casino | 3900 Las Vegas Blvd. S., Las Vegas, NV 89119 | 702-730-5950
    • Circus Circus | 2880 Las Vegas Blvd S. Las Vegas, NV 89109 | 702-734-0410

“Welcome to the U.S.A Mobeego®! I would like to thank our shareholders, distributors & our entire team for making this possible. Mobeego® is a revenue producing, recognizable brand in 14 different countries & it’s time the United States gets to enjoy this product,” said CEO Bob Gruder.

The Mobeego® soft launch is a limited distribution release within the U.S. ahead of the products full distribution efforts in July, 2016.

Mr. Gruder continued: “This is something very special for our shareholders. If you are in the Manhattan NY area, you can stop in to B & H Photo Video which happens to be the largest non-chain photo and video equipment store in the United States & pick up your Mobeego®, before you catch your next train or taxi. If you’re in Las Vegas staying at nearly any of the MGM Resorts & Casinos you can walk into the lobby gift shops and buy your Mobeego®, which comes in handy especially when hopping from casino to casino, show to show & night club to night club. We have been in contact with several store managers & assistant managers at these properties & when we ask “How is Mobeego® selling?” the responses we get are extremely positive. I can’t wait to share Mobeego® with the rest of the country!”

About Mobeego®

The Mobeego® brand launched in November 2015. Mobeego® is available within 14 different countries and has sold north of 450,000 units. Mobeego®’s anticipated revenue before the end of Q3 of this year is $1,000,000. The Mobeego product is an affordable one time use wireless, disposable & recyclable battery that plugs directly into one’s mobile device, iPad, or action camera. The products can be seen at the Mobeego site: www.mobeego.com.

About B & H Photo Video

B&H Photo Video, founded in 1973 and located at 420 Ninth Avenue on the corner of West 34th Street in Manhattan, New York City, is the largest non-chain photo and video equipment store in the United States. The store targets professional photographers and videographers. Although it is visited by more than 5,000 customers every day from Sunday to Friday, most of the company’s business comes from the Internet and corporate sales. It also runs a warehouse in the Brooklyn Navy Yard located in Williamsburg, Brooklyn. The store carries a wide range of electronics products, with emphasis on professional and specialty photographic equipment. www.bhphotovideo.com

About MGM Resorts International

MGM Resorts International (MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts. MGM Resorts controls, and holds a 73 percent economic interest in the operating partnership of MGM Growth Properties LLC (MGP), a premier triple-net lease real estate investment trust engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts. The Company also owns 51 percent of MGM China Holdings Limited (2282.HK), which owns the MGM Macau resort and casino and is developing a gaming resort in Cotai, and 50 percent of CityCenter in Las Vegas, which features ARIA Resort & Casino. MGM Resorts is a FORTUNE Magazine World’s Most Admired Company. www.mgmresorts.investorroom.com

About LifeClips, 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. www.LifeClips.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,” “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.

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