Initial agreement with MITSC to introduce clients to BelfricsBT Blockchain technology products and services in the state of Maharastra, India

AVENTURA, Fla., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTC Pink: LCLP) (the “Company”) announced today the launch of its Channel Partner Program to develop relationships and nurture strategic partners throughout India. Belfrics signed an agreement with Maharastra Information Technology Support Centre (MITSC) to market BelfricsBT technology products to businesses based on BelfricsBT blockchain technology portfolio in the state of Maharastra, India. Target customers are primarily governments and large institutions that require scalable enterprise business solutions. MITSC will facilitate BelfricsBT’s product brand development and sales proceeds in the Maharastra market for clients it introduces. The initial BelfricsBT products will be the CrediBel- Education digilocker to store, share and authenticate university certificates on the blockchain.

Under the terms of the agreement, BelfricsBT will be responsible for all technology development, service and management. BelfricsBT will deliver end to end implementation, Go-live and post implementation support as sought by MITSC and its clients. BelfricsBT will also ensure uptime and timely release of deliverables, be responsible for all resolutions based on SLAs, and provision online and onsite support for all BelfricsBT products, platforms, solutions, and services. MITSC will be the point of support for the introduced clients in the state of Maharastra, India and provide all necessary support for BelfricsBT's products. MITSC will also provide introductions and necessary support for business development within the governments departments and enterprises.

Belfrics CEO and Founder, Praveen Kumar, said, “This agreement with MITSC will expand BelfricsBT's relationship with government, while providing us an opportunity to target larger government opportunities. This is more than just a business development agreement, it marks the start of our dedicated partner program, which is an entirely new venture. We plan to work with partners who desire best-in-class solutions for blockchain technology in sectors such as finance, government, and healthcare. BelfricsBT’s portfolio of solutions will provide our resellers and partners throughout the region with the specific resources they need to develop new opportunities and build revenue streams with ease.”

Robert Grinberg, CEO of Life Clips, said, “Contracts with the Indian government will generate tremendous revenue for Belfrics while simplifying many issues the government currently faces. Relationships are very important in India, and MITSC brings an already established level of trust to the playing field. We will continue to support BelfricsBT and its partners as the business expands.”

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
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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.

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