Life Clips subsidiary BelfricsBT signs MoU with Bluewave

AVENTURA, Fla., Jan. 20, 2022 (GLOBE NEWSWIRE) — Life Clips, Inc. (OTC Pink: LCLP) (the “Company”) today announced that its Kenya-based Belfrics subsidiary BelfricsBT and Bluewave International have signed a memorandum of understanding (MOU) to explore blockchain capabilities in supply chain management, remittances, tolling, wildlife park management and other areas of interest to both parts.

Bluewave International is a full-service IT solutions company specializing in digital advertising, queue management system, web application development and market support systems. BelfricsBT is the technology division of Belfrics Global, which is a comprehensive blockchain technology solutions company helping businesses bring transparency and decentralization to their operations.

The partnership between Bluewave International and Belfrics aims to take innovation in Africa to the next level. Companies seek to use African software solutions tailored to governments and businesses to enable the continent to embrace the 4th Industrial Revolution and give it a competitive edge in global markets.

Simon Katumo, CEO and Co-Founder of Bluewave International, said, “Blockchain will improve traceability, transparency and tradability, and will have a massive impact on all sectors that will use this technology. Our main interests will be in the banking, financial services, government, healthcare, energy, transportation and logistics sectors.

“Belfrics’ blockchain solutions are designed to ensure a seamless decentralized customer experience that can be integrated with legacy systems to ensure comprehensive investment maximization,” said Jackline Gachiri, Principal Researcher for BelfricsBT.

BelfricsBT is at the forefront of creating blockchain solutions, while Bluewave International is an industry leader in creating custom solutions in various markets. The partnership will focus on delivering an exemplary customer experience through efficiency, transparency, security and cost savings. According to The New York Times, supply chain issues are set to last for many more months, if not years, as some experts have warned that the global economy is overly reliant on lean manufacturing and remote factories. The pandemic has seemingly validated this view, and the supply chain has become a central political issue. It is also a key driver of rising inflation, which is heightening concerns about the fate of the global economy and its recovery from the pandemic lockdowns.

CEO and Founder of Belfrics, Praveen Kumar, said: “Blockchain is a distributed ledger technology that enables multiple parties around the world to efficiently access and verify immutable copies of transactions, minimizing risk throughout of the supply chain. Blockchain is transforming supply chains by reducing errors and increasing transparency and auditability in the movement of products from producer to consumer.

Robert Grinberg, CEO of Life Clips, said: “Gartner, the same organization that recognized Belfrics as one of the top 10 blockchains in terms of real-world projects, predicts that the blockchain may be able to track $2 trillion worth of goods and services in their movement across the globe by 2023. Gartner also expects blockchain to represent over $3 trillion in business by 2030.” Mr. Grinberg continued: emerging technologies and ethical sourcing are constantly evolving and important for compliance and competitiveness. Blockchain has the potential to transform global supply chain management, and Belfrics plans to play a leading role.”

About Us

Life Clips is the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc. Belfrics Global is a Malaysian blockchain and cryptocurrency exchange and platform provider that is authorized and regulated by the Labuan Financial Services Authority ( LFSA), Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-function trading platform offers digital assets, cryptocurrencies and crypto derivative contracts to its clients. The Belfrics blockchain has been recognized by Gartner as one of the top 10 blockchains in terms of actual projects and has been awarded a patent for its Belrium KYC Verification System (BKVS) by the Nigerian Patent Authority. Cognitive Apps is disrupting the mental health space with its speech-based, AI-powered mental health analytics platform that enables companies to measure, understand and improve mental wellbeing of their employees, patients and customers. Aiki offers CBT and IPT therapies using a chatbot that includes the voice analysis solution that takes into account other health data from Apple and Google HealthKit to perform a more accurate analysis of his mental health . Aiki was developed to capitalize on the trend towards artificial intelligence platforms being used by individuals and businesses to raise awareness about employee mental health. Cognitive Apps is developed by a team of licensed psychotherapists who use voice biomarkers to screen for early signs of mental health issues, such as stress and depression. Aiki is available on the Apple 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 https://cogapps.com

Disclaimer of Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be prefaced by the words “intends”, “may”, “will”, “expects”, “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, therefore, 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 development efforts; (ii) the Company’s ability to advance its products to complete their development and commercialization; (iii) the manufacture, development, marketing and market acceptance of the Company’s products; (iv) lack of sufficient financing to fund product development and commercial operations; (v) competitive businesses and technologies within the Company’s industry and the introduction of competing products; (vi) the Company’s ability to establish and maintain business collaborations; (vii) loss of key management personnel; (viii) the extent of protection the Company is able to establish and maintain for the intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential non-compliance with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) difficulty in predicting government actions and regulations. Any forward-looking statements included in this press release speak only as of the date of this press release. The Company undertakes no obligation to update any written or oral forward-looking statement, except as required by law.

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