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Life Clips, Inc. (OTC Pink: LCLP) announced the launch of its Belfrics Group subsidiary's NFT exchange platform, BelNFT. This initiative diversifies their services and aims to capitalize on the burgeoning NFT market, projected to grow by $147.24 billion by 2026, at a CAGR of 35%. BelNFT will provide a secure marketplace for tokenizing various digital assets, ensuring authenticity through a unique validation process. Belfrics plans to expand operations to 10 countries within six months, positioning itself strongly in the blockchain and cryptocurrency sectors.
Life Clips, Inc. (OTC Pink: LCLP) announced the elimination of nearly $4 million in convertible debt by paying amounts in Belrium (BEL). This transaction reduces the fully diluted share count by approximately 400 million shares, over 22% of the current shares. CEO Robert Grinberg emphasized that this restructuring strengthens the company's financial position and reduces potential dilution, enabling better capital access for expansion over the next year.
Life Clips (LCLP) has issued a response to recent misleading claims aimed at driving down its stock price. The company refutes any allegations of an investigation into its management or operations. CEO Robert Grinberg emphasized the impact of these rumors on long-term investors, prompting the company to clarify its financial health. Life Clips reported revenues of $2,235,267 for the quarter ending December 31, 2021, primarily from its Belfrics subsidiary. The company's share count remains stable at approximately 1.78 billion shares, with no shares sold under its $10 million Reg A offering.
Life Clips, Inc. (OTC Pink: LCLP) announces the launch of India's first phygital center in Pune, part of a plan to establish 200 centers nationwide. This initiative aims to onboard over 100,000 crypto traders in the next 12 months and reach 300,000 businesses for payroll digitization. The company also targets 100,000 students for its Credibel Education solution. CEO Praveen Kumar emphasizes the importance of educating the public on crypto trading and decentralized applications. Life Clips aims to leverage India's tech talent to develop its cryptocurrency platform globally.
Life Clips, Inc. (OTC Pink: LCLP) announced a Virtual Shareholders' Update webcast on March 29, 2022, at 4:30 p.m. EST. The call will feature CEO Robert Grinberg, CFO Victoria Rudman, and board members from Belfrics and Cognitive Apps. Shareholders are encouraged to pre-register for the event, which will also be available for later viewing on the company's website. Life Clips is the parent company of Belfrics Global, a blockchain provider, and Cognitive Apps, which offers an AI-powered mental health analytics platform.
Life Clips, Inc. (OTC Pink: LCLP) announced plans to accelerate the growth of its Belfrics subsidiary by securing up to $50 million in financing through an equity line of credit. CEO Robert Grinberg emphasized that the capital raised would enhance the bottom line and create shareholder value—reflecting a correlation with past revenue increases from previous investments. The company aims to invest in technology, develop new products, and expand market reach. Belfrics' CEO, Praveen Kumar, stated they would immediately deploy capital for growth.
Life Clips (OTC Pink: LCLP) announced the addition of 14 new cryptocurrencies to the Belfrics Exchange, responding to strong customer demand. The new cryptocurrencies include Chainlink, Dogecoin, Solana, and others. This move aims to boost Belfrics' market presence in India, where they plan to launch over 200 phygital centers targeting tier 2 and 3 markets. The CEO emphasized a commitment to regulatory compliance and the long-term sustainability of listed coins, aligning with India's growing cryptocurrency ecosystem.
Life Clips, Inc. (LCLP) announced a strategic partnership between its BelfricsBT subsidiary and the Kenya Red Cross Society (KRCS) to implement the Belrium blockchain-based BelYo platform at the IFO 2 hospital in Dadaab, Kenya. This initiative aims to automate hospital management and enhance the real-time dissemination of health data, serving over 200 outpatients daily. The project targets improvements in health data security and accessibility for the refugee population in Kenya, marking a significant humanitarian advancement.
Life Clips, Inc. (LCLP) announced that its subsidiary Belfrics will issue university certificates in Maharashtra, India, utilizing blockchain technology. This initiative marks Maharashtra as a pioneer in adopting blockchain for educational certifications. Belfrics plans to issue 500,000 certificates in three years, starting with English proficiency courses and skill development programs. The partnership aims to enhance digital verification, reducing the process to under 10 seconds, thus minimizing fraud. Maharashtra, with a population of over 112 million, contributes significantly to India's GDP, creating a substantial market for this technology.
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