$LCLP Life Clips, Inc. (OTCQB: LCLP) is a global consumer electronics company focused on developing hardware and accessories for mobility through the Mobeego brand. Their mobile technology and disposable cell phone batteries are hot products in today’s consumer electronics market space. The company has launched a new global services business as well and we will discuss that below. 2017 has been an exciting year thus far for Life Clips with a new management team in place. The combination of a solid product base and a top notch management creates a unique opportunity for success. Life Clips is headquartered in Aventura, Florida USA.
The New Management Team
Huey Long was named Chief Executive Officer on February 2, 2017 and was named as a Director of the Company. Mr. Long is a seasoned multi-channel retail and global sourcing executive and turnaround expert. He was responsible for general merchandise operations in his capacity as a Senior Vice President at Walmart Stores, Inc. and as General Merchandise Manager at Walmart's Sam's Club. Previously, Mr. Long was an Executive Vice President of Radio Shack Corp., where he was part of the turnaround team. He later became a Director of Radio Shack China. Mr. Long was also responsible for Amazon.com's global private brands and consumer electronics retail buying operations.
On January 16, 2017 Victoria Rudman was appointed as Chief Financial Officer, Secretary and Treasurer of the Company, as well as to the Company's Board of Directors. Ms. Rudman has spent most of her career in Fortune 50 global investment banks and retail brokerage firms. She has also served several public and private companies as Chairman, Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary.
William Singer remains in his position as Executive Vice President of Sales and Marketing of the Company, and was named as a Director on March 1, 2017. Mr. Singer is a Multi-Channel Retail Expert, an entrepreneur and investor, and has launched several successful businesses and products in retail, transportation, eCommerce, mobility, and services.
A New Business and Revenue Stream
This month (April 2017) Life Clips announced the launch of two new global services. Global Sourcing Services where Life Clips will work with clients to source products anywhere in the world. The second is Sales and Marketing Services that provide clients a direct path to launch, market, and grow sales in multi-channel retail. This expansion is a result of relationships made available by the Company's new management team and a previously signed strategic alliance with a leading global sourcing and logistics company.
Huey Long, President and CEO said, "We are utilizing our incredible resources and decades of experience to develop new technology in global sourcing, logistics and multi-channel sales and marketing to support our own product. It makes sense to offer these innovative services to others who wish to develop products and bring those products to market."
Company Guidance on Operations
On April 5th, 2017 the company published guidance for its current and future operations, reflecting a leaner, more focused business model. Here are the areas the company discussed:
Expanding the Mobeego line of Mobile Accessories. Moving forward, the Company will focus on sales of the Mobeego brand emergency cell phone battery and other mobile power supply products we plan to source from a previously signed strategic alliance with Ascenda Corporation, a global sourcing and logistics company. We are seeing increased interest in the Mobeego product.
Global Sourcing Services that includes product design, factory identification, negations, compliance qualification, and end-to-end logistics solutions to source products anywhere in the world.
Sales and Marketing Services that provide an efficient path for companies to launch and market product into multi-channel retail and capture the maximum ROI.
Our plans call for adding additional mobile accessories focused on portable power, which includes high capacity battery banks, blue tooth headphones, blue tooth speakers, solar chargers, CLA chargers and inverters. In addition, we will be launching into new categories, including expanding our offering in Consumer Electronics and introducing new product in personal care and home goods.
LCLP’s business is expected to derive significant strength from these strategic developments, including an expansion of its Mobeego line of Mobile Accessories. In fact, the company’s stock has witnessed significant volumes in the recent past. LCLP reported an increase in trading volumes backed by these announcements laying the foundation for revenue visibility and business growth.
Life Clips Current Products
