Life Clips Inc (fka LCLP)

[Dolly Llama]

Remember, we own Hong Kong Ascenda International Co. Ltd.. That link in your post lists information for the American branch of the company. Ascenda's main office is in Shanghai. The $190,000 in annual revenues and three employees mentioned in your article refers only to the American office located in California.

Excerpts from the acquisition announcement:

"AVENTURA, Fla., June 27, 2017 (GLOBE NEWSWIRE) -- Life Clips, Inc. (LCLP) (“Life Clips” or the “Company”) a provider of global sourcing and sales and marketing services, announced today that, on June 22, 2017, it closed on the acquisition of the shares of Hong Kong Ascenda International Co., Limited, a company organized under the laws of Hong Kong, and Hong Kong Ascenda International Co., a company organized under the laws of the Independent State of Samoa (collectively, “Ascenda”), which are the main operating companies of Ascenda Corporation.  Ascenda Corporation was formed in 2000 and is based in China and the USA.  This acquisition will provide the Company the ability to import and export products globally. The acquisition includes Ascenda’s existing business, clients, executive management and goodwill. The original investors in Ascenda Corporation included The China Development Group, which was the largest investment banker in Taiwan, and Donald Ruan, who has over 40 years of experience in global trade."

"With the addition of Ascenda and over $6 million in revenue, Life Clips has now officially launched its rapid growth strategy in its new core business of global sourcing, supply chain, logistics and sales and marketing services."

"With its main offices in Shanghai, China, Ascenda has been in continuous trading operations for 17 years with bi-directional trading and import/export capabilities in China, Taiwan, Korea, Japan, Indonesia, Mexico, Brazil, Argentina, United Kingdom, United States, France, Spain, Germany, Italy and Israel."

https://finance.yahoo.com/news/life-clips-inc-officially-launches-134852515.html