Life Clips Inc (fka LCLP)

[Dolly Llama]

Unauthorized letter to shareholders of 8/9/2018

On August 9th a news release purporting to to be a letter to shareholders from Life Clips Interim CEO Victoria Rudman was posted on the EIN Presswire website. The news release was not posted on other major news sources. Some days later the EIN Presswire site removed the news release. On August 16th Ms. Rudman filed a Form 8-K with the SEC stating that the aforementioned letter to shareholders was released by "an unknown party", and that Life Clips did not authorize the news release and disclaims any statements made therein.

Here is the Form 8-K filed by Victoria Rudman on 8/16/2018 disclaiming the news release:

https://www.otcmarkets.com/filing/html?id=12922358&guid=_I5EUpV3q_dU93h

Item 8.01. Other Events

An unauthorized news release making statements about Life Clips was released by an unknown party on August 9, 2018. Life Clips did not authorize the news release and disclaims any statements made in the news release. The Company learned of the release on August 15, 2018 based upon an inquiry from a shareholder.

The news release was distributed through a news release distribution service that has since removed it from their site. It does not appear that the news release was widely disseminated or picked up by search engines or other news distributors.

And below is the purported "letter to shareholders" that was released on the EIN Presswire site, and later removed from the site and disavowed by Life Clips:

AVENTURA, FLORIDA, UNITED STATES, August 9, 2018

/EINPresswire.com/ -- Life Clips, Inc. (OTC PINK:LCLP) (the “Company”) wishes to update shareholders as to recent events and to prepare them for several exciting activities that will transform Life Clips into a revenue producing, profitable company in the cannabis business. Life Clips is in discussions with a private company in the cannabis industry regarding an acquisition that will transform Life Clips into a quick growing cannabis company that investors will be proud to be a part of and to grow with.

Since becoming part of Life Clips, Inc. Management in January 2017, I have worked to execute the Company’s defined plan to expand into the cannabis businesses.

We believe cannabis is the most important medicinal plant on Earth and has the power to transform human health and wellness. With medical research and clinical data validating cannabis’ medicinal value, coupled with patients seeking safe alternatives for addictive prescription opioids and the American public wanting legal access, the future for Life Clips looks bright.

I want to take this opportunity to thank everyone at Life Clips, Inc. who has worked on identifying and selecting the new acquisition candidate that will bring exponential growth and value. And thank our shareholders for your patience and continued support during this process. Your time is now.

Aside from that, we have been working diligently with our accountants and legal representation to update our filing information on OTC Markets Pink to return the company to a "current" filing status and provide full transparency to our shareholders. A process that will be complete in the near future.

Again, the above "letter to shareholders" has been taken down from the EIN Presswire site and disavowed by Life Clips.