Life Clips Inc (fka LCLP)

[Tengri]

Latest DD package on LCLP...

SEC 8K Form disclosed today
Life Clips Inc. has entered into a letter of intent to acquire certain assets of Vidbox Mexico.. It is anticipated that the closing of the transaction will be on or about November 20, 2018.
https://www.otcmarkets.com/filing/html?id=13011644&guid=N8_MUnFS3bGIR3h

Overview of VidBox Mexico
https://www.slideshare.net/Vidbox/vidbox-overview

Other Insights into VidBox
Vidbox Mexico is bringing the success of Redbox to Mexico, with a dream management team including previous Redbox executive management.

The company obtained an license and non-compete from Redbox for Mexico.

The company has 100,000 customer actively renting from over 350 machines placed in key accounts in 17 cities, such as Wal-Mart, Soriana, 7-Eleven, Calimax, Farmacias Roma and more.

Vidbox is a fully automated video rental store kiosk contained in 12-square feet of retail space, featuring up to 200 titles and 950 discs.

Vidbox brings the rental experience closer to the consumer where they already shop at a third of the price of the competition. Vidbox has already acquired the 4,000 machines necesary to roll-out the business plan nationwide in Mexico.

Source: https://www.linkedin.com/in/sandropiancone/