Decentral Life Inc (WDLF)

[shanak10]

LOS ANGELES, CA, July 19, 2021 (GLOBE NEWSWIRE) -- Social Life Network, Inc. (OTC: WDLF), announces today that on July 16, 2021 it filed a $43,253,342 First Amended complaint against a convertible debt funder for multiple alleged federal securities laws violations.

The complaint may be accessed at our website via the following link:

https://www.socialnetwork.ai/LGH-amended-filing.pdf

“Our management team continues to stay focused on researching and identifying [alleged] illegal securities activities as reflected in the amended complaint that continues to damage our shareholders,” said CEO Ken Tapp. “Our shareholders need to know that we will not relent in our efforts to identify and pursue those who have engaged in these illegal securities activity of our stock.”

About Social Life Network, Inc.

Social Life Network is a Technology Business Incubator (TBI) that, through individual licensing agreements, provides tech start-ups with seed technology development, legal and executive leadership, making it easier for start-up founders to focus on raising capital, perfecting their business model, and growing their network user-ship. Our seed technology is an artificial intelligence (“AI”) powered social network and Ecommerce platform that uses blockchain technology to increase user activity, speed, security, and accuracy on the niche social networks that we license to the companies in our TBI. Since the launch of the company in January of 2013, the Company has launched niche industry social networks to service the millions of business professionals and consumers in the residential real estate industry, the legal global cannabis industry, sports verticals including racket sports, golf, cycling, soccer, space exploration, auto racing, travel, hunting, fishing, and camping. The Company operates in part, like a publicly traded tech incubator, and retains ownership in each licensee through stock and options ownership when they reach a contracted user ship growth, outlined in their licensing contracts. This allows the Company to minimize its expenses and exposure to failed start-ups licensees that use its platform.