CHARLOTTE, NC--(Marketwired - Mar 23, 2016) - Life Clips, Inc. (OTC PINK: LCLP) a leading innovator of cameras for life events, today announced that it has entered into agreement with a major Electronics Representation company to represent its products to selected large retailers.
The Company represents several high technology product lines to top 50 retailers and electronic storefronts.
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(GlobeNewswire) - Life Clips, Inc. (LCLP), an innovative brand of products revolutionizing the way people capture, manage, enjoy, and share life's moments, today announced the Company has obtained an agreement for purchase order financing in the form of a $500,000 revolving credit facility. The credit facility is non-dilutive and involves no debt or equity. The revolver carries a fixed interest rate.
The credit revolver has been secured specifically to obtain the necessary and non-dilutive capital to fulfill purchase orders from big box retail chains. The Company already believes it has the ability to fulfill initial inventory demands for the small chains or individual retail stores. The credit revolver allows the Company to initially finance larger orders.
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