Life Clips Government and military procurement division to be led by government affairs and military veteran
Edward J. Schmidt.
As a result of the company’s recent acquisition of Ascenda International Corporation, Life Clips can provide
end to end procurement and sourcing for many government and military requirements.
AVENTURA, Fla., July 31, 2017 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTCQB:LCLP) (the “Company”) a provider
of global sourcing, supply chain, logistics and sales and marketing services, announced today it has formed a new division to
pursue government and military sourcing and procurement opportunities. This division will be led by DOD veteran, Edward J.
Schmidt.
Ed’s international background and accomplishments supported US (DOD/State Department), NATO, United Nations and
foreign government (MOD/MOI) defense and aerospace development and sustainment for land, air and sea platforms. His military
background in various commands and senior staff positions provided leadership, resource management, and major logistic support to
successfully deploy, sustain, and transition US and NATO forces, globally. Ed’s 20+ years in the private sector led startups,
M&A, change management, and global sourcing for IT, Managed Services and Defense/Aerospace industry. Ed is a Senior
Advisor to the National Defense Industry Association (NDIA) as well as Picatinny Arsenal, Aberdeen Proving Ground and UN – Office
of Disarmament Affairs. Previously, under the US Army Congressional Fellowship Program, Ed served as Program Lead and
Recruiting Liaison Officer (RLO) for Japan’s Ground Defense Force (GDF), which for the first time in Japan’s history met its
National GDF recruiting goals and objectives. Ed’s professional credibility is further enhanced by his MBA from Air
University/Syracuse University and his Bachelor of Science in Business Administration from Saint Norbert College, coupled with his
military service as a Defense Comptroller and Contracting Officer.
Commenting on the new division and the appointment of Mr. Schmidt, Huey Long, Life Clips CEO, stated “The
acquisition of Ascenda, coupled with our organic sourcing and logistics growth, has positioned Life Clips to pursue the multi-
billion dollar Government and Military Procurement and Sourcing opportunities. By forming this new division, we will be in a
position to pursue both domestic and international contracting and bidding opportunities. There is no better executive to lead this
group than Ed Schmidt. Ed is a seasoned government and military executive and has served our country for many years. I look forward
to working with Ed to rapidly grow this division.”
Safe Harbor Statement
In addition to statements of current and historical fact, this Press Release contains forward-looking
statements. The words "forecast," "will," "intend," "anticipate," "project," "intend," "expect," "should," "believe" and similar
expressions are intended to identify forward-looking statements. Although we believe that we have a reasonable basis for each
forward-looking statement contained in this Press Release, we caution you that these statements are based on a combination of facts
and factors currently known by Life Clips and its projections of the future, about which it cannot be certain. These
forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors, including those discussed
in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Life Clips' annual
report on Form 10-Q and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission (the "SEC"), as well as
matters discussed in Life Clips' financial statements and related notes and other filings with the SEC, which may cause its 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. Ascenda operates around the world with a network of hundreds of factories, logistics and
supply chain suppliers. In 2003 Ascenda introduced the concept of “Speed Sourcing” for its clients offering end to end sourcing at
a fraction of the cost and time compared to traditional exporters and export service providers. The services include; design,
licensing, factory qualifications and negotiating, financial services, import and export, sales, and end to end supply chain
services actual results, performance or achievements to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Accordingly, all forward-looking statements should be
evaluated with an understanding of their inherent uncertainty. Except as required by law, Life Clips assumes no obligation to
publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. All
distribution agreements call for minimum quarterly quotas. There is a risk that the distributor will not meet these quarterly
quotas. In the event the quotas are not met the agreements are in breech which could void the agreement. Therefore the dollar
volumes may not be attained.
CONTACT INFORMATION: For Business, Marketing and Sales Huey Long Chief Executive Officer info@lifeclips.com Life Clips Investor Relations David Kugelman Atlanta Capital Partners, LLC (404) 856-9157 (866) 692-6847 Toll Free - U.S. And Canada dk@atlcp.com
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