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Life Clips, Inc. Pays All Convertible Debt and Decreases Shares Outstanding

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AVENTURA, Fla., April 18, 2022 (GLOBE NEWSWIRE) — Life Clips, Inc. (OTC Pink: LCLP) (the “Company”), the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc., announced today it has it has eliminated all of its nearly $4 million in outstanding convertible debt by paying the outstanding amounts in Belrium (BEL). The net effect of the transactions reduces the fully diluted share count of the Company by approximately 400,000,000 shares or more than 22% of the Company’s current issued and outstanding.

Robert Grinberg, CEO of Life Clips, said, “The restructuring of all of our outstanding debt owed to convertible debt holders is the first major step in executing on the next phase of our business plan. Not only does this eliminate debt and reduce potential dilution, it shows that investors have confidence in BEL. By eliminating our convertible debt, we are also able to reduce the shares outstanding by freeing up the underlying shares it was convertible into. We have strengthened our financial position and are better positioned to secure new capital that will enable the expansion of our Company over the next 12 months. This is a critical step for advancing our company going forward.”

About Us

Life Clips is the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc. Belfrics Global is a Malaysian based blockchain provider and cryptocurrency exchange and platform that is licensed and regulated by Labuan Financial Services Authority (LFSA), Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-feature trading platform offers digital assets, cryptocurrencies, and crypto derivative contracts to its clients. Belfrics blockchain has been recognized by Gartner as being a top 10 blockchain in terms of real-world projects and has received a patent for its Belrium KYC verification System (BKVS) by the Nigerian patent authority. Cognitive Apps is disrupting the space of mental health with its speech-based, AI-powered mental health analytics platform that empowers businesses to measure, understand, and improve the mental well-being of their employees, patients, and customers. Aiki delivers CBT and IPT therapies using a chatbot which and includes the voice analysis solution that takes in other health data from Apple and Google HealthKit to make a more accurate analysis of one’s mental health. Aiki was developed to capitalize on the trend towards artificial intelligence platforms utilized by individuals and companies to raise awareness of employees’ mental health. Cognitive Apps is developed by a team of licensed psychotherapists that makes use of vocal biomarkers to screen for early signs of mental health conditions, such as stress and depression. Aiki is available on Apple‘s App Store.

For more information on Life Clips visit www.lifeclips.com
For more information on Belfrics Global visit www.belfricsgroup.com
For more information on Cognitive Apps Software Solutions visit https://cogapps.com

Forward-Looking Statement Disclaimer
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements: (i) the initiation, timing, progress and results of the Company’s research, manufacturing and other development efforts; (ii) the Company’s ability to advance its products to successfully complete development and commercialization; (iii) the manufacturing, development, commercialization, and market acceptance of the Company’s products; (iv) the lack of sufficient funding to finance the product development and business operations; (v) competitive companies and technologies within the Company’s industry and introduction of competing products; (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the scope of protection the Company is able to establish and maintain for intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential failure to comply with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) the difficulty of predicting actions of the government and its regulations. All forward-looking statements included in this press release are made only as of the date of this press release. The Company assumes no obligation to update any written or oral forward-looking statement unless required by law.

For Media and Investor Relations, please contact:

David L. Kugelman
(866) 692-6847 Toll Free – U.S. & Canada
(404) 281-8556 Mobile and WhatsApp
[email protected]
Skype: kugsusa
https://www.linkedin.com/in/davidkugelman/

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

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Praesidiad takes High Court action against competitor and ex-employees for alleged wrongdoing

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LONDON, May 7, 2024 /PRNewswire/ — Through its subsidiary, Hesco Bastion Limited (Hesco), legal action has been commenced in the High Court in London against Dirickx Systems Limited (Dirickx) and a number of ex-employees of Hesco.  The claim involves allegations of misuse of confidential information, breach of employee’s duties of good faith, infringement of patent and copyright as well as misrepresentations to customers. 

The allegations of wrongdoing include the removal by the ex-employees, either alone or together, of commercially sensitive information, confidential to Hesco.
Hesco is seeking orders from High Court for appropriate injunctions to restrain further infringing activity, an enquiry into damages or alternatively an account of Dirickx’s profits as well as payment of its legal costs.  A High Court trial in London is expected within 12-18 months.
Dino Koutrouki, CEO, said “Whilst Praesidiad as a business welcomes legitimate competition, it is not prepared to allow the actions of former employees, placed in a position of trust and duty of good faith, to unlawfully take advantage of the foundations of our business in order compete with us.  
Hesco has a proud history as a leading innovator. For over 30 years customers have depended on us for original, high quality life safety products conceived, created and developed by us and tested independently to the highest standards. We have a duty to defend our innovation and our brand through this High Court action. Hesco intends to pursue its claims to the fullest degree, and we confidently expect the litigation process will reveal the full extent of wrongdoing of which the above is only a snapshot.”
Full details of our claim can be viewed on our website and here: Particulars_of_Infringement
Particulars_of_Claim
About Praesidiad
PRÆSIDIAD (www.praesidiad.com) owned brands Betafence and Hesco are market leaders in integrated perimeter and physical security solutions. Global Manufacturers of fencing products, defensive barriers, body armor and industrial mesh; manufacturing and supplying protection around the world.
About HESCO
Hesco (www.hesco.com) is a world leader and innovator in defence, perimeter protection and security systems, including defensive barriers, flood barriers, rapid deployment systems, safe haven bunkers and ballistic resistant body armor.
Hesco is synonymous with force protection and is recognised across its industry for its commitment to saving lives, property and the environment, whenever and wherever it is needed.
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Pudu Robotics Debuts Advanced Smart Cleaning Tech at Interclean Amsterdam

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AMSTERDAM, May 7, 2024 /PRNewswire/ — In a move that underscores its innovation in smart cleaning technology, Pudu Robotics (“PUDU”), the global leader in service robotics, is set to captivate the cleaning industry with its first appearance at the prestigious Interclean Amsterdam 2024, the largest professional cleaning trade show in the world and unsurpassed in its role as an international business networking platform for the cleaning and hygiene industry.

From May 14-17, PUDU’s booth in Hall 5 05.317 at RAI Amsterdam will serve as a beacon for innovation, inviting industry professionals to explore the new cleaning frontier, where they will have the exclusive opportunity to witness cutting-edge advancements in cleaning technology.
The spotlight of this year’s showcase is undoubtedly on the official debut of the highly anticipated and newly upgraded PUDU SH1, a smart upright scrubber dryer that is set to redefine cleaning efficiency and effectiveness. Scheduled for May 14th between 14:00-15:00, an unveiling ceremony will introduce attendees to this next-generation cleaner. This event will include insightful presentations from product experts detailing key upgrades of PUDU SH1 and an overview of new solutions provided by its counterpart, PUDU CC1.
In addition to product introductions, visitors are encouraged to engage with live demonstrations taking place at the Robot Arena throughout the exhibition days.
PUDU’s Daily Demonstration Schedule at the Robot Arena
– Tuesday, May 14: Sessions at 10:45, 12:30, 14:15, and 16:00- Wednesday, May 15: Sessions at 11:15, 13:00, 14:45, and 16:30- Thursday, May 16: Sessions at 10:15, 12:00, 13:45, 15:30 and 17:15- Friday, May 17: Session at 11:30
These sessions offer a hands-on experience with PUDU CC1 while facilitating direct interaction with specialists who can provide deeper insights into their operational capabilities and benefits.
PUDU is enthusiastic about engaging with fellow innovators and stakeholders who are keen on developing future clean environments through intelligent technology. By showcasing its technological prowess and commitment to advancing smart cleaning solutions, PUDU aims to showcase new products, foster industry connections and seek potential partnerships at Interclean Amsterdam 2024.
To learn more about the latest information on cleaning products and to gain an immersive experience, visitors can register through the following link to obtain FREE tickets from PUDU:
https://register.visitcloud.com/survey/2hdir9zqg5391?actioncode=NTWO001675WTZ&partner-contact=03bjh516im8tu 
About Pudu Robotics
Pudu Robotics, a global leader in the service robotics sector, is dedicated to enhancing human productivity and living standards through innovative robot technology. With a focus on R&D, manufacturing, and sales of service robots, Pudu Robotics holds nearly a thousand authorized patents worldwide, encompassing a wide range of core technologies. The company’s robots have been widely adopted in various industries, including dining, retail, hospitality, healthcare, entertainment, education, and manufacturing. To date, Pudu Robotics has successfully shipped over 70,000 units to a variety of markets, with a presence in more than 60 countries and regions worldwide.
For more information on business developments and updates, follow PUDU on Facebook, YouTube, LinkedIn, Twitter, and Instagram.
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Clarivate Introduces Epidemiology Intelligence™ for Precision Patient Population Analysis

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Empowering biopharma with unified epidemiology, incidence and prevalence data alongside claims-based population insights, for precise market sizing and patient population analysis
LONDON, May 7, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, today announced the launch of Epidemiology Intelligence™. The new solution combines rich insights from epidemiology, incidence and prevalence database solutions. It includes U.S. claims-based population insights to empower biopharma companies to accurately gauge market size and target patient demographics with ease.

In today’s rapidly evolving market landscape, precise forecasting is essential for biopharmaceutical companies. Yet, traditional research methods often come with limitations that can lead to inaccurate estimations and costly consequences. Epidemiology Intelligence empowers users with unique insights to address critical questions about the drug-treatable population. The solution facilitates precise assessments, identification of niche populations and accurate predictions based on population insights.
Ravindra Sharma, VP Product Management, Clarivate, said: “The launch of Epidemiology Intelligence marks a significant milestone for Clarivate in our ongoing commitment to deliver comprehensive and actionable solutions to life sciences and healthcare companies. Clients can now access comprehensive coverage of disease epidemiology paired with expert analysis, seamlessly integrated into a unified platform. The new solution enables them to deliver safe, effective and commercially successful treatments to patients faster.”
Epidemiology Intelligence accelerates data-driven decision-making across the drug development lifecycle. Clients can benchmark market forecasts, validate investments, pinpoint growth opportunities and utilize the solution to strategically position their products for success.
To learn more about Epidemiology Intelligence, visit here.
About Epidemiology Intelligence
Epidemiology Intelligence is a new, unified Clarivate patient population offering that brings together our legacy Epidemiology and Incidence and Prevalence Database solutions, as well as claims-based population insights, on a single platform. This transformative solution offers user-friendly visualizations, easy data exports and a unique breadth and depth of patient population insights. Conduct thorough market assessment with comprehensive coverage across 1200+ diseases and procedures. Dive deep into expert disease-specific epidemiology analysis and 10 and 20-year forecasts across 220 indications and over 5000 patient populations. Leverage expanded patient segmentation and location granularity with insights sourced from Clarivate U.S. Real-World Data.
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact:Catherine DanielDirector External Communications, Life Sciences & [email protected]
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