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Life Clips Subsidiary Belfrics Announces Over $2 Million in Revenue on Volumes of $1.5 BillionAVENTURA, Fla., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTC Pink: LCLP) (the “Company”) announced today its Belfrics subsidiary will report for the last quarter of 2021 over $2 million in revenue and total volume of $1.5 billion for its spot exchange, FX and crypto derivatives segments. In collaboration with Hybrid Solutions, a leading platform service provider in the FOREX industry, Belfrics launched its Forex and crypto derivatives trading on IOS, Android and web-trader, during the past quarter. Belfrics chose Skale to be its CRM partner providing FX and derivatives traders a simple and convenient user interface for back-office management. Belfrics’ Forex and crypto derivatives platform is fully operational and available for new registrations. Robert Grinberg, Chief Executive Officer of Life Clips, said, “Praveen and his Belfrics team have exceeded the expectations we had for spot exchange, FX and crypto derivatives segments. Belfrics is off to an impressive start as part of Life Clips, and we look forward to continuing to support their rapid growth in 2022 and beyond." Praveen Kumar, Chief Executive Officer and Founder of Belfrics, commented, "We are very pleased with the revenues we achieved and the total volume for the spot exchange and derivative segments we introduced in the last quarter of 2021. We ramped up quickly and owe a tremendous amount of gratitude to the extra hours of hard work our Belfrics team put in to make it possible. Our employees and our customers are truly our greatest asset." Mr. Kumar continued, "Our primary focus was to do things right the first time as we built out our infrastructure for the future. We will continue to enhance our systems in the current quarter, so our Belfrics users have the best possible service. We have redesigned our exchange website to include a much easier to use interface, and we are making UI (user interface) changes to the mobile applications and the web traders. We expect to have a new, enhanced UI version up and running by the 1st week of February 2022." 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 digtal 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 Yuru 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 employers to raise awareness of employees’ mental health. Cognitive Apps’ Yuru is a 3-in-1 tool 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. Yuru is available on Apple‘s App Store. For more information on Life Clips visit www.lifeclips.com Forward-Looking Statement Disclaimer For Media and Investor Relations, please contact: David L. Kugelman |