AVENTURA, FLORIDA--(Marketwired - April 20, 2017) - Life Clips, Inc. (OTCQB:LCLP) (the "Company") a designer and seller of mobile accessories, and provider of global sourcing and sales and marketing services, announced today that it has entered into a five-year contract to provide global sales and marketing to Textiss USA (Textiss) for its Crazyboxer line. Textiss is a global leader in the textile and garment industry with a specialization in the design, production, and distribution of underwear. With worldwide distribution in over 26 countries, a catalog encompassing 15 brands, and nearly 30 underwear licenses including such renowned brands as Marvel, Star Wars, Transformers, The Simpsons, DC Comics and many more. Over the five-year contract, the Company will provide worldwide multi-channel retail sales and marketing to Textiss for the following accounts: Costco, HSN, Sam's Club, Wal-Mart, Target, Nordstrom's Rack, Amazon.com, Walmart.com, Jet.com, Boxed.com, Costco.com, Samsclub.com, Target.com, Zappos.com and Nordstrom.com.
Travis Hoyt, Director of Operations for Textiss USA, said "We are very excited to be working with the team at Life Clips to help grow our brand's e-commerce distribution as well as to broaden our retail footprint across America. Life Clips, through their vast contact network and extensive knowledge of the retail environment, have a proven track record of maximizing brands' retail potential." Mr. Hoyt continued, "The Crazyboxer line is on the cutting edge of the novelty sublimated underwear market and with the support and guidance of the Life Clips sales professionals the brand will have even more momentum going into the future."
Huey Long, CEO of Life Clips, said "We are happy to be working with Textiss leveraging our team's years of experience in multi-channel sales and marketing as part of our new services offering. The Crazy Boxer brand is unique and exciting and we look forward to many years of success."
Life Clips and Textiss will have the option to extend the initial five-year term for additional periods of one-year each at the end of the Initial Term or any Renewal Term.
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 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.