Synergy and performance between the two subsidiaries will be greater than the sum of the parts

AVENTURA, Florida, September 02, 2021 (GLOBE NEWSWIRE) – Life Clips, Inc. (OTC Pink: LCLP) (the “Company & CloseCurlyDoubleQuote;”), today announced the next steps in the integration of Belfrics and software solutions from cognitive applications. Over the past week, the management of the three companies met in Dubai to set up a post-merger integration team and develop an operating model.

Belfrics Group

Belfrics Group is a global blockchain technology company that operates cryptocurrency exchanges on its proprietary platform. Life Clips’ acquisition of the Belfrics group includes Belfrics operations in Malaysia, Singapore, India, Kenya, Tanzania, Nigeria and Bahrain. With 10 operational offices in 8 countries, Belfrics’ multi-functional trading platform offers digital assets, cryptocurrencies and crypto derivative contracts to its clients. Belfrics blockchain has been recognized by Gartner as one of the top 10 blockchains in terms of actual projects and has been granted a patent for its Belrium KYC Verification System (BKVS) by the Nigerian Patent Authority.

Cognitive application software solutions

Cognitive Apps is disrupting the mental health space with its AI-powered, speech-based mental health analytics platform that enables companies to measure, understand and improve the mental well-being of their employees, patients and customers. The Cognitive Apps roadmap includes the following flows: Aiki B2C mobile apps (iOS and Android); Aiki B2B solution (iOS, Android and Web Dashboard); Data set collection applications (iOS and Android); and clinical validation applications (iOS and Android). Data set and clinical validation applications are added to the roadmap to conduct clinical study and improve mental health analysis.

Belfrics and cognitive applications work together

Currently, Belfrics distributes cognitive application software in India and Malaysia. Belfrics, which has already developed applications on its blockchain for healthcare, will work with Cognitive Apps to strengthen compliance and privacy protection in its mental health applications and will integrate the Cognitive Apps API into the Belfrics blockchain.

“The synergies between Cognitive Apps and Belfrics began even before we acquired Belfrics,” said Life Clips CEO Robert Grinberg. “We believe in the power of the Belfrics blockchain to empower and enhance many types of applications beyond healthcare and finance. Our meetings in Dubai not only highlighted the synergies between our two subsidiaries, but also showed us the vast opportunities available and the potential of Belrium and Belfrics exchanges. ”

About Us

Life Clips is the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc. Belfrics Global is a Malaysia-based blockchain provider and cryptocurrency exchange and platform that is authorized and regulated by the Labuan Financial Services Authority (LFSA) , Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-functional trading platform offers digital assets, cryptocurrencies and crypto derivative contracts to its clients. Belfrics blockchain has been recognized by Gartner as one of the top 10 blockchains in terms of actual projects and has been granted a patent for its Belrium KYC (BKVS) verification system by the Nigerian Patent Authority. Cognitive Apps is disrupting the mental health space with its AI-powered, speech-based mental health analytics platform that enables companies to measure, understand and improve the mental well-being of their employees, patients and clients. Aiki offers CBT and IPT therapies using a chatbot that includes the Yuru voice analysis solution which takes into account other health data from Apple and Google HealthKit to perform more accurate health analysis mental health of a person. Aiki was developed to capitalize on the trend of artificial intelligence platforms being used by employers to educate employees about mental health. Cognitive Applications’ Yuru is a 3-in-1 tool developed by a team of licensed psychotherapists who use voice biomarkers to screen for the early signs of mental health issues, such as stress and depression. Yuru is available on the Apple 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 application software solutions, visit https://cogapps.com

Disclaimer regarding forward-looking statements

This press release contains “forward-looking statements & CloseCurlyDoubleQuote; within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be preceded by the words “intend, & CloseCurlyDoubleQuote; “may,” “will,” “plans,” “expect” “anticipate,” “projects,” “predict,” “estimate,” “aim,” “believe,” “hope,” “potential & CloseCurlyDoubleQuote ; 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 control of the Company, and cannot be predicted or quantified and therefore cannot be predicted or quantified. actual results may differ materially from those expressed or implied by these forward-looking statements: (i) the initiation, timing, progression and results of the Company’s research, manufacturing and development efforts; (ii) the ability of the Company to advance its products to complete development and marketing; (iii) the manufacture, development, marketing and market acceptance of the Company’s products; (iv) lack of sufficient funding for finan cer product development and business operations; (v) competitive companies and technologies within the Company’s industry and the introduction of competing products; (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the extent of protection that the Company is able to establish and maintain for intellectual property rights covering its products and its ability to conduct business without infringing the intellectual property rights of others; (ix) potential non-compliance with applicable health information privacy and security laws and other federal and state privacy and security laws; and (x) the difficulty of predicting government actions and 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, except as required by law.

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