GlobeNewswire Inc | Feb 9, 2021 08:30AM EST

February 09, 2021

AVENTURA, Fla., Feb. 09, 2021 (GLOBE NEWSWIRE) -- LifeClips, Inc. (OTC Pink: LCLP) (the Company), announced today that Robert Grinberg has been named the company's President and CEO. He will succeed Victoria Rudman who will continue in the role of Chief Financial Officer.

Robert Grinberg is a seasoned entrepreneur with interests in numerous enterprises. For thepast 20 years he has been a private investor in public companies through his family office. He currently serves on the Board of Directors of Stemtech Corporation, a Florida based nutritioncompany, and is a founder of Kaya Holdings, Inc., a Jamaica based cannabis company. Prior tomanaging his personal investments, Mr. Grinberg operated his own brokerage firm, ProgramTrading Corp.

Robert Grinberg, CEO of LifeClips, said, "I became an investor in LifeClips 5 years ago, itsbeen a long road to success. The company needs leadership and direction to have a fightingchance, and I am excited to provide my expertise for this venture. I consider myself a value added investor, and I would like to bring a sustainable infrastructure that can translate that value to all the shareholders. This means I am not only an investor, but I utilize the resources I have tounlock value from public companies through the implementation of financial, operational andgovernance initiatives." Mr. Grinberg continued, "Just like every other Life Clips shareholder, Ihave invested my own money, which is why I have taken it upon myself to accept the positionand responsibility as the Chief Executive Officer. In this role, my number one priority will be toattempt to make LifeClips a financial success for all of our shareholders."

Victoria Rudman, Chief Financial Officer of LifeClips said, Robert Grinberg is a great addition to our company. He is a leader who is focused on delivering great outcomes for customers,employees, communities, and shareholders and we look forward to the new ideas he will bringto LifeClips.

Visit our corporate website at www.lifeclips.com.

Forward-Looking Statement DisclaimerThis press release contains forward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995. Such statements may be preceded by the wordsintends, 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 andconsequently, actual results may differ materially from those expressed or implied by suchforward-looking statements: (i) the initiation, timing, progress and results of the Companysresearch, manufacturing and other development efforts; (ii) the Companys ability to advance itsproducts to successfully complete development and commercialization; (iii) the manufacturing,development, commercialization, and market acceptance of the Companys products; (iv) thelack of sufficient funding to finance the product development and business operations; (v)competitive companies and technologies within the Companys industry and introduction ofcompeting products; (vi) the Companys ability to establish and maintain corporatecollaborations; (vii) loss of key management personnel; (viii) the scope of protection theCompany is able to establish and maintain for intellectual property rights covering its productsand 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 andother state and federal privacy and security laws; and (x) the difficulty of predicting actions ofthe government and its regulations. All forward-looking statements included in this press releaseare made only as of the date of this press release. The Company assumes no obligation toupdate any written or oral forward-looking statement unless required by law.

Contact: LifeClips, Inc.

Investor Relations: (623) 261-9046

Email: erelationsgroup@gmail.com