Sharing Services Global (OTCQB: SHRG) and DSS Inc. (NYSE American: DSS) have announced plans to distribute to stockholders SHRG common stock that is beneficially held by DSS. The distribution will be done through DSS subsidiary, Decentralized Sharing Systems Inc. (“DSSI”). Sharing Services is a diversified direct marketing company that is in the process of uplisting to NASDAQ; DSS is a multinational company operating nine business divisions through strategic acquisitions and development to build shareholder value through periodic spinoffs. A major shareholder in Sharing Services, DSS is identifying opportunities that will support long-term growth for SHRG as well as provide long-term benefit to its shareholders. According to the announcement, DSS plans to distribute approximately 280 million shares, valued at more than $5 million at the current market value, in a distribution to holders of DSS common stock. “We look forward to having DSS shareholders as part of our shareholder base through the direct distribution of SHRG shares,” said Sharing Services Global CEO John “JT” Thatch in the press release. “We also are excited to grow the relationship with DSS and see great potential with them as we expand our distribution network and global footprint to create additional revenue and growth.”
To view the full press release, visit https://ibn.fm/gps86
About Sharing Services Global Corporation
Sharing Services Global Corporation is a publicly traded company dedicated to building shareholder value by developing or acquiring businesses, products and technologies in the direct-selling industry and other industries that augment the company’s product and services portfolio, business competencies, and geographic reach. The company’s primary growth strategy is built on focused innovation and creativity positioned to capture profitable market share of diverse business models. For more information, please visit the company’s website at www.shrginc.com
NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://ibn.fm/SHRG
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