Diversified holding company Sharing Services, Inc. (OTC: SHRV) this morning announced that it has made a strategic investment in Direct Cellars Wine Club, which sells memberships in its wine club through a direct-selling model. Per the update, Direct Cellars was launched in early 2014 and has since dominated the industry by providing monthly wine memberships to thousands of customers throughout the United States, the United Kingdom and soon to be Germany and Australia. “We feel this investment provides us with an opportunity to further explore a relationship with Direct Cellars while making a reasonable rate of return with the ability to convert into an equity position,” John “JT” Thatch, CEO of Sharing Services, stated in the news release.
To view the full press release, visit http://ibn.fm/bKnvc
About Sharing Services, Inc.
Sharing Services, Inc. (SHRV) is a diversified holding company specializing in the direct selling industry. SHRV owns, operates, or controls an interest in a variety of companies that either sell products to the consumer directly through independent representatives or offers services that range from health and wellness, energy, technology, insurance services, training, media and travel benefits. For more information, visit the company’s website at www.SharingServicesInc.com
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