Sharing Services Global (OTCQB: SHRG) has announced that Document Security Systems (NYSE American: DSS) has increased its investment in SHRG through an additional $30 million convertible promissory note. SHRG is a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies in the direct-selling industry. DSS is a multinational company, operating businesses in brand protection technology, blockchain security, direct marketing, health care, real estate and securitized digital assets. Previously DSS owned 37% of the outstanding shares of Sharing Services. DSS noted that by strengthening its investment in Sharing Services, it is showing its confidence in SHRG’s ability to be a major player in the direct-selling industry as well as providing funds to help accelerate Sharing Services’ sales, growth and international expansion. “Sharing Services is now in the expansion phase with a direct focus on the Asian markets, more specifically in countries such as South Korea, Japan, Hong Kong, China, Singapore, Taiwan, Thailand, Malaysia, and the Philippines,” said Sharing Services CEO John “JT” Thatch in the press release. “Now with the additional support and resources needed to meet the expected substantial demand, we believe Sharing Services could generate millions more in sales over the next 12 months of operations, ultimately positioning the company to potentially become a billion-dollar business.”
To view the full press release, visit https://ibn.fm/NP6UE
About Sharing Services Global Corporation
Sharing Services Global, formerly Sharing Services Inc., is a publicly traded, diversified company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies. The Sharing Services combined platform leverages the capabilities and expertise of various companies that market and sell products direct to the consumer. Its primary division includes Elevacity U.S. LLC, a sales and marketing company based on utilization of independent contractors as the sales force. For more information about the company, please visit www.SHRG.com and www.Elevacity.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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