NetworkNewsBreaks – Sharing Services Global Corp
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Posted On: 03/01/2021 3:39:00 PM
NetworkNewsBreaks – Sharing Services Global Corporation (SHRG) Announces Additional $30M Investment from Document Security Systems Inc. (NYSE American: DSS)
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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