NetworkNewsBreaks – Sharing Services Global Corp
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Posted On: 02/28/2022 2:15:58 PM
NetworkNewsBreaks – Sharing Services Global Corporation (SHRG) Poised for Opportunity in Multibillion Industry
Sharing Services Global Corporation (OTCQB: SHRG), formerly Sharing Services Inc., was featured as a promising opportunity in the direct selling space in a letter to shareholders issued today by DSS Inc. (NYSE American: DSS). “One of our more exciting developments of the past year was in our direct selling segment, a $170 billion industry with high margins and net profits exploding with the shift to in-home shopping (catalyzed by the ongoing COVID-19 pandemic) and the evolution of the gig economy,” the letter issued by DSS CEO Frank D. Heuszel reads. In it, he further expands on the company’s December 2021 investment in Sharing Services Global, stating, “we gained controlling interest with nearly 60% ownership. The SHRG platform leverages the capabilities and expertise of various companies that market and sell products direct to the consumer and generated nearly $45 million in revenue in the twelve months ended September 30, 2021… With SHRG now officially part of the DSS family, we believe we are in a great position to accelerate its customer acquisition, new product development, and portfolio of offerings as we capitalize on a wealth of growth opportunities and potential synergies in this exciting, multibillion-dollar industry.”
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 Corporation (OTCQB: SHRG), formerly Sharing Services Inc., was featured as a promising opportunity in the direct selling space in a letter to shareholders issued today by DSS Inc. (NYSE American: DSS). “One of our more exciting developments of the past year was in our direct selling segment, a $170 billion industry with high margins and net profits exploding with the shift to in-home shopping (catalyzed by the ongoing COVID-19 pandemic) and the evolution of the gig economy,” the letter issued by DSS CEO Frank D. Heuszel reads. In it, he further expands on the company’s December 2021 investment in Sharing Services Global, stating, “we gained controlling interest with nearly 60% ownership. The SHRG platform leverages the capabilities and expertise of various companies that market and sell products direct to the consumer and generated nearly $45 million in revenue in the twelve months ended September 30, 2021… With SHRG now officially part of the DSS family, we believe we are in a great position to accelerate its customer acquisition, new product development, and portfolio of offerings as we capitalize on a wealth of growth opportunities and potential synergies in this exciting, multibillion-dollar industry.”
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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