NetworkNewsBreaks – Sharing Services Global Corp
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Posted On: 04/19/2023 4:47:35 PM
NetworkNewsBreaks – Sharing Services Global Corporation (SHRG) Part of DSS Common Stock Distribution Plan
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.”
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) 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.”
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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