NetworkNewsBreaks – Sharing Services Global Corp
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Posted On: 05/16/2023 4:58:10 PM
NetworkNewsBreaks – Sharing Services Global Corporation (SHRG) Announces Official Launch Event for Hapi Travel
Sharing Services Global Corporation (OTCQB: SHRG) and DSS Inc. (NYSE American: DSS) recently announced the distribution date for the common stock of Sharing Services that is beneficially held by DSS directly and through its subsidiary, Decentralized Sharing Systems Inc. (“DSSI”). According to the announcement, each share of DSS common stock outstanding as of 5 p.m. ET held on April 28, 2023, entitled the holder to receive two SHRG common stock shares distributed on May 4, 2023. As a result, DSS and DSSI hold an approximate 7% ownership interest in Sharing Services Global Corporation.
DSS, a multinational company operating nine business divisions through strategic acquisitions and development to build shareholder value through periodic spinoffs, today announced its financial results for the first quarter 2023. “We are very pleased by the company’s progress in substantially reducing our operating costs and continuing to optimize our businesses towards profitability,” said Todd Macko, CFO of DSS. “Our Premier Packaging division had a stellar quarter in booking a 72% increase in revenues in the first quarter compared to the first quarter of 2022 as a result of our capital investments completed over the past year.”
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) and DSS Inc. (NYSE American: DSS) recently announced the distribution date for the common stock of Sharing Services that is beneficially held by DSS directly and through its subsidiary, Decentralized Sharing Systems Inc. (“DSSI”). According to the announcement, each share of DSS common stock outstanding as of 5 p.m. ET held on April 28, 2023, entitled the holder to receive two SHRG common stock shares distributed on May 4, 2023. As a result, DSS and DSSI hold an approximate 7% ownership interest in Sharing Services Global Corporation.
DSS, a multinational company operating nine business divisions through strategic acquisitions and development to build shareholder value through periodic spinoffs, today announced its financial results for the first quarter 2023. “We are very pleased by the company’s progress in substantially reducing our operating costs and continuing to optimize our businesses towards profitability,” said Todd Macko, CFO of DSS. “Our Premier Packaging division had a stellar quarter in booking a 72% increase in revenues in the first quarter compared to the first quarter of 2022 as a result of our capital investments completed over the past year.”
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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