Sharing Services Global Corporation (SHRV) Announces its New Company Trading Symbol ‘SHRG’ to Reflect its Recent Name Change
PLANO, Texas, April 04, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sharing Services Global Corporation (OTCQB: SHRG) (“the Company”), a diversified holding company specializing in the direct selling industry, today announces the Financial Industry Regulatory Authority (“FINRA”) has approved a change in the Company’s ticker symbol to “SHRG,” effective on the opening of trading as of April 4, 2019. The new trading symbol of “SHRG” coincides with the Company’s recent name change to Sharing Services Global Corporation (formerly Sharing Services Inc.) to better reflect its international growth strategy.
Additionally, in connection with the name and symbol change, a new CUSIP number (CUSIP: 819536103) was assigned to the Company’s Common Stock.
"We are pleased to have our trading symbol changed to better reflect our new name, which more closely aligns with our mission to expand globally,” stated John “JT” Thatch, CEO of Sharing Services. “Since our launch into the marketplace almost a year ago, product sales for our incredible health and wellness division of Elevacity Global have dramatically increased and continue to grow. Our third-quarter results represent yet another significant milestone as we exceed our goals at a record-breaking pace and execute our mission to change the direct-selling industry with best-in-class products and services under our unique ‘Blue Ocean Strategy.’”
The Company intends to continue to grow its business by making strategic acquisitions of businesses and technologies that augment its product portfolio, complement its business competencies and fit its overall growth strategy. This includes growing the business both organically and by making acquisitions inside or outside the United States. The Company believes there are excellent growth opportunities outside the United States, including in Canada, Mexico, Europe and Asia. The Board of Directors believed that it was in the best interest of the Company and its stockholders to change the name of the Corporation to more closely reflect this strategic direction and these business goals.
The new name and stock symbol now reflect the "Corporate Brand" of the business and the Company’s identity in the direct selling industry.
- New Name: Sharing Services Global Corporation
- New CUSIP: 819536103
- New Symbol: SHRG
- New Company Domain: www.SHRGinc.com
- Market Effective Date: April 4, 2019
About Sharing Services Global Corporation
Sharing Services Global Corporation (OTCQB: SHRG), formerly Sharing Services Inc., is a diversified holding company that is a publicly traded dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies in the direct selling industry. SHRG and its subsidiaries have built a diversified portfolio in the direct selling industry. SHRG owns, operates or controls an interest in a variety of companies specializing in the direct selling industry and is reshaping how modern entrepreneurs succeed in a new and vibrant world market. The Sharing Services’ combined platform leverages capabilities and expertise of various companies that either sell products direct to the consumer through independent representatives or offer services that range from travel benefits to health and wellness, energy, technology, insurance services, training and media. Most importantly, a commitment to conduct business with a high level of integrity, respect, and dedication which allows the organization to make a difference in the lives of their representatives, customers, employees, investors and global community. Two of its primary divisions include Elevacity Global, LLC and Elepreneur, LLC. For more information, visit www.SHRGinc.com, www.Elevacity.com or www.Elepreneur.com.
Forward Looking Statements
The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 31E of the Securities Exchange Act of 1934, including statements regarding the Company's expectations, hopes, beliefs, intentions, or strategies regarding the future, including the Company's operating margin and rolling average annual growth in tangible book value per share, constitute forward-looking statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. All forward-looking statements included in this document are based on information available to the Company on the date hereof and the Company assumes no obligation to update any such forward-looking statement. Prospective investors should also consult the risks described from time to time in the Company's Reports on Forms 10-K, 10-Q and 8-K and Annual Reports to Shareholders.
Contact:
Sharing Services Global Corporation
Investor Relations
(469) 304-9400 Ext 201
Info@SHRVinc.com
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