PLANO, Texas, Sept. 12, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – Sharing Services, Inc. (OTCQB: SHRV) is pleased to announce it has been approved and is now trading on the OTCQB Venture Market. This up-listing from the OTC Pink Open Market tier follows another milestone in the company’s progress, where Sharing Services reported just over $4 million in gross sales for May 2018, marking the best month since launching its new health and wellness product line “Elevacity Global” last December.
“Up-listing to the OTCQB is a great step for Sharing Services as we continue to grow our business,” states CEO John “JT” Thatch. “Increased transparency and credibility will help broaden our shareholder base and provide additional exposure to the institutional investor community, ultimately contributing to shareholder value.”
May’s record sales marked a milestone for Sharing Services in 2018. In March, the Company achieved $2.4 million in gross sales, doubling its volume for February. In April, Sharing Services set another record, reporting revenue of more than $3.5 million. The Company attributes this continuing trend of record sales to its quality products, satisfied customers and the ability of its independent sales representatives, known as “Elepreneurs,” to effectively execute its “Blue Ocean Strategy.”
OTC Markets Group Inc., operator of financial markets for 10,000 U.S. and global securities, announced the approval of SHRV for trading on the OTCQB Venture Market in a recent news release (http://nnw.fm/tMEC9). U.S. investors can find current financial disclosure and real-time Level 2 quotes for SHRV on http://www.otcmarkets.com.
About Sharing Services, Inc.
Sharing Services, Inc. (OTCQB: SHRV) is a diversified holding company specializing in the direct selling industry. SHRV owns, operates, or controls an interest in a variety of companies that either sell products to the consumer directly through independent representatives or offers services that range from health and wellness, energy, technology, insurance services, training, media and travel benefits.
For more information, visit the company’s website at www.SharingServicesInc.com, call 714.203.6717, or email Info@SharingServicesInc.com
About OTC Markets Group Inc.
OTC Markets Group Inc. operates the OTCQX Best Market, the OTCQB Venture Market and the Pink Open Market for 10,000 U.S. and global securities. Through OTC Link ATS and OTC Link ECN, the company connects a diverse network of broker-dealers that provide liquidity and execution services. OTC Markets Group enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
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 as a result 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.
Company Contact:
Sharing Services, Inc.
Investor Relations
(714) 203-6717
Info@SharingSevicesInc.com
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