Sharing Services Global Corporation (SHRG) Featured by Transformation Capital

Rhea-AI Summary

Sharing Services Global Corporation (OTCQB: SHRG) has been recognized as one of the fastest-growing small-cap companies in the health and wellness direct-selling industry, according to an industry report by Transformation Capital. The report highlights the company's robust performance during the pandemic, with a market capitalization-weighted index of direct-selling companies showing a 56% increase since March 1, 2020, outperforming the Dow Jones Industrial Average. The company operates two subsidiaries: Elepreneurs U.S., LLC, and Elevacity® U.S., LLC.

Positive

• Featured as a top small-cap growth company by Transformation Capital.
• Significant performance during the pandemic, contributing to the company's resilience.

Negative

• None.

PLANO, Texas, Oct. 08, 2020 (GLOBE NEWSWIRE) -- via NetworkWire -- Sharing Services Global Corporation (OTCQB: SHRG) (the “Company”), formerly Sharing Services Inc., a diversified company specializing in the health and wellness direct-selling industry, announces the Company is featured in a recent industry report (https://nnw.fm/XhXSO) by Transformation Capital, an investment banking and business development firm.

Listed by Transformation Capital as one of the fastest-growing small-cap companies in the space, Sharing Services Global Corporation (OTCQB: SHRG) operates two primary subsidiaries: Elepreneurs U.S., LLC, a direct-selling company, and Elevacity® U.S., LLC, a products company. In the report, Transformation Capital notes that Sharing Services Global continues an impressive run during the challenging pandemic environment.

The report looks at the TDSI, or a market capitalization-weighted index of all U.S. publicly traded, direct-selling companies with valuations of more than $25 million. The index started tracking data beginning March 1, 2020, and now stands 56% above the initial end-of-February level, significantly outperforming the Dow Jones Industrial Average.

NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://nnw.fm/SHRG.

About Sharing Services Global Corporation
Sharing Services Global Corporation (OTCQB: SHRG), formerly Sharing Services Inc., is a publicly traded diversified company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies in the direct selling industry. The Sharing Services combined platform leverages the capabilities and expertise of various companies that market and sell products direct to the consumer through independent contractors. Two of its primary subsidiaries include Elevacity® U.S., LLC (a product sourcing and supply company) and Elepreneurs U.S., LLC (a sales and marketing company based on utilization of independent contractors as the sales force). For more information, visit www.SHRGinc.com, www.Elevacity.com or www.Elepreneur.com.

Additional information is contained in the Company’s 10-Q and 10-K filings with the Securities and Exchange Commission.

Forward-Looking Statements
The statements contained in this press release, those which are not purely historical or which depend upon future events, may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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 press release 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 risk factors 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 Global Corporation
Investor Relations
(469) 304-9400 Ext 201
Info@SHRGinc.com

Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com

FAQ

What is the latest news about Sharing Services Global Corporation (SHRG)?

Sharing Services Global Corporation has been featured in a report by Transformation Capital, highlighting its growth in the direct-selling industry.

How has SHRG performed during the pandemic according to Transformation Capital?

Transformation Capital noted that SHRG has continued an impressive performance during the difficult pandemic environment.

What are the primary subsidiaries of Sharing Services Global Corporation?

The primary subsidiaries of SHRG are Elepreneurs U.S., LLC and Elevacity® U.S., LLC.

How does the TDSI index relate to SHRG?

The TDSI index, tracking direct-selling companies, indicates that SHRG has significantly outperformed the broader market, showing a 56% increase.