PLANO, Texas, May 04, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sharing Services Global Corporation (OTCQB: SHRG) (the “Company”), formerly Sharing Services Inc., announces the appointment of Chan Heng Fai Ambrose to serve on the Company’s board of directors (the “Board”) as a Class II Director to serve until the annual meeting of shareholders in 2023, or until his successor is elected and qualified. This appointment fills a vacancy created by the recently announced resignation of Kip H. Allison from the Board.
“We are pleased to have Mr. Chan join the Board and look forward to the variety and depth of experience he brings to the Board,” stated John “JT” Thatch, president/CEO and director of SHRG. “Mr. Chan is an accomplished global business leader with over 40 years of experience specializing in financial restructuring and corporate transformation of emerging growth businesses, including over 35 businesses in several industries.”
“I am honored to join the Board of Sharing Services. I have been following the Company for several months and have been very pleased with the management and how the Company has retired debt while excelled in sales growth. I look forward to bringing my resources to the Board and assisting the Company however I can,” stated Mr. Chan.
Additional information is contained in the Company’s 10-Q and 10-K filings with the Securities and Exchange Commission.
About Sharing Services Global Corporation
Sharing Services Global Corporation (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 divisions include Elevacity Global, LLC (a product sourcing and supply company) and Elepreneur, 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.
The statements contained in this press release that 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 risks 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.
Sharing Services Global Corporation
(469) 304-9400 Ext 201