Business
Sharing Services Global Corporation (SHRV) Announces its New Company Trading Symbol ‘SHRG’ to Reflect its Recent Name Change
Sharing Services Global Corporation (SHRV) Announces its New Company Trading Symbol ‘SHRG’ to Reflect its Recent Name Change.
About this update from Sharing Services Global Corp.
[{"type":"text","content":"\nPLANO, 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.\n 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: Sha...