Sharing Services Global Corporation (OTCQB: SHRG) and DSS Inc. (NYSE American: DSS) recently announced the distribution date for the common stock of Sharing Services that is beneficially held by DSS directly and through its subsidiary, Decentralized Sharing Systems Inc. (“DSSI”). According to the announcement, each share of DSS common stock outstanding as of 5 p.m. ET held on April 28, 2023, entitled the holder to receive two SHRG common stock shares distributed on May 4, 2023. As a result, DSS and DSSI hold an approximate 7% ownership interest in Sharing Services Global Corporation.
DSS, a multinational company operating nine business divisions through strategic acquisitions and development to build shareholder value through periodic spinoffs, today announced its financial results for the first quarter 2023. “We are very pleased by the company’s progress in substantially reducing our operating costs and continuing to optimize our businesses towards profitability,” said Todd Macko, CFO of DSS. “Our Premier Packaging division had a stellar quarter in booking a 72% increase in revenues in the first quarter compared to the first quarter of 2022 as a result of our capital investments completed over the past year.”
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About Sharing Services Global Corporation
Sharing Services is a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies in the direct-selling sector and other industries. Sharing Services’ combined platform currently leverages the capabilities and expertise of various companies that market and sell products direct to the consumer through independent contractors. For more information, visit www.SHRGInc.com.
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