Diversified holding company Sharing Services, Inc. (OTC: SHRV) this morning announced that it has made a strategic investment in Direct Cellars Wine Club, which sells memberships in its wine club through a direct-selling model. Per the update, Direct Cellars was launched in early 2014 and has since dominated the industry by providing monthly wine memberships to thousands of customers throughout the United States, the United Kingdom and soon to be Germany and Australia. “We feel this investment provides us with an opportunity to further explore a relationship with Direct Cellars while making a reasonable rate of return with the ability to convert into an equity position,” John “JT” Thatch, CEO of Sharing Services, stated in the news release.
To view the full press release, visit http://nnw.fm/I6wYG
About Sharing Services, Inc.
Sharing Services, Inc. (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
More from NetworkNewsBreaks
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
New York, New York