ORANGE, Calif., March 08, 2017 (GLOBE NEWSWIRE) -- SHARING SERVICES, INC. (OTC Markets:SHRV) announced today that it has transformed into a diversified travel holdings company in order to capitalize on the multi-trillion-dollar global travel and tourism industry.
As a public company, Sharing Services is poised to capitalize on the immense opportunities within the global travel and leisure industry. According to the World Travel & Tourism Council, global travel and tourism sales grew for the sixth consecutive year in 2015 to a total of $7.2 trillion. The Company is embarking on a multi-pronged diversification strategy that includes bundling a ride sharing App with its travel members, acquiring existing brick-and-mortar travel agencies, using next-generation meta search technology to help newly-acquired firms rapidly expand their book of business, and building top-line revenues by offering consumers deep discounts to the most popular vacation destinations worldwide.
Sharing Services President and CEO Jordan Brock stated, “We are excited to start our journey toward creating a diversified travel holdings company. Our management team offers over 50 combined years of relevant business development, travel and technology experience. Our goal at Sharing Services is not only to participate in the $7-plus trillion travel industry, but to transform it. We look forward to announcing several new product launches, including a ground-breaking mobile application, and other key corporate developments, throughout 2017.”
About Sharing Services, Inc.
Sharing Services, Inc. is a diversified travel holdings company specializing in ride sharing, mobile applications, 4.0 meta-search technologies, relationship marketing, group travel programs, and brick-and-mortar travel agencies. The Company’s direct-to-consumer online travel agent (OTA) platform delivers unprecedented access to many of today’s most popular travel destinations, and all with savings of up to 30% and 80% off published rates. Visit https://www.sharingservicesinc.com, call 714.203.6717, or email info@sharingservicesinc.com, to learn more. Find us on Facebook.
Precautionary and Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's disclosures or filings with the SEC.