ORANGE, Calif., March 27, 2017 (GLOBE NEWSWIRE) -- Sharing Services, Inc. (OTC Markets:SHRV) announced today that it is in the final stages of forming a new company with a unique new business model that will provide travelers with vacation financing for air and hotel purchases with no credit checks.

This new division, “VacationFunding.com” will function similarly to a bank by providing vacation funding for a small fee to travelers who book the entire vacation in advance, including hotel rooms and airline tickets. Travelers must complete all payments prior to departure in order to complete their program and receive their hotel and airline tickets.

According to a recent annual Vacation Deprivation Study, conducted on behalf of Expedia, more than 375 million vacation days went used in the U.S. alone in 2015. The underlying cause for consumers not going on vacation is lack of resources to pay for their vacations, especially airfare, in advance.

Sharing Services President Jordan Brock commented, “When we offer payment programs in our group vacation offers, about 70% of travelers opt to make payments, even with an extra additional fee. Our new vacation funding program will add airfares to the equation and allow far greater numbers of families to travel and take those vacation days they deserve.”

F.A. Walters, Sharing Services treasurer added, “We believe we can become the preeminent solution for all vacationers who want or need a vacation but also need help in the form of a payment plan, and, along the way, create a significant financial return for our investors.”

Further details about Vacation Funding services will be available soon at www.VacationFunding.com.

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, brick-and-mortar travel agencies and now vacation funding. 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 http://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.

Contact:
Sharing Services, Inc.
Investor Relations
(714) 203-6717
info@sharingsevicesinc.com