PLANO, Texas, May 10, 2018 (GLOBE NEWSWIRE) --  – via NetworkWire – Sharing Services, Inc. (OTC Markets:SHRV) (“the Company”) announced it has made an investment in Direct Cellars Wine Club, which sells memberships in its wine club through the direct-selling model.

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, soon to be Germany and Australia. Along with providing wine education, the Company arranges for its wine selections from around the world to be bottled and delivered to its members each month.

As a diversified holding company, Sharing Services is constantly seeking out emerging growth companies in the direct-selling industry that have great potential in specific niche markets.

Sharing Services CEO John “JT” Thatch states, “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.”

Peter Sperling, CEO of Direct Cellars, stated, “We are very pleased with the interest Sharing Services has in our company and are appreciative of the support they've lent thus far.  We are excited to continue exploring with their management team additional opportunities to further enhance our mutually beneficial relationship.”

About Direct Cellars

Direct Cellars was founded in 2014 to deliver premium wine to individuals’ doorsteps on a monthly basis. Since its founding, the company has evolved into a wine club that delivers on the promise that premium wines don’t have to cost a fortune, making it more fun than ever to share wines with friends. To get the word out about its premium wines, Direct Cellars turned to a direct marketing model in 2016 and has over 10,000 wine-loving members sharing their exclusive wine club membership daily. The company has a community of wine enthusiasts who appreciate education, discovery, value and opportunity. “Get In. Get Wine. Get Social!” To learn more, visit www.directcellars.com.

About Sharing Service, 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. Visit http://www.SharingServicesInc.com, call 714.203.6717, or email Info@SharingServicesInc.com, to learn more.

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 31E of the Securities Exchange Act of 1934, including statements regarding the Company's expectations, hopes, beliefs, intentions, or strategies regarding the future, including the Company's.operating margin and rolling average annual growth in tangible book value per share, constitute forward-looking statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. All forward-looking statements included in this document are based on information available to the Company on the date hereof and the Company assumes no obligation to update any such forward-looking statement. Prospective investors should also consult the risks described from time to time in the Company's Reports on Forms 10-K, 10-Q and 8-K and Annual Reports to Shareholders.

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

Source: Sharing Services, Inc.

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