PLANO, Texas, March 05, 2018 (GLOBE NEWSWIRE) -- On March 1st 2018, after the conclusion of their annual shareholder meeting, the Board of Sharing Services, Inc. (OTC Markets:SHRV) appointed John "JT" Thatch as President and Chief Executive Officer of the Company, effective immediately.
"The Company is pleased to announce its new CEO, John 'JT' Thatch. Mr. Thatch has the business acumen, vast experience, background and understanding in this sector that we need as we continue and increase our rapid pace of growth,” stated Robert Oblon, Chairman of the Board. “His experience with corporate growth, acquisitions, financing and negotiation in a fast paced and flexible environment will assist us tremendously this coming year as our company expands and revenues increase.”
Mr. Oblon also stated, “Jordan Brock, who has successfully managed the company until now as CEO through its initial stages of growth, will remain with the company in the capacity of Vice President and will have an active roll through the transition before heading up a new development sector of the company soon to be announced.”
Mr. Thatch has successfully started, owned and operated several sized businesses in various industries. Mr. Thatch successfully merged a technology company into a company that was a publicly traded entity and became CEO of the company for over five years, which currently trades on the NASDAQ stock exchange under name CUI Global. He has also worked in the public sector serving as a consultant to other public companies advising their Board of Directors on growth strategies and organizational structure. For the past 10 years, Mr. Thatch has worked in the private sector as a CEO of both an educational company and a wine and spirits wholesale distributor.
“I am honored to be named CEO of Sharing Services and feel privileged to work with a group of professionals so dedicated to making this company successful. I believe Jordan has done a terrific job thus far as CEO. I would like to thank him and look forward to working with him and the rest of the executive team to take us to the next level,” stated Mr. Thatch. “We have plans to expand our markets rapidly and increase our revenues dramatically to bring profitability and shareholder value to this company,” added Thatch.
About Sharing Services, Inc.
Sharing Services, Inc. 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 manufacturing, processing, training, and travel benefits.
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.
Sharing Services, Inc.
Source:Sharing Services, Inc.