Sharing Services Global (OTCQB: SHRG), a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies, has inked a binding letter of intent (“LOI”) with American Wealth Mining Corporation (OTC: HIPH) to franchise the first HAPI Café location in New York City. SHRG is the master franchisor of HAPI Café in North America. According to the announcement, the companies plan to complete the transaction by the end of this month. In addition to the New York City location, American Wealth Mining anticipates opening 20 more HAPI Cafes in New York state in the next 18 months. HAPI Café is working to have more than 200 locations throughout the United States in that same time period. The HAPI Cafe format features a lifestyle café outlet designed to transform the way people eat, work and live, by providing a combination of health, fitness, work and Leisure services under one roof “The company is excited for its first HAPI Cafe location in New York,” said American Wealth Mining CEO Ryan Fishoff in the press release. “This is a milestone achievement for AWM as we are positioning the company to meet the strategic goal that we set back in August to open 20 cafes in New York State over the next 18 months. The HAPI Cafe concept is a central part of the company’s shift towards ‘wealth mining’; these locations will be centers of innovation in which customers will be exposed to the future of finTech, education, wellness, crypto, health and wealth that meet the demands of the 21st-century consumer. The cafes will be a significant revenue driver for the company, targeting to add over seven figures once our goal of 20 locations is achieved.”
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About Sharing Services Global Corporation
Sharing Services Global is a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies. The Sharing Services combined platform leverages the capabilities and expertise of various companies that market and sell products direct to the consumer. One of its primary divisions is Elevacity U.S. LLC, a sales and marketing company based on utilization of independent contractors as the sales force. For more information about the company, please visit www.SHRGInc.com.
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