NetworkNewsBreaks – Sharing Services Inc. (SHRG) Reports Ninefold Increase in FY2019 Revenues, Continues Record Trend
Jul 11, 2019
Sharing Services Global Corporation (OTCQB: SHRG), formerly Sharing Services Inc., today announced revenues of $85.9 million for the fiscal year ended April 2019, which represents a ninefold increase of approximately $77.5 million compared to $8.4 million fiscal year 2018 revenues. Per the update, this fiscal year sets yet another record for the company that has now reported over $94 million in cumulative sales revenues since the December 2017 launch of products through its Elepreneurs, LLC and Elevacity Global, LLC subsidiaries. “Over the last 16 months, our product sales for the health and wellness products of Elevacity Global have dramatically and consistently increased,” SHRG CEO John “JT” Thatch stated in the news release. “Our 2019 revenues are continued proof that our ‘Blue Ocean Strategy’ is being implemented and accepted in the direct selling marketplace. We continue at a record-breaking pace as our dedicated and highly talented Elepreneurs continue to execute on the mission to change the direct selling industry with best-in-class products and services.”
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About Sharing Services Global Corporation
Sharing Services Global Corporation, formerly Sharing Services Inc., is a diversified holding company that is publicly traded and dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies in the direct-selling industry. The Sharing Services combined platform leverages the capabilities and expertise of various companies that market and sell products direct to the consumer through independent contractors. Two of its primary divisions include Elevacity Global LLC (a product-sourcing and supply company) and Elepreneur LLC (a sales and marketing company based on utilization of independent contractors as the sales force). For more information, visit the company’s websites at www.SHRGinc.com, www.Elevacity.com or www.Elepreneur.com.
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