- SHRG announced record revenues for the first quarter of 2019, with numbers totaling $35.4 million for the three-month period
- The company’s cumulative sales since the release of its exclusive product line has reached an unprecedented $129 million
- Sharing Services is focused on efforts to support, sustain and increase success and industry growth
A diversified holding company, Sharing Services Global Corporation (OTCQB: SHRG) owns, operates or controls an interest in an array of companies specializing in the direct-selling industry. The company recently announced record Q1 revenues, with numbers totaling $35.4 million for its fiscal first quarter ended July 31, 2019 — more than double the revenue numbers of $12.9 million posted in the comparable quarter of 2018 (http://nnw.fm/zMbX9). In addition, the company reported cumulative sales of more than $129 million since its milestone launch of products in December 2017.
These numbers set yet another record for SHRG, which has consistently posted increasing numbers since it released proprietary products through Elepreneurs LLC and Elevacity Global LLC subsidiaries. The company’s products fall into three main categories: anti-aging skin care, functional beverages and natural supplements (http://nnw.fm/arqQ7), and each product is designed around Elevacity’s proprietary DOSE formulation, which is based on four hormones that promote well-being and ultimately enhance happiness.
Those four hormones are dopamine, a neurotransmitter responsible for numerous functions, including memory, sleep, mood, pleasurable reward, behavior and cognition; oxytocin, a unique chemical created by the body that enhances feelings of love; serotonin, which is made from the essential amino acid tryptophan and sends signals between nerve cells; and endorphins, which are known as the body’s natural opioids and can help a person feel happy and relaxed.
“Product sales for our incredible health and wellness products of Elevacity Global were strong from the beginning and have since dramatically and consistently increased,” SHRG CEO John “JT” Thatch stated in a news release. “Our Q1 revenues demonstrate that our Blue Ocean Strategy has taken root and continues to grow in the direct-selling marketplace. We attribute this success to our incredible staff and highly talented independent distributors, which we call Elepreneurs.”
SHRG is focusing on efforts to support, sustain, and increase the success the company has seen in the past two years. Those efforts include establishing a new corporate headquarters to accommodate growth as well as bringing onboard experienced, professional industry talent.
At the company’s August 29 board meeting, SHRG shareholders elected previously announced board members Thatch, Keith R. Halls, and Kip H. Allison. SHRG CEO Thatch was elected as a board member through the company’s annual meeting in 2022, Allison was elected through the 2021 annual meeting, and Halls was elected through the annual meeting of 2020 (http://nnw.fm/Y9ONV). In September, Sharing Services made two key appointments to its management team: Garrett McGrath as chief impact officer and Sylvia McGrath as chief experience officer for Elepreneurs (http://nnw.fm/4BdcM).
Sharing Services is 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 Holdings LLC (a product-sourcing and supply company) and Elepreneurs Holdings LLC (a sales and marketing company based on utilization of independent contractors as the sales force).
For more information, visit the company’s website at www.SHRGInc.com
NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://nnw.fm/SHRG
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