Sharing Services Global Corporation (OTCQB: SHRG), formerly Sharing Services Inc., today announced revenues of $131.4 million for the fiscal year ended April 2020, which represents a 53% increase of approximately $45.5 million compared to fiscal year 2019 revenues of $85.9 million. “The last 12 months have been challenging but rewarding for everyone involved with our company. Not only have we demonstrated strong sales growth with our health and wellness products during some difficult times, but as a team we have positioned ourselves with talented personnel, enhanced software and additional infrastructure, which we feel will benefit us in our long-term mission,” SHRG CEO John “JT” Thatch stated in the news release. “We continue to explore new products and services that will benefit our hardworking distributors, loyal customers and valued shareholders, while looking at further expansion efforts before the end of this year.”
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About Sharing Services Global Corporation
Sharing Services Global Corporation, formerly Sharing Services Inc., is a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies in the direct-selling sector and other industries. The Sharing Services combined platform currently 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, the parent of its wholly owned subsidiary, Elevacity U.S. LLC, a health and wellness products company, and Elepreneurs Holdings LLC., the parent of its wholly owned subsidiary Elepreneurs U.S. LLC, a sales and marketing company based on utilization of independent contractor distributors who sell the Elevacity product line.
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