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NetworkNewsBreaks – Sharing Services Inc. (SHRG) Reports Ninefold Increase in FY2019 Revenues, Continues Record Trend

Company: Sharing Services Inc. (SHRG)
Category: News

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.”

To view the full press release, visit http://nnw.fm/zJV0u

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.

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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NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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