- SHRG reported record sales for the fiscal year ended April 30, 2019, marking a nine-fold increase as compared to FY2018
- CEO says that implementation of the company’s Blue Ocean Strategy has been accepted and the company is on a “record-breaking” pace
- SHRG has announced global expansion plans for the remainder of 2019
Sharing Services Global Corporation (OTCQB: SHRG), since the December 2017 launch of products through its Elepreneur LLC and Elevacity Global LLC subsidiaries, has recorded cumulative sales of more than $94 million. SHRG CEO John ‘JT’ Thatch credits the record sales numbers to the impressive performance of the company’s “highly talented” Elepreneurs, as they are successfully executing on a mission to change the direct-selling industry with best-in-class products and services (http://nnw.fm/9sNVj).
SHRG reported record sales of $85.9 million for its fiscal year ended April 30, 2019, in its SEC 10K filing (http://nnw.fm/H3rwX). These numbers represent a nine-fold increase, or a $77.5 million jump, from the company’s revenues of $8.4 million in FY2018. SHRG is focused on continuing its international expansion plans during the remainder of 2019, Thatch noted.
“Our 2019 revenues are continued proof that our Blue Ocean Strategy is being implemented and accepted in the direct-selling marketplace,” Thatch stated in a news release. “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.”
Thatch also noted that, over the past 16 months, Elevacity Global has consistently increased its sales of health and wellness products. Since the product launch in late 2017, SHRG has supported its expansion program with several initiatives, such as establishing a new corporate headquarters to accommodate growth, adding experienced industry talent and pursuing global expansion plans.
SHRG is a Plano, Texas-based diversified holdings company that owns, operates or controls a variety of companies engaged in direct selling through independent sales contractors. SHRG divisions include Elevacity Global LLC and Elepreneur LLC.
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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