- The direct-selling industry reached record numbers last year, continuing its consistent growth
- SHRG’s global expansion plan includes strategic steps to align with its mission
- The company has reported record-breaking growth in sales and Elepreneur numbers
In a global industry that reached $192.9 billion last year and saw a year-over-year increase of 1.5 percent from 2017 (http://nnw.fm/HQK0c), Sharing Services Global Corporation (OTCQB: SHRG) is ideally poised to benefit from a growing worldwide interest in direct sales.
SHRG has seen consistent record-breaking success as it has engineered a strategic paradigm shift in home-based entrepreneurship. With global expansion in mind, the company officially changed its name earlier this year from Sharing Services Inc. to Sharing Services Global Corporation (http://nnw.fm/9Iqj0), a move that was closely followed by a ticker symbol change as well.
“We are pleased to have our trading symbol changed to better reflect our new name, which more closely aligns with our mission to expand globally,” Sharing Services CEO John “JT” Thatch stated in a news release (http://nnw.fm/5OYYl). At the time, company leaders shared a strategic plan to grow the business both organically and through acquisitions inside or outside the United States, noting that they saw excellent growth opportunities in Canada, Mexico, Europe and Asia.
Shortly afterward, the company, through wholly owned subsidiary Elepreneur LLC, announced plans to hold its first event in Canada since detailing its global expansion strategy (http://nnw.fm/v2a5Y). The meeting was held in Ottawa, Ontario, May 3-4. “We are pleased to enter the Canadian market and share our great products while continuing to create our ’Blue Ocean Strategy’ in other countries outside the U.S.,” added Thatch. “This is a very exciting time for our company and its great team of Elepreneurs.”
As apparent proof that the company is on the right road, SHRG has consistently reported increasing sales numbers since its wholly owned subsidiary, Elevacity Global LLC, released a line of health and wellness products in December 2017. Sales for its most recent fiscal year totaled $85.9 million, marking a nine-fold increase from its $8.4 million total from the year before (http://nnw.fm/H3rwX).
In addition to the new product line, Thatch credits the financial success of the company in large part to its independent representatives, or Elepreneurs. Following a modern direct-selling model that focuses on achieving healthy minds and bodies, happiness in quality of life and wealth accumulation, SHRG’s Elepreneurs are enthusiastically sharing the company’s mission, opportunity and products. Tens of thousands of Elepreneurs have elected to join the company, and that number continues to increase each month.
Sharing Services Global Corporation owns, operates or controls an interest in a variety of companies specializing in the strong direct-sales space and is focused on reshaping how entrepreneurs build their businesses in today’s modern world. SHRG leverages the capabilities and expertise of companies that sell products direct to the consumer through independent representatives, called Elepreneurs.
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
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.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com