- A record-breaking year with a 36 percent jump in sales
- Growth in revenue and increase in new Elepreneurs attributed to new product launch and the company’s Blue Ocean Strategy
- Co-founder of Herbalife added to the SHRV team in anticipation of Elepreneurs 2.0 launch
Sharing Services, Inc. (OTCQB: SHRV), a diversified holdings company focused on reshaping how entrepreneurs succeed today, is experiencing substantial growth. The company is on a mission to change the direct-selling industry with best-in-class services through its unique Blue Ocean Strategy. The records SHRV are setting in 2018 suggest that it is doing just that.
The company’s results for the fiscal quarter ended July 31, 2018, showed revenues of $12.9 million, marking a 36 percent quarter-over-quarter increase. This is a record for the company and follows the launch of products from its Elepreneur and Elevacity Global subsidiaries, the creation of new corporate headquarters, the addition of experienced talent to help drive momentum and its continued commitment to the “Blue Ocean Strategy”.
The Elevacity Global health-and-wellness division launched its new products in December 2017, including the company’s bestselling D.O.S.E.-related products, Sleep and Energy Patches, Elier Mud and Timeless. Elier Mud is obtained from organic, natural moor and is an anti-aging product that purifies and infuses skin with vital nutrients. Timeless is an all-natural skin care product for men and women that helps firm and improve the elasticity of the skin. Both products were well received and contributed greatly to the increase in sales.
Over the last few months, SHRV has grown to over 10,000 independent sales representatives. A new corporate headquarters was established in Plano, Texas, in anticipation of and to accommodate growth. The new facility provides space for a growing customer service department, training rooms and video production. Currently, the company has interests in health and wellness, technology, energy, training, insurance services, media and travel benefits.
As the company continues to grow, new, experienced talent is being added to the SHRV team. Earlier this month, it was announced that Larry Thompson, co-founder of Herbalife International, will be advising the company on the impending launch of Elepreneurs 2.0.
In a news release (http://nnw.fm/szMF5), Sharing Services Chairman Robert Oblon stated, “Without a doubt, Larry Thompson represents a wealth of knowledge in terms of how to build successful companies. Through Larry’s vision and leadership, he has achieved more than $30 billion in sales during his career. In the process, Larry also helped elevate thousands of lives, possibly a few hundred thousand lives, making him one of the most respected industry strategists. As an outside business strategist, he provides our Company with unprecedented business acumen. His acumen, ability and vision will help us develop Elepreneurs into a next-generation company that embraces the assets of freedom, flexibility and other gig economy attributes in addition to the benefits associated with a direct selling/network marketing business opportunity.”
The growth that SHRV is experiencing is not by accident but instead the product of a well thought out, strategized plan, otherwise known as a Blue Ocean Strategy. Leveraging this strategy, the company elevates home-based entrepreneurs, known as “Elepreneurs,” through the utilization of direct selling channels to generate 100 percent organic growth.
For more information, visit the company’s website at www.SHRVinc.com
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