Business
Sharing Services Global Corporation (SHRG) Announces Filing of 10-K, Reports 9x Increase in FY2019 Revenues
Sharing Services Global Corporation (SHRG) Announces Filing of 10-K, Reports 9x Increase in FY2019 Revenues.
About this update from Sharing Services Global Corp.
[{"type":"text","content":"\nPLANO, Texas, July 11, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sharing Services Global Corporation (OTCQB: SHRG) (“the Company”), formerly Sharing Services Inc., announces revenues of $85.9 million for the fiscal year ended April 2019, representing a ninefold increase of approximately $77.5 million compared to fiscal year 2018 revenues of $8.4 million. \n This fiscal year sets yet another record for SHRG, as the Company has now reported cumulative sales revenues of over $94 million 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,” stated SHRG CEO John “JT” Thatch. “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.” Since its product launch in late 2017, SHRG has taken several steps to support its expansion pursuits, establishing a new corporate headquarters to accommodate growth and bringing on experienced industry talent to help drive momentum on a grand scale. The Company has announced global expansion plans, which it is currently implementing and will continue to do throughout the remainder of 2019. Additional information is contained in the Company’s 10-Q and 10-K filings with the Securities and Exchange Commission. About Sharing Services Global Corporation Sharing Services Global Corporation (OTCQB: SHRG), 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 Holdings, LLC (a product sourcing and supply company) and Elepreneurs ...