Business
Sharing Services Global Corporation (SHRG) Announces Filing of Annual 10-K Report with Increase in FY2020 Revenues
Sharing Services Global Corporation (SHRG) Announces Filing of Annual 10-K Report with Increase in FY2020 Revenues.
About this update from Sharing Services Global Corp.
[{"type":"text","content":"\n PLANO, Texas, July 13, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sharing Services Global Corporation (OTCQB: SHRG) (“the Company”), formerly Sharing Services, Inc., announces revenues of $131.4 million for the fiscal year ended April 2020, representing a 53% increase of approximately $45.5 million compared to fiscal year 2019 revenues of $85.9 million.  This fiscal year sets yet another record for SHRG, as the Company has now reported cumulative sales revenues of over $225 million since the December 2017 launch of products through its Elepreneurs U.S., LLC and Elevacity U.S., LLC subsidiaries. \"The last 12 months have been challenging but rewarding for everyone involved with our company. Not only have we demonstrated strong sales growth with our health and wellness products during some difficult times, but as a team we have positioned ourselves with talented personnel, enhanced software and additional infrastructure, which we feel will benefit us in our long-term mission,” stated SHRG CEO John “JT” Thatch. “We continue to explore new products and services that will benefit our hardworking distributors, loyal customers and valued shareholders, while looking at further expansion efforts before the end of this year.” About Sharing Services Global Corporation Sharing Services Global Corporation (OTCQB: SHRG), formerly Sharing Services Inc., is a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies in the direct selling sector and other industries. The Sharing Services combined platform currently 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., the parent of its wholly owned subsidiary, Elevacity U.S., LLC, a health and wellness products company, and Elepreneurs Holdings, LLC., the parent of its wholly owned subsidiary, Elepreneurs U.S., LLC, a sales and marketing company based on utilization of independent contractor distributors who sell the Elevacity product line. For more information, visit www.SHRGInc.com, www.Elevacity.com or www.Elepreneur.com. Additional information is contained in t...