Business
Sharing Services Global Corporation (SHRG) Announces Q3 Revenues of $32 Million, Cumulative Sales of $200 Million
Sharing Services Global Corporation (SHRG) Announces Q3 Revenues of $32 Million, Cumulative Sales of $200 Million.
About this update from Sharing Services Global Corp.
[{"type":"text","content":"\n PLANO, Texas, March 17, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Sharing Services Global Corporation (OTCQB: SHRG), formerly Sharing Services, Inc., announces fiscal third-quarter revenues of $31.6 million for the three months ended Jan. 31, 2020, an increase of 22% compared to revenues of $26.0 million reported in the comparable quarter of fiscal 2019.  “Our Q3 revenues demonstrate that our sales and support strategies are solid as we continue to grow in the direct selling industry. We attribute our success to our incredible team at our corporate offices and our independent distributors, called ‘Elepreneurs,’” stated SHRG CEO John “JT” Thatch. \"We recently launched as a presale item the new vanilla chai tea product and continue to explore new products that will benefit our Elepreneurs, loyal customers and shareholders.” This fiscal quarter remained strong through the recent holiday seasons, and the Company has now reported cumulative sales revenues of $200.3 million since the December 2017 launch of products through its Elepreneurs, LLC and Elevacity Global, LLC subsidiaries. “We will continue to evaluate expansion plans and strategies that will add to our success throughout the remainder of this year”, added Thatch. Additional information is contained in the Company’s 10-Q and 10-K filings with the Securities and Exchange Commission. About Sharing Services Global CorporationSharing 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 Holdings, LLC. (A sales & marketing company based on utilization of independent contractors as the sales force). For more information, visit www.SHRGInc.com, www.Elevacity.com or www.Elepreneur.com. Forward-Looking StatementsThe statements contai...