Business
Sharing Services Global Corporation (SHRG) Announces Record Q1 Revenues, Cumulative Sales of $129M
Sharing Services Global Corporation (SHRG) Announces Record Q1 Revenues, Cumulative Sales of $129M.
About this update from Sharing Services Global Corp.
[{"type":"text","content":"\n PLANO, Texas, Oct. 15, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sharing Services Global Corporation (OTCQB: SHRG), formerly Sharing Services Inc., announces revenues of $35.4 million for its fiscal first quarter ended July 31, 2019, more than double revenues of $12.9 million reported in the comparable quarter of 2018.  This fiscal quarter sets yet another record for SHRG, as the Company has now reported cumulative sales revenues of over $129 million since the December 2017 launch of products through its Elepreneurs, LLC and Elevacity Global, LLC subsidiaries. \"Product sales for our incredible health and wellness products of Elevacity Global were strong from the beginning and have since dramatically and consistently increased,” stated SHRG CEO John “JT” Thatch. “Our Q1 revenues demonstrate that our ‘Blue Ocean Strategy’ has taken root and continues to grow in the direct selling marketplace. We attribute this success to our incredible staff and highly talented independent distributors, which we call ‘Elepreneurs.’” 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 Holdings, LLC. (A sales & marketing company based on utilization of independent contractors as the sales force). For more i...