Business
Sharing Services, Inc. Sets Monthly Sales Record on Strong Performance of Elevacity Brand
Sharing Services, Inc. Sets Monthly Sales Record on Strong Performance of Elevacity Brand.
About this update from Sharing Services Global Corp.
[{"type":"text","content":"\nPLANO, Texas, Oct. 31, 2018 (GLOBE NEWSWIRE) -- via NetworkWire -- Sharing Services, Inc. (OTCQB: SHRV) (“the Company”) today reports another record-breaking month with $5.8 million in gross sales for August 2018. This reflects a broader growth pattern primarily driven by the Company’s “Elevacity” health and wellness product line, which launched December 2017.  Sharing Services reported revenues of $12.9 million for the fiscal first-quarter ended July  31, 2018, and $8.3 million in revenues in its annual filing for the period ended April 30, 2018.\n \"We are very pleased with our increased sales as we continue to grow the company. I have to  give the majority of the credit to our amazing Elepreneurs and their hard work. We continue to add great talent to an extremely talented executive management team to support this incredible growth and look forward to closing out 2018 with record sales,”  states Sharing Services CEO John “JT” Thatch. The Company attributes its performance to quality products; a growing number of satisfied customers; and the ability of its independent sales representatives, known as “Elepreneurs,” to effectively execute its “Blue Ocean Strategy” for consistent and rapid growth. About Sharing Services, Inc.Sharing Services, Inc. is a diversified holding company specializing in the direct selling industry. SHRV owns, operates or controls an interest in a variety of companies that either sell products to the consumer directly through independent representatives or offer services that range from health and wellness, energy, technology, insurance services, training, media and travel benefits. Visit http://www.SharingServicesInc.com, call 714.203.6717, or email [email protected]. Forward-Looking StatementsThe statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 31E of the Securities Exchange Act of 1934, including statements regarding the Company's expectations, hopes, beliefs, intentions, or strategies regarding the future, including the Company's operating margin and rolling average annual growth in tangible book value per share, constitute forward-looking state...