PLANO, 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.

"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 Info@SharingServicesInc.com.

Forward-Looking Statements
The 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 statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. All forward-looking statements included in this document are based on information available to the Company on the date hereof and the Company assumes no obligation to update any such forward-looking statement. Prospective investors should also consult the risks described from time to time in the Company's Reports on Forms 10-K, 10-Q and 8-K and Annual Reports to Shareholders.

Company Contact:
Sharing Services, Inc.
Investor Relations
(714) 203-6717
Info@SharingSevicesInc.com

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