PLANO, Texas, April 23, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Sharing Services Global Corporation (OTCQB: SHRG) (“the Company”), formerly Sharing Services Inc., today announced its monthly March revenues of $10.4 million.
These monthly revenues continue to set records for the company after it reported $25.9 million in its 3rd quarter, which ended January 31st, 2019, and reported sales revenues of over $64 million since the December 2017 launch of products through January 31st, 2019. These revenues were all generated via its Elepreneur and Elevacity Global subsidiaries.
"We on track for a great first full year since launching our incredible health and wellness division of Elevacity Global and Elepreneurs,” stated John “JT” Thatch, CEO of Sharing Services. “March sales revenues are proof that our ’Blue Ocean Strategy’ is being well accepted in the direct selling marketplace. We look forward to closing out our year-end this month, while expanding into Canada for further growth opportunities.”
Sharing Services continues to gain traction in the direct selling industry, taking interest and/or ownership in companies that offer services ranging from health and wellness to energy, technology, insurance services, training, media and travel benefits.
Since its inception in late 2017, the Company has taken several steps to support its expansion pursuits, establishing a new corporate headquarters to accommodate growth and bringing on experienced talent to help drive momentum on a grand scale. The Company has also announced global expansion plans, which it is implementing throughout 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. SHRG and its subsidiaries have built a diversified portfolio in the direct selling industry. SHRG owns, operates or controls an interest in a variety of companies specializing in the direct selling industry and is reshaping how modern entrepreneurs succeed in a new and vibrant world market. The Sharing Services combined platform leverages the capabilities and expertise of various companies that either sell products direct to the consumer through independent representatives or offer services that range from travel benefits to health and wellness, energy, technology, insurance services, training and media. Most importantly, SHRG is committed to conducting business with a high level of integrity, respect and dedication, which allows the organization to make a difference in the lives of its representatives, customers, employees, investors and the global community. Two of its primary divisions include Elevacity Global, LLC and Elepreneur, LLC. For more information, visit www.SHRGinc.com, www.Elevacity.com or www.Elepreneur.com.
About Elepreneurs
Elepreneurs, a wholly owned subsidiary of Sharing Services, Inc. (OTCQB: SHRG), is a network marketing company that is elevating entrepreneurship opportunities for home-based independent sales representatives. Elepreneurs is on a mission to elevate health, wealth and happiness. The company helps elevate a person’s life through patented nutritional products, life-changing virtual success training, and a unique rewards program. Elepreneurs is headquartered in Plano, Texas. For general information on our products and services, please visit www.Elepreneurs.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 because 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 Global Corporation
Investor Relations
(469) 304-9400 Ext 201
Info@SHRGinc.com
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