Monday, May 21, 2018

Sharing Services, Inc. (SHRV) Drives Sales of $2.4 Million in March, Doubling Prior Month

  • Elevacity, SHRV’s new health-and-wellness division, features numerous products, including skincare for men and women and a proprietary blend of smart coffee
  • Global direct sales market is expected to reach $163.1 billion by 2020 with a CAGR of 4.9 percent
  • SHRV is pursuing international expansion, entering a joint venture agreement to market its Elepreneur brand and products in Asia
Sharing Services, Inc. (OTC: SHRV) has announced a $2.4 million record in gross sales for the month of March, doubling its total sales in February (http://nnw.fm/PvGn7). The revenue was driven by the execution of its go-to-market strategy and the debut of its Elevacity health-and-wellness division.
Elevacity focuses on life changing wellness products integrated with a rewards program. Products include the Timeless line of skincare for men and women, vitamin patches that are designed to generate energy and anti-aging Elier Mud.
SHRV is a Plano, Texas-based diversified holding company that owns, operates or controls a variety of companies engaged in direct selling through independent sales representatives. It also offers services in energy, technology and insurance markets. The company is taking steps to expand direct selling internationally. Earlier this year, it finalized a joint venture with Hong Kong-based Health Wealth & Happiness Ltd. (“HWH”) to expand the Elepreneur Brand and sell its products throughout Asia (http://nnw.fm/kQmw2).
Worldwide, direct selling is projected to reach retail sales of $163.1 billion by 2020, with a CAGR of 4.9 percent, according to an article by FinancialBuzz.com, quoting from a report by Euromonitor International Ltd. (http://nnw.fm/4XQaQ).
In a recent news release, Robert Oblon, chairman of SHRV, said, “We have exceeded our goals as we continue our record-breaking pace within direct selling, but our best-in-class products and services are proving the concept on our very unique Blue Ocean Strategy.” That is defined as a method of selling in an uncontested market space employing a number of other strategies to gain success.
For more information, visit the company’s website at www.SharingServicesInc.com
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