Wednesday, October 24, 2018

Sharing Services, Inc. (SHRV) Sees Significant Increase in Sales in 2018

  • The sustainable financial growth that Sharing Services marked at the beginning of 2018 continued through the summer months
  • Steady increase in both sales volume and assets reported
  • The growth was accomplished through the execution of a strategic growth plan aimed at expanding Sharing Services’ range of products
Diversified holding company Sharing Services, Inc. (OTCQB: SHRV) has seen a significant rise in sales over the past three quarters. As of July 2018, the company’s sales volume has reached $12.93 million, up from $7.43 million in April and $960,000 in January 2018, according to Securities and Exchange Commission-filed financials (http://nnw.fm/4fHHR).
The company’s performance has been stable, with sales not being the only metric registering steady growth. Over the past three quarters, Sharing Services also registered a rise in assets. From $78,000 in October 2017, the figure reached $2.98 million in April 2018 and $4.05 million in July 2018.
The fiscal first quarter of 2018 marked the start of the positive trend for the company. Revenue over the fiscal first quarter reached $12.9 million, a significant increase from $8.3 million over the same period of last year (http://nnw.fm/iQky4).
This quarterly performance sets a record for Sharing Services. Since the December 2017 launch of company products through subsidiaries Elevacity Global and Elepreneur, SHRV has reported sales revenue of over $20 million.
Sharing Services CEO John Thatch stated that the company is continuously exceeding its goals as it executes its mission to change the direct-selling industry through the provision of high-quality products and services under its unique “Blue Ocean Strategy.”
Since its establishment in 2017, Sharing Services has been pursuing expansion in a couple of distinctive ways. New corporate headquarters were established to accommodate the rapid growth. Experienced talent was also brought on board to guide the strategic efforts.
At the beginning of October 2018, Sharing Services announced that marketing industry icon Larry Thompson has joined the team as the company’s new business strategist (http://nnw.fm/I0NbA). Thompson has over 50 years of experience in the direct selling/marketing fields. His mission has always been to focus on direct selling principles that enable ordinary individuals to work toward achieving both their short-term and long-term financial goals.
The Wall Street Journal described Thompson as the ‘Architect of Wealth Building’. Over the course of his career, he has been responsible for achieving more than $30 billion in sales for various companies.
Thompson will be providing strategic guidance on the launch of Elepreneurs 2.0, expected in November 2018. Elepreneurs is a wholly owned Sharing Services subsidiary. The network marketing company provides innovative entrepreneurship opportunities for home-based and independent sales representatives. It markets several brands exclusively under one unified compensation plan. These brands currently include Medical Smart Card, Elevacity Global, Hooray Health, LEH Insurance Company, Four Oceans Explorer, Total Travel Media, LD Legacy and Imagine University.
Sharing Services is a holding company that specializes in the direct selling field. It owns and controls an interest in various businesses that either sell products directly or work through independent representatives. The company provides a wide range of services that includes healthcare, insurance, wellness, travel, media, energy, technology and insurance products.
For more information, visit the company’s website at www.SHRVinc.com
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