- Strong sales helped by increasingly successful brand of health and wellness products
- Recent record-breaking month with $5.8 million in gross sales
- Revenues of $12.9 million for fiscal first quarter
Sharing Services, Inc. (OTCQB: SHRV), a Texas-based diversified holdings company focused on reshaping how entrepreneurs succeed, recently had a record-breaking month, seeing $5.8 million in gross sales in August. Unlike many small companies, Sharing Services, Inc. stands out by maintaining strong financial vitality, due in large part to its burgeoning brand of health and wellness products, Elevacity Global, LLC.
Since the launch of Elevacity Global in December 2017, the company has boasted sales revenues of over $20 million. This milestone month is the most recent success in an impressive year, with the company reporting revenues of $12.9 million for the fiscal quarter ended July 31, 2018, and $8.3 million in revenues in its annual filing for the period ended April 30, 2018. The company credits its steady growth to several factors, including its emphasis on high quality products, an increasingly satisfied and loyal customer base and its growing team of Elepreneurs (home-based entrepreneurs), who have been implementing the company’s “Blue Ocean Strategy” to achieve its mission of providing high quality products via excellent customer service experiences.
Elevacity Global was launched (http://nnw.fm/KY5p6) as a company “created to elevate the consumer’s health, wealth and happiness through patented nutritional products that are coupled with virtual success training and integrated with a unique rewards program.” Elevacity Global features products such as “Smart Coffee” (a weight loss, instant coffee), “Sound Sleep” (a sleep aid patch with all natural ingredients), dietary antioxidants, “Timeless” skincare, Ketogenic coffee creamer and more.
The company has been focused on expanding its growth through direct selling, either selling products to consumers through independent representatives or offering services ranging from health and wellness to energy and technology, among others. The direct selling industry saw its second highest year on record in 2016, when the industry brought in $35.54 billion. That same year saw a record 20.5 million people involved in direct selling (http://nnw.fm/cA5gA). The company itself has grown by 10,000 independent sales representatives over the past few months and anticipates more growth in that regard.
This ambitious company looks forward to continuing its momentum and achieving new milestones in the months to come. Sharing Services, Inc. plans to intertwine Elepreneurs with the Sharing Services brand to create synergy within the business.
For more information, visit the company’s website at www.SHRVinc.com
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