Wednesday, December 26, 2018

Sharing Services, Inc. (SHRV) Sets Sales Milestone for 2Q2018 with Revenues of $17.9M, Details 2019 Growth Strategy

  • SHRV has now reached cumulative sales of greater than $39 million since the December 2017 launch of products through its Elepreneur and Elevacity Global subsidiaries
  • Product sales for the health & wellness division of Elevacity Global generated significant increases; SHRV also credits growth to implementation of its ‘Blue Ocean Strategy’
  • SHRV intends to execute global expansion plans in 2019; earlier this year, it signed a joint venture agreement to sell its products in Asia
Sharing Services, Inc. (OTCQB: SHRV) reported revenues of $17.9 million for its second fiscal quarter of 2018, as compared to the company’s $12.9 million in first quarter 2018 revenue. SHRV said that its corporate record sales were driven in part by the success of Elevacity products (http://nnw.fm/1EhWu). It also said that it is supporting its pursuit of expansion by bringing on experienced talent and establishing a new corporate headquarters.
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 such as energy, technology and insurance.
In a news release (http://nnw.fm/A8gYu), John “JT” Thatch, CEO of SHRV, said, “Our second quarter results represent yet another significant milestone as we exceed our goals at a record-breaking pace and execute our mission to change the direct-selling industry with best-in-class products and services under our unique ‘Blue Ocean Strategy.’”
The Blue Ocean Strategy is a concept of marketing in an uncontested marketplace. SHRV also noted that its health-and-wellness line has been very successful and helped drive the sales gains.
The company plans to expand globally in the future. It recently signed a joint venture agreement with Hong Kong-based Health Wealth & Happiness Ltd. (HWH) to sell its products throughout Asia and expand its Elepreneur program (http://nnw.fm/k8QHN).
For more information, visit the company’s website at www.SHRVInc.com
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