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
More from NetworkNewsWire
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive instant SMS alerts, text STOCKS to 77948
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

No comments:

Post a Comment