- 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://ibn.fm/a1SDd) 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://ibn.fm/zU83E).
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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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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