- SHRG
reported record sales for the fiscal year ended April 30, 2019, marking a
nine-fold increase as compared to FY2018
- CEO
says that implementation of the company’s Blue Ocean Strategy has been
accepted and the company is on a “record-breaking” pace
- SHRG
has announced global expansion plans for the remainder of 2019
Sharing Services Global Corporation (OTCQB: SHRG), since
the December 2017 launch of products through its Elepreneur LLC and Elevacity
Global LLC subsidiaries, has recorded cumulative sales of more than $94
million. SHRG CEO John ‘JT’ Thatch credits the record sales numbers to the
impressive performance of the company’s “highly talented” Elepreneurs, as they
are successfully executing on a mission to change the direct-selling industry
with best-in-class products and services (http://ibn.fm/yPNpW).
SHRG reported record sales of $85.9 million for its fiscal
year ended April 30, 2019, in its SEC 10K filing (http://ibn.fm/EbJe2). These
numbers represent a nine-fold increase, or a $77.5 million jump, from the
company’s revenues of $8.4 million in FY2018. SHRG is focused on continuing its
international expansion plans during the remainder of 2019, Thatch noted.
“Our 2019 revenues are continued proof that our Blue Ocean
Strategy is being implemented and accepted in the direct-selling marketplace,”
Thatch stated in a news release. “We continue at a record-breaking pace as our
dedicated and highly talented Elepreneurs continue to execute on the mission to
change the direct-selling industry with best-in-class products and services.”
Thatch also noted that, over the past 16 months, Elevacity
Global has consistently increased its sales of health and wellness products.
Since the product launch in late 2017, SHRG has supported its expansion program
with several initiatives, such as establishing a new corporate headquarters to
accommodate growth, adding experienced industry talent and pursuing global
expansion plans.
SHRG is a Plano, Texas-based diversified holdings company
that owns, operates or controls a variety of companies engaged in direct
selling through independent sales contractors. SHRG divisions include Elevacity
Global LLC and Elepreneur LLC.
For more information, visit the company’s website at www.SHRGInc.com
NOTE TO INVESTORS: The latest news and updates
relating to SHRG are available in the company’s newsroom athttp://ibn.fm/SHRG
About QualityStocks
QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential. We offer several ways for investors to learn more
about investing in these companies as well as find and evaluate them.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment