- The
direct-selling industry reached record numbers last year, continuing its
consistent growth
- SHRG’s
global expansion plan includes strategic steps to align with its mission
- The
company has reported record-breaking growth in sales and Elepreneur
numbers
In a global industry that reached $192.9 billion last year
and saw a year-over-year increase of 1.5 percent from 2017 (http://ibn.fm/ypRTN), Sharing
Services Global Corporation (OTCQB: SHRG) is ideally poised to benefit
from a growing worldwide interest in direct sales.
SHRG has seen consistent record-breaking success as it has
engineered a strategic paradigm shift in home-based entrepreneurship. With
global expansion in mind, the company officially changed its name earlier this
year from Sharing Services Inc. to Sharing Services Global Corporation (http://ibn.fm/Rzzx5), a move
that was closely followed by a ticker symbol change as well.
“We are pleased to have our trading symbol changed to better
reflect our new name, which more closely aligns with our mission to expand
globally,” Sharing Services CEO John “JT” Thatch stated in a news
release (http://ibn.fm/8mb8U). At
the time, company leaders shared a strategic plan to grow the business both
organically and through acquisitions inside or outside the United States,
noting that they saw excellent growth opportunities in Canada, Mexico, Europe
and Asia.
Shortly afterward, the company, through wholly owned
subsidiary Elepreneur LLC, announced plans to hold its first event in Canada
since detailing its global expansion strategy (http://ibn.fm/Umyzy). The
meeting was held in Ottawa, Ontario, May 3-4. “We are pleased to enter the
Canadian market and share our great products while continuing to create our
’Blue Ocean Strategy’ in other countries outside the U.S.,” added Thatch. “This
is a very exciting time for our company and its great team of Elepreneurs.”
As apparent proof that the company is on the right road,
SHRG has consistently reported increasing sales numbers since its wholly owned
subsidiary, Elevacity Global LLC, released a line of health and wellness
products in December 2017. Sales for its most recent fiscal year totaled $85.9
million, marking a nine-fold increase from its $8.4 million total from the year
before (http://ibn.fm/50ess).
In addition to the new product line, Thatch credits the
financial success of the company in large part to its independent
representatives, or Elepreneurs. Following a modern direct-selling model that
focuses on achieving healthy minds and bodies, happiness in quality of life and
wealth accumulation, SHRG’s Elepreneurs are enthusiastically sharing the
company’s mission, opportunity and products. Tens of thousands of Elepreneurs
have elected to join the company, and that number continues to increase each
month.
Sharing Services Global Corporation owns, operates or
controls an interest in a variety of companies specializing in the strong
direct-sales space and is focused on reshaping how entrepreneurs build their
businesses in today’s modern world. SHRG leverages the capabilities and
expertise of companies that sell products direct to the consumer through
independent representatives, called Elepreneurs.
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 at http://ibn.fm/SHRG
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Editor@QualityStocks.com
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