- SHRG
ranked 48th on latest Direct Selling News Global 100 List
- Sharing
Services doubled revenues for the fiscal quarter ended October 31, 2019,
reaching remarkable $169 million since inception in 2017
- SHRG
may be an attractive opportunity for investors who seek high-growth
companies backed by a sound business model, strong market, robust
fundamentals
Elepreneurs Holdings LLC, a wholly owned subsidiary of Sharing Services Global Corporation (OTCQB: SHRG) ranked
48th on the latest 2020 Global 100 List of top direct-selling companies,
published annually by Direct Selling News (DSN) (http://ibn.fm/I9Kuh). Sharing Services, a diversified
holding company owns, operates and controls an interest in a number of
companies specializing in the direct-selling industry.
Announced in April 2020, the 11th annual DSN Global 100 List
features top companies around the world achieving more than $100 million in
revenue for 2019, showcasing a unique perspective on the true economic and
social impact of this distribution channel on people’s lives and communities it
serves globally. This influential list brings recognition to top-performing
companies in the global direct-selling space, offering them numerous
opportunities to leverage exposure to investors, researchers, and those seeking
opportunities within the industry.
Although relatively young compared to others on the list,
SHRG earned its place due to impressive growth on the back of a robust business
model based on delivering excellence in the direct-selling market. Sharing
Services and its subsidiaries – Elevacity Global LLC, responsible for
manufacturing and distribution of innovative products, and Elepreneurs,
responsible for promoting those products to consumers – customers built strong
momentum in 2019 with revenues amounting to $38.9 million for the fiscal
quarter ended October 31, 2019, bringing cumulative revenues to the impressive
level of $169 million since the launch of its products in December 2017 (http://ibn.fm/jGMjy).
As a subsidiary of SHRG, Elepreneurs is leveraging a
direct-selling business model structured to utilize an international network of
home-based entrepreneurs called Elepreneurs. SHRG founded Elepreneurs as a
response to the rising demand from individuals who are seeking not only new
income opportunities but also greater flexibility and a path to living happier,
healthier and wealthier lives.
With the rising uncertainty surrounding the global
environment, these opportunities will become even more critical as they support
individuals in their paths to financial independence and pursuit of happy,
wholesome lives. Successfully leveraging this growing trend, Elepreneurs is
also using the power of social media to increase competitiveness and create
opportunities in a cost-effective yet more personal way.
Also a SHRG subsidiary, Elevacity Global harnesses the power
of science through collaboration with food scientists and nutrition experts to
create health and wellness products designed to enhance the lives of consumers.
Its flagship line of products works to release hormones that support well-being
and happiness. The unique formula is called D.O.S.E., representing an acronym
that refers to the four key hormones being stimulated: dopamine, oxytocin,
serotonin, and endorphins. With adversity in the world on the rise, D.O.S.E offers
a response to those who strive for happiness and wholeness in the face of the
rising challenges.
Committed to elevating lives, both through business
opportunities for its independent representatives and through health and
wellness products that enrich the lives of consumers, Sharing Services operates
in a thriving global market, where it leverages its unique capability to latch
on nascent trends and seize opportunities as they emerge. The global
direct-selling industry is growing at impressive rates, reaching $189 billion
in 2017.
It is estimated that 20.5 million people were involved in
direct-selling activities in the United States in 2017, a 31% increase over the
previous five years (http://ibn.fm/GtYFM).
With robust financials and a proven track record of successful adaptation to
growing market trends, SHRG offers investors a high-growth opportunity coupled
with sound fundamentals and backed by a robust business model.
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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