- In a
rapidly growing industry, SHRG is one of fastest-growing direct-selling
companies
- Nutritional
products specially formulated for happiness are part of the company’s
commitment to elevating the health and wellness of others
- The
company’s strategic growth is spurred both organically and through
acquisitions, as SHRG eyes a global stage
Focused on the success of home-based entrepreneurs, Sharing Services Global Corporation (OTCQB: SHRG) is a
diversified holding company that owns, operates or controls an interest in a
variety of companies specializing in the direct-selling industry. In the last
several months alone, the company has grown by 10,000 independent sales
representatives, positioning it among the fastest-growing direct-selling
companies in the world.
According to the World Federation of Direct Selling
Associations, 2016 saw a global market exceeding $182.6 billion, with the
United States leading the way with $35.5 billion and China right behind with
$33.9 billion (http://ibn.fm/LqrVf).
Statista reports that, in 2017, the direct-selling market generated nearly $190
billion, with wellness products accounting for 33.8 percent of total industry
sales.
According to the Direct Selling Association, roughly 18
million people participated in direct selling in the United States last year
alone. As of January 2019, SHRG has reported 29,000 Elepreneurs, 200,000
customers and $65 million in revenue since its product launch in December
2017 (http://ibn.fm/qiPZB).
Several strengths make SHRG stand out from its
direct-selling competition. These include nutritional products that promote
happiness, the company’s unique Blue Ocean Strategy and the rapid growth of its
home-based entrepreneurs, or Elepreneurs – a term coined by the company.
Elepreneurs LLC was launched in December 2017 and is a
wholly owned subsidiary of SHRG. Structured to contract with companies to
promote and sell products through a direct-selling model, Elepreneurs is
dedicated to elevating the health, wellness and happiness of others. Using
relationship and word-of-mouth marketing, the company is training its
home-based entrepreneurs to organically reach consumers in an extremely
cost-effective and personal approach.
Elevacity Global LLC is also a wholly owned subsidiary of
SHRG. Elevacity utilizes the Elepreneurs to promote its specially formulated
nutritional products to consumers. Its powerful products are made with
scientifically-backed ingredients that stimulate the happiness hormones
dopamine, oxytocin, serotonin and endorphins, which the company refers to as
D.O.S.E. The vision behind Elevacity is to elevate lives through both products
and services.
SHRG is strategically implementing a diversified growth
strategy, which includes growth organically and through acquisitions, both
inside and outside of the United States. The company’s recent name change —
from Sharing Services Inc. to Sharing Services Global Corporation —reflects
this international growth strategy.
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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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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