Sharing Services Global Corporation (SHRG) Marks Company Milestones, Looks to New Year

• Posted record-breaking Q1 2019 with revenues of $35.4 million
• Adopted VERB’s interactive, video-based CRM, sales-enablement platform
• Sitting at the forefront of paradigm shift in direct-selling industry

Sharing Services Global Corporation (OTCQB: SHRG), a diversified holdings company in the direct-selling industry, has had an exciting year and is looking to the New Year with strategic plans for expansion. A record first quarter, a new video-based CRM and sales-enablement platform, continued organic growth and an influx of entrepreneurs mark company milestones and position SHRG perfectly to advance into 2020.

Headquartered out of Plano, Texas, Sharing Services is committed to leveraging its continued 100% organic-growth momentum on a global scale. The company’s new 10,000-square-foot facility was built with room for growth. Customer service, operations and training rooms, as well as video production on site, are already up and running with room for growth in each area. In addition, the company’s proprietary Elevate product line is available in the United States, Canada, New Zealand and Australia. —

This year brought a few changes for the direct-selling community that promise both challenge and opportunity for companies like SHRG. While direct selling has traditionally been the choice for entrepreneurs interested in creating their own hours and taking control of their income, the desire for freedom is now often satiated with side hustles and a growing gig economy. The lure of the gig economy comes from a minimal need for capital and training. “You don’t need sales skills to be an Uber driver,” Douglas Lane of Lane Research told Direct Selling News (http://ibn.fm/d3WTq). “You wake up, turn on your phone – and customers fall out of the sky.”

While this might sound like bad news for direct-selling companies, the consumer-demand pendulum may be shifting away from convenience in lieu of old-fashioned customer service – and even a desire for safety, as seen in recent headlines (http://ibn.fm/zUAbL). As consumers seek quality experiences with sales representatives who see them as more than a dollar sign, SHRG is well-equipped to fill the void. Dedicated to more than just sales, Sharing Services is in the business of elevating its sales force, or Elepreneurs, and helping them find success and passion on multiple levels. A significant difference between a gig job and what SHRG offers lies in the passion and commitment its Elepreneurs feel for the product and company.

With SHRG, Elepreneurs are given essential tools that enable them to elevate their health, wealth and happiness – culminating in a premium customer-service experience for consumers. Elepreneurs enjoy live seminars and training events, unique compensation and reward programs, and a growing selection of health and wellness products dedicated to elevating the well-being of all people. The goal is to create independent business leaders through mentorship and support, elevating both the individual’s life and the value of SHRG.

In October 2019, SHRG reported record Q1 revenues of $35.4 million, more than double that of 2018’s Q1 (http://ibn.fm/Kj1Rf). SHRG attributes the record-breaking numbers to its highly talented Elepreneurs, who utilize the Blue Ocean Strategy, a simpler, more inventive approach to sales and marketing that focuses on organic growth and elevating lives.

In November 2019, SHRG announced its wholly owned subsidiary – Elepreneurs LLC – had adopted VERB’s interactive, video-based CRM and sales-enablement platform for use by its expansive network of Elepreneurs in the United States. The same application will soon launch in Canada. The VERB model allows for back-end integration and offers interactive video features designed to help Elepreneurs grow their digital capabilities, enabling them to reach customers where they often are – online. Adopting VERB’s video CRM, marketing and sales-enablement applications provides additional tools that will help elevate Elepreneurs even further along their journeys.

People are looking for more than a gig job – they are seeking connections, relationships, healthier lives and happiness. In the process of finding those, they are redefining success and creating a paradigm shift within the direct-selling industry, and SHRG is sitting squarely at the forefront of this growing momentum.

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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