Sharing Services Global (OTCQB: SHRG), a diversified holding company, is not only well positioned within the direct-selling industry, but distinct and operating out of its top tier. In its latest report, “2019 Direct Selling Business Results,” the World Federation of Direct Selling Associations announced that worldwide retail sales showed a year-over-year sales increase of 1.4% compared to 2018 while growing at a healthy pace in the long term (https://ibn.fm/sGx6p). The report also indicates that wellness — the product category where SHRG operates — continues to be the leader in the U.S. direct-selling landscape with 36% of total sales. The report attributes this success to several driving factors, including highly personalized customer engagement, enthusiasm for the products and a sense of community in the shopping and entrepreneurial experience. A recent article discussing this reads, “This is precisely the strength of SHRG. The company not only operates in the most lucrative segment of the direct-selling market, but its whole philosophy is also centered around elevating lives of consumers and home-based entrepreneurs by distancing from cutthroat competition and following Blue Ocean strategy based on putting opportunities in the hands of its independent representatives, called Elepreneurs, and empowering them to take the reins on their future. SHRG nurtures people and community and creates high-quality, innovative products, and success comes as a result of that. This unique approach is appreciated by consumers as reflected in the healthy financials the company continues to post.”
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About Sharing Services Global Corporation
Sharing Services, formerly Sharing Services Inc., is a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies in the direct-selling sector and other industries. The Sharing Services combined platform currently leverages the capabilities and expertise of various companies that market and sell products direct to the consumer through independent contractors. Two of its primary divisions include Elevacity Holdings LLC., the parent of its wholly owned subsidiary Elevacity U.S. LLC, a health and wellness products company, and Elepreneurs Holdings LLC, the parent of its wholly owned subsidiary Elepreneurs U.S. LLC, a sales and marketing company based on utilization of independent contractor distributors who sell the Elevacity product line.
For more information, visit www.SHRGInc.com, www.Elevacity.com or www.Elepreneur.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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