Diversified holding company Sharing Services (OTCQB: SHRV) on Wednesday announced that it has, effective immediately, formally changed its name to Sharing Services Global Corporation, which better represents its focus on international markets. In addition, today the company announced record quarterly revenues of $25.9 million for the fiscal third quarter ended Jan. 31, 2019, reflecting an approximately $8 million increase compared to second-quarter revenues of $17.9 million. The quarterly performance is record-breaking for SHRV, which has now reported sales revenues of over $64 million since the December 2017 launch of products through its Elepreneur and Elevacity Global subsidiaries. “Over the last 15 months, our product sales for the incredible health and wellness division of Elevacity Global have dramatically and consistently increased,” Sharing Services CEO John “JT” Thatch stated in the press release. “Our 2018 Q3 results are continued proof that our ’Blue Ocean Strategy’ is being implemented and accepted in the direct selling marketplace. At a record-breaking pace, our Elepreneur division continues to execute on our mission to change the direct selling industry with best-in-class products and services.”
About Sharing Services Global Corporation
Sharing Services Global Corporation (SHRV), formerly Sharing Services Inc., is a diversified holding company specializing in the direct selling industry. SHRV owns, operates or controls an interest in a variety of companies that either sell products to the consumer directly through independent representatives or offers services that range from health and wellness, energy, technology, insurance services, training, media and travel benefits. Its divisions include Elevacity Global, LLC and Elepreneur, LLC. For more information, visit www.SharingServicesInc.com, www.Elevacity.com or www.Elepreneur.com.
NOTE TO INVESTORS: The latest news and updates relating to SHRV are available in the company’s newsroom at http://ibn.fm/SHRV
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