- Company has achieved record-breaking growth, with sales revenues topping $64 million
- SHRV benefits from a diversified platform
- A strategic name change, in addition to the appointment of a multilingual chief marketing officer, sets the stage for international expansion
Sharing Services Global Corporation (OTCQB: SHRV), formerly known as Sharing Services Inc., has seen a record-breaking pace of growth. Success is credited to SHRV’s Elepreneurs and their ability to execute the company’s mission, which is to change the direct-selling industry with best in-class products and services. Elepreneurs are independent contractors who share Elevacity products and invite others to join them on the Elepreneur team. Since its product launches of December 2017, the company has reported sales revenues of more than $64 million (http://ibn.fm/BfVK2). Operating under two divisions, Elevacity Global LLC and Elepreneur LLC, SHRV owns significant stakes in a variety of companies within the direct-selling industry.
SHRV is working to change the direct-selling industry by focusing on mentorship and securing a vested interest in the success of several direct-selling businesses. The company takes a percentage of ownership in different firms across various sectors. While other direct-selling businesses create a niche with one product line, SHRV benefits from a diversified platform.
Based in Plano, Texas, SHRV plans to expand globally. The company’s 10,000-square-foot facility in Plano provides room for expansion and space for a growing customer service department, product fulfillment operations, opportunity and training rooms, a video production suite and more. However, the company’s goals reach far beyond Plano, or even Texas. Implementation for expansion is expected to build on the same strategy that has worked so well for Sharing Services to this point.
The company’s recent name change, from Sharing Service Inc. to Sharing Services Global Corporation, is part of a larger vision for international expansion. The company has eyes on expansion into Canada, Mexico, Asia and Europe. On January 9, 2019, SHRV announced Clare Holbrook as the new chief marketing officer for its Elepreneur LLC subsidiary. The announcement (http://ibn.fm/2C4ho) describes Holbrook as a “creative, multilingual marketing leader who leverages hands-on experience in diverse global markets to help create integrated marketing and sales strategies globally.” Her addition to the team is part of the company’s strategic international expansion.
“We’re kind of under the radar right now. A lot of people don’t know about us,” SHRV CEO John “JT” Thatch stated in a news release (http://ibn.fm/Qq808). “[But] they soon will.”
For more information, visit the company’s website at www.SHRVInc.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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