Sharing Services Global Corporation (OTCQB: SHRG), formerly Sharing Services Inc., is a diversified holding company that owns, operates or controls an interest in a variety of companies specializing in the direct-selling industry. SHRG combines enthusiastic independent sales representatives with its creative brand strategy to create success in the growing industry. A recent article discussing the company reads, “As a burgeoning market, the direct-sales industry has seen tremendous growth in recent years. A record 20.5 million people were involved in direct selling in the United States during 2016, signifying a 1.5% increase from the previous year. Similarly, the estimated direct retail sales of $35.54 billion in 2016 was the second highest in direct-selling history, and these numbers continue to grow. . . . The future of direct sales looks bright and is on the brink of a transformational moment, according to the Direct Selling Association. ‘It seems clear . . . that our business model is poised to make the next big jump into the future,’ Joseph Mariano wrote on behalf of the association. With much of the consumer population shifting to online shopping, direct sellers must stay abreast of industry changes and consider how technology is changing the face of direct selling. ‘What our industry does during the coming months will shape our future,’ Mariano noted (http://nnw.fm/7GqS3), indicating that direct-selling industry numbers ‘are a strong indicator of where direct selling is and where we are going, and that clearly is the way forward.’”
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About Sharing Services Global Corporation
Sharing Services Global Corporation, formerly Sharing Services Inc., is a diversified holding company that is publicly traded and dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies in the direct-selling industry. The Sharing Services combined platform 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 Global LLC (a product-sourcing and supply company) and Elepreneur LLC (a sales and marketing company based on utilization of independent contractors as the sales force). For more information, visit the company’s websites at www.SHRGinc.com, www.Elevacity.com or www.Elepreneur.com.
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