Sharing Services Global Corporation (SHRG) Reports More than $94 Million in Sales Since Launch of Products in 2017

July 18, 2019 10:35:50
  • SHRG reported record sales for the fiscal year ended April 30, 2019, marking a nine-fold increase as compared to FY2018
  • CEO says that implementation of the company’s Blue Ocean Strategy has been accepted and the company is on a “record-breaking” pace
  • SHRG has announced global expansion plans for the remainder of 2019

Sharing Services Global Corporation (OTCQB: SHRG), since the December 2017 launch of products through its Elepreneur LLC and Elevacity Global LLC subsidiaries, has recorded cumulative sales of more than $94 million. SHRG CEO John ‘JT’ Thatch credits the record sales numbers to the impressive performance of the company’s “highly talented” Elepreneurs, as they are successfully executing on a mission to change the direct-selling industry with best-in-class products and services (

SHRG reported record sales of $85.9 million for its fiscal year ended April 30, 2019, in its SEC 10K filing ( These numbers represent a nine-fold increase, or a $77.5 million jump, from the company’s revenues of $8.4 million in FY2018. SHRG is focused on continuing its international expansion plans during the remainder of 2019, Thatch noted.

“Our 2019 revenues are continued proof that our Blue Ocean Strategy is being implemented and accepted in the direct-selling marketplace,” Thatch stated in a news release. “We continue at a record-breaking pace as our dedicated and highly talented Elepreneurs continue to execute on the mission to change the direct-selling industry with best-in-class products and services.”

Thatch also noted that, over the past 16 months, Elevacity Global has consistently increased its sales of health and wellness products. Since the product launch in late 2017, SHRG has supported its expansion program with several initiatives, such as establishing a new corporate headquarters to accommodate growth, adding experienced industry talent and pursuing global expansion plans.

SHRG is a Plano, Texas-based diversified holdings company that owns, operates or controls a variety of companies engaged in direct selling through independent sales contractors. SHRG divisions include Elevacity Global LLC and Elepreneur LLC.

For more information, visit the company’s website at

NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published:

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office