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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Sharing Services Global Corp    

SHARING SERVICES GLOBAL CORP

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Sharing Services Inc :. (SHRV) Expands Blue Ocean in Direct Sales into 2019 on an Elevated World Stage

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02/12/2019 | 10:56am EDT
  • Sharing Services is pioneering its own unique brand of home-based entrepreneurial success in the direct sales industry under the Elepreneur banner
  • The company reported record revenues at the end of October 2018, while expanding the company and reporting sales of more than $39 million during the year since its products launched
  • As Sharing Services’ global reach continues to expand in 2019, it is introducing a new chief marketing officer who’s experienced in international business

Sharing Services Inc. (OTCQB: SHRV) is building on the successes of a blockbuster year as it looks ahead to 2019’s blue horizons for the entrepreneurship that keeps global commerce vibrant.

The diversified holdings company and the energetic “Elepreneurs” who are elevating the realm of home-based business gathered in revenues of more than $39 million during the first year since the December 2017 launch of the company’s products under its subsidiaries. Sharing Services’ direct-selling protocol is delivering a growing selection of health and wellness products to the world with a focus on promoting the well-being of all people, as well as insurance coverage for auto, home, health and life concerns and health benefit discounts to families that share the company’s goal of elevating life.

Sharing Services is also invested in soon delivering wholesale travel and payment programs that empower families to go on vacation, along with live seminars and training events to “elevate the skills and knowledge of entrepreneurs around the world.”

“Since our launch into the marketplace almost a year ago, product sales for our incredible health and wellness division of Elevacity Global have dramatically increased and continue to grow,” CEO John “JT” Thatch stated in December in announcing record revenues of $17.9 million for the company’s fiscal second quarter. “Our second-quarter results represent yet another significant milestone as we exceed our goals at a record-breaking pace and execute our mission to change the direct-selling industry with best-in-class products and services under our unique ‘Blue Ocean Strategy.’”

Blue Ocean Strategy and its Red Ocean corollary are marketing theory terms that address self-directed companies’ efforts to create their own market spaces where they can capture and control revenues in “blue oceans” that are free of the competition bloodying the “red oceans” of more defined industries and their market parameters (http://nnw.fm/2j1IW).

Sharing Services’ strategy involves creating its own market universe by melding key components of its subsidiaries. To bolster its direct sales mission, the company held its first “Elepreneur Happiness Convention” last year, with its sales representatives gathered from around the world, including the United States, Canada, Mexico, Singapore and Hong Kong, to network and elevate their capacity for success.

As part of its effort to elevate its successes on a corporate level for the coming year, Sharing Services announced on January 9 that it has named Clare Holbrook, a direct sales industry veteran, to the role of chief marketing officer for its Elepreneur, LLC subsidiary (http://nnw.fm/b6UcC). The decision reflects Sharing Services’ expanding international reach; Holbrook is an “international polyglot” who is able to communicate effectively in five languages and has worked and lived throughout the United States, United Kingdom and the European Union, fulfilling responsibilities on four continents in more than 20 countries.

“Since its launch in December 2017, Elepreneur has quickly established itself in the direct-selling industry and continues to elevate the home-based entrepreneur experience. We continue to grow at a rapid pace, and we are pleased to have Mrs. Holbrook’s experience in marketing and branding the company’s future growth,” Thatch stated in a news release.

For more information, visit the company’s website at www.SHRVInc.com

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Managers
NameTitle
John D. Thatch President, Chief Executive Officer & Director
Frank A. Walters CFO, Secretary, Treasurer & Director
Cathy McCain General Counsel
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