- SHRG ranked 48th on latest Direct Selling News Global 100 List
- Sharing Services doubled revenues for the fiscal quarter ended October 31, 2019, reaching remarkable $169 million since inception in 2017
- SHRG may be an attractive opportunity for investors who seek high-growth companies backed by a sound business model, strong market, robust fundamentals
Elepreneurs Holdings LLC, a wholly owned subsidiary of Sharing Services Global Corporation (OTCQB: SHRG) ranked 48th on the latest 2020 Global 100 List of top direct-selling companies, published annually by Direct Selling News (DSN) (http://nnw.fm/02ORx). Sharing Services, a diversified holding company owns, operates and controls an interest in a number of companies specializing in the direct-selling industry.
Announced in April 2020, the 11th annual DSN Global 100 List features top companies around the world achieving more than $100 million in revenue for 2019, showcasing a unique perspective on the true economic and social impact of this distribution channel on people’s lives and communities it serves globally. This influential list brings recognition to top-performing companies in the global direct-selling space, offering them numerous opportunities to leverage exposure to investors, researchers, and those seeking opportunities within the industry.
Although relatively young compared to others on the list, SHRG earned its place due to impressive growth on the back of a robust business model based on delivering excellence in the direct-selling market. Sharing Services and its subsidiaries – Elevacity Global LLC, responsible for manufacturing and distribution of innovative products, and Elepreneurs, responsible for promoting those products to consumers – customers built strong momentum in 2019 with revenues amounting to $38.9 million for the fiscal quarter ended October 31, 2019, bringing cumulative revenues to the impressive level of $169 million since the launch of its products in December 2017 (http://nnw.fm/V0Bve).
As a subsidiary of SHRG, Elepreneurs is leveraging a direct-selling business model structured to utilize an international network of home-based entrepreneurs called Elepreneurs. SHRG founded Elepreneurs as a response to the rising demand from individuals who are seeking not only new income opportunities but also greater flexibility and a path to living happier, healthier and wealthier lives.
With the rising uncertainty surrounding the global environment, these opportunities will become even more critical as they support individuals in their paths to financial independence and pursuit of happy, wholesome lives. Successfully leveraging this growing trend, Elepreneurs is also using the power of social media to increase competitiveness and create opportunities in a cost-effective yet more personal way.
Also a SHRG subsidiary, Elevacity Global harnesses the power of science through collaboration with food scientists and nutrition experts to create health and wellness products designed to enhance the lives of consumers. Its flagship line of products works to release hormones that support well-being and happiness. The unique formula is called D.O.S.E., representing an acronym that refers to the four key hormones being stimulated: dopamine, oxytocin, serotonin, and endorphins. With adversity in the world on the rise, D.O.S.E offers a response to those who strive for happiness and wholeness in the face of the rising challenges.
Committed to elevating lives, both through business opportunities for its independent representatives and through health and wellness products that enrich the lives of consumers, Sharing Services operates in a thriving global market, where it leverages its unique capability to latch on nascent trends and seize opportunities as they emerge. The global direct-selling industry is growing at impressive rates, reaching $189 billion in 2017.
It is estimated that 20.5 million people were involved in direct-selling activities in the United States in 2017, a 31% increase over the previous five years (http://nnw.fm/N5GtK). With robust financials and a proven track record of successful adaptation to growing market trends, SHRG offers investors a high-growth opportunity coupled with sound fundamentals and backed by a robust business model.
For more information, visit the company’s website at www.SHRGInc.com
NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://nnw.fm/SHRG
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