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Sharing Services Global Corporation (OTCQB: SHRG), formerly Sharing Services Inc., is a diversified company dedicated to maximizing shareholder value, operating two primary subsidiaries: Elepreneurs Holdings US, LLC, a direct-selling company, and Elevacity Holdings US, LLC, a products company. Headquartered in Plano, Texas, SHRG markets and distributes Elevate-branded health and wellness products through an independent sales force of distributors called Elepreneurs.
Investment Considerations:
- Diversified holding company specializing in the direct-selling industry and network marketing.
- Direct selling in the United States represents $35.4 billion in retail sales in 2018, a 1.3% increase from 2017. Global direct-selling revenues hit $182 billion.
- Employs unique Blue Ocean Strategy to empower entrepreneurs and engage a paradigm shift in business leadership across a wide range of sectors.
- Exclusive line of health and wellness products consists of anti-aging skin care, functional beverages and natural supplements, all based on the company’s exclusive D.O.S.E. product formulation of four hormones designed to promote happiness and well-being.
- Cumulative sales revenues hit $169 million since the December 2017 launch of Elevate products through the Elepreneurs and Elevacity subsidiaries.
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