PLANO, Texas, March 26, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – On March 26, 2018, Sharing Services, Inc. (OTC Markets:SHRV) announced revenues for the quarter of $960,000, representing a corporate milestone.
"Only three months after bringing our products to market, we are pleased to report the achievement of revenues of approximately a million dollars,” stated CEO John “JT” Thatch. “We attribute this landmark achievement to the execution of our team members and their determined commitment to delivering a proper mix of products and services to the marketplace.”
Sharing Services, Inc., continues to gain traction in the direct selling industry, where the Company owns, operates or controls an interest in several companies that offer products and services ranging from health and wellness, energy, technology, insurance services, training, media and travel benefits.
In recent months the Company has implemented several actions to support its pursuit of international expansion, including a new corporate headquarters to accommodate growth and a joint-venture agreement to market its Elepreneur Brand and products in Asia. Moving forward, the Company anticipates continued momentum and brand building on a global scale.
Robert Oblon, Chairman of Sharing Services, added, “We look forward to continued growth and increased revenues as Sharing Services, Inc., progresses in offering innovative products and services through direct-selling distribution channels. Our next goal, which we anticipate achieving this year, is to create a presence in the global markets.”
About Sharing Services, Inc.
Sharing Services, Inc. (SHRV) is a diversified holding company specializing in the direct selling industry. SHRV owns, operates, or controls an interest in a variety of companies that either sell products to the consumer directly through independent representatives or offers services that range from health and wellness, energy, technology, insurance services, training, media and travel benefits. Visit http://www.SharingServicesInc.com, call 714.203.6717, or email Info@SharingServicesInc.com, to learn more.
The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 31E of the Securities Exchange Act of 1934, including statements regarding the Company's expectations, hopes, beliefs, intentions, or strategies regarding the future, including the Company's operating margin and rolling average annual growth in tangible book value per share, constitute forward-looking statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. All forward-looking statements included in this document are based on information available to the Company on the date hereof and the Company assumes no obligation to update any such forward-looking statement. Prospective investors should also consult the risks described from time to time in the Company's Reports on Forms 10-K, 10-Q and 8-K and Annual Reports to Shareholders.
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Sharing Services, Inc.
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