Sharing Services, Inc. Discusses Corporate Growth in Exclusive Audio Interview with NetworkNewsWire
NEW YORK, Nov. 19, 2018 (GLOBE NEWSWIRE) -- via NetworkNewsAudio - NetworkNewsAudio (NNA), a NetworkNewsWire (NNW) Solution that delivers clients unparalleled visibility, recognition and brand awareness in the investment community, today announces the online availability of its interview with Sharing Services (OTCQB: SHRV), a client of NNW and diversified holding company specializing in the direct selling industry.
The interview can be heard at http://nnw.fm/BFu0K
NNW’s Stuart Smith introduces Sharing Services CEO John “JT” Thatch in an interview that reviews the company’s unique business model and the strategy that has distinguished it among competitors in the industry.
Sharing Services is a diversified holding company that owns a 20- to 100-percent stake in a variety of direct selling businesses. Thatch describes SHRV as unique, in that many other top companies in the direct selling space, such as Herbalife, Avon and Nu Skin, brand one product line that forms their niche. What separates SHRV is that the company takes a percentage of ownership in different companies across various sectors, which it calls “lanes of opportunity,” with each of those offering unique products. Independent representatives sell SHRV products, benefiting from a diversified platform that offers support services and a strong infrastructure to allow direct sellers to succeed.
SHRV’s leadership team is well-rounded, with expertise guiding public companies and direct experience in industry verticals in which SHRV currently operates. SHRV founder Robert Oblon founded one of the largest travel selling companies in the sector. He is also the creator of SHRV’s distinctive “Blue Ocean Strategy.”
After discussing his own experience as a 30-year entrepreneur, Thatch describes SHRV’s management team as “industry icons” who have “their DNA in the top 10 or 20 direct selling companies of all time.”
The company’s leadership includes Keith Halls, co-founder of Nu Skin; John Fleming, the past president of Avon West and the past editor of Direct Selling News; and Larry Taylor, co-founder of Herbalife. Thatch attributes the company’s success to the talent of this leadership team, excitement and motivation of its staff, and the company’s unique strategy.
The value of this team is reflective in the company’s sales performance. Upon initial launch in December 2017, SHRV generated about $200,000 in organic growth revenues, and continued to climb.
“Then we rolled right into January and quadrupled that to about $800,000, and it hasn’t stopped,” Thatch says.
From year-end 2017 to April 2018, SHRV generated approximately $8 million in revenue is on pace to achieve nearly $50 million per year.” Thatch credits this “explosive” growth to the company’s reverse model of putting a management team in place and proving strong sales on a shoe string budget.
The interview closes with Thatch looking into the future with the intention of moving forward with continued monthly sales increases and global expansions, but continuance with the same strategy that has worked extremely well. The company also seeks to gain more interest in the public sector. “We’re kind of under the radar right now. A lot of people don’t know about us,” Thatch says, but is adamant that, “they soon will.”
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. For more information, visit the company’s website at www.SHRVinc.com
NetworkNewsAudio (NNA) , a NetworkNewsWire (NNW) Solution, allows you to sit back and listen to market updates, CEO interviews and a Company AudioPressRelease (APR). These audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio (NNA) can assist your company by cutting through the overload of information in today’s market. NNA brings its clients unparalleled visibility, recognition and brand awareness. NetworkNewsWire (NNW) is where news, content and information converge. NetworkNewsWire (NNW) is a comprehensive provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW has the unparalleled ability to reach a wide audience of investors, consumers, journalists and the general public with an ever-growing distribution network of more than 5,000 key syndication outlets across the nation.
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
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