- Customers keep coming back for their D.O.S.E. of happiness
- Over the last year, company has strategically set aside money, paid off debts and reduced excess expenditures
- SHRG uniquely equipped with leadership team capable of handling change, a necessary skill in 2020
Sharing Services Global Corporation (OTCQB: SHRG) is focused on elevating entrepreneurs and reshaping how they succeed in today’s marketplace. A diversified company dedicated to maximizing shareholder value, SHRG operates two primary subsidiaries: Elepreneurs US Holdings LLC, a marketing company in direct selling, and Elevacity US Holdings LLC, a products company.
Elepreneurs Holdings is growing an international network of home-based entrepreneurs the company refers to as Elepreneurs, a unique combination of elevate + entrepreneurs = Elepreneurs. SHRG Elepreneurs are encouraged not to compete in the direct-selling market but to succeed in such a way that there is no competition.
The company works to ensure that every Elepreneur has access to a community of support, next-generation customer-relationship management, lead generation, training and mentorship. The goal is to take everyday entrepreneurs and help elevate them to their max potential. In doing so, Sharing Services is redefining success.
As part of that process, SHRG provides a quality line of proprietary products through its second subsidiary, Elevacity Holdings US LLC. Elevacity has created a health and wellness product line that consists of nutraceutical products all formulated to offer a unique combination dopamine, oxytocin, serotonin and endorphins. The company refers to this proprietary formulation of hormones and neurotransmitters, proven to promote happiness and well-being, as D.O.S.E. The purpose of every D.O.S.E. product to elevate the happiness and well-being of the consumer, and customers have developed a deep loyalty to their daily dose of happy.
The driving mission behind Elepreneurs and Elevacity is to live life elevated and to define success on one’s own terms. Throughout the challenges of COVID-19, this philosophy has guided the company in strategic decision making and a way forward.
While other companies within the direct-selling industry were receiving warnings from the Federal Trade Commission (http://ibn.fm/Ec5Q6), Elevacity was busy preparing for the launch of its newest product, CoffeeMAX. Throughout the pandemic, SHRG has focused on keeping customers and Elepreneurs informed and closely following the guidelines. Already working with an international network, the company was ready to make the fast adjustments needed to survive during the worldwide pandemic.
“Over the last 12 months, we have carefully and purposely set aside money for use in case of emergencies,” said Elevacity president and CEO Keith Halls (http://ibn.fm/J04p2). “We have paid off most debts, eliminated excess expenditures and saved for the future. Because of such actions, we are confident that we will be able to weather and withstand this storm.”
Halls also notes that the company purchased key formula ingredients in advance to not interrupt the manufacturing and logistics of delivery in the event of more unforeseen challenges to the supply line. Finally, Halls encourages Elevacity’s valued customers to reach out and help others, to provide hope and support to one another during these challenging times.
Clearly, SHRG has a leadership team capable of handling change. In March 2018, John “JT” Thatch was appointed president and CEO of SHRG. He brought the company his wealth of experience in fast-paced and flexible environments, an invaluable skill in the ever-changing climate of 2020.
“We recognize the unique challenges our country is facing during these unprecedented times,” Thatch noted, in his own statement regarding COVID-19 (http://ibn.fm/Akv85). “We want to assure you that we are fully operational and functional. Our ‘Elepreneurs’ distributor system remains vibrant and focused. Customer service requests are being handled remotely by our excellent staff. Our fulfillment and logistics partners are currently open and processing orders. And, our executive and management staff are working diligently to conduct our operations in a robust and timely manner.
“We all share the common objective of providing the best in health and wellness products available on the market today,” he continued. “We stand shoulder to shoulder in navigating through this journey with you. Moreover, we are confident that all of us will come back stronger than ever because . . . we are stronger together as a team.”
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://ibn.fm/SHRG