- John “JT” Thatch, CEO, explains expansion of SHRV in 2019 into Canada and Asia in interview at LD Micro Main Event with www.ProactiveInvestors.com, as seen on YouTube
- SHRV said that the name change will reflect its international growth strategy; in SEC filing, it says it plans for organic growth, expansion through acquisition and opportunities in other countries
- In interview, Thatch estimated that the company is on track to record sales of $50 million in 2018
Sharing Services Inc. (OTCQB: SHRV) will hold a special meeting of shareholders on January 11 for a vote to change its name to Sharing Services Global Corporation (http://ibn.fm/fln8E). John “JT” Thatch, CEO of SHRV, said that the name change would more accurately reflect the company’s international expansion moves in 2019. He discussed the company’s strategic growth into Canada and Asia in an interview with www.ProactiveInvestors.com, as seen on YouTube (http://ibn.fm/fc37I).
SHRV is a Plano, Texas-based diversified holdings company that owns, operates or controls a variety of companies engaged in direct selling through independent sales representatives. It also offers services in the energy, technology and insurance sectors. Its divisions include Elevacity Global, LLC and Elepreneur, LLC.
In its filing, the company noted that it was planning to grow both organically and by making strategic acquisitions of businesses and technologies. “The company believes there are excellent growth opportunities outside the United States, including in Canada, Mexico, Europe and Asia,” it said in the filing.
Thatch also said in the interview at the LD Micro Main Event that SHRV would report revenues of some $50 million for 2018. It had earlier recorded sales of $17.9 million for its fiscal Q2 2018 and $12.9 million revenue for Q1 2018 (http://ibn.fm/YDKEz).
For more information, visit the company’s website at www.SHRVInc.com