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Sharing Services, Inc. (SHRV) Files 10K, Announces $8.3 Million in Sales in First 5 Months Since Product Launch

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PLANO, Texas, July 31, 2018 (GLOBE NEWSWIRE) -- via NetworkWire -- Sharing Services, Inc. (OTC:SHRV) ("the Company") has filed its 10K with the Securities and Exchange Commission for the year ended April 30, 2018. The Company reported sales of $8.3 million dollars since launching its products on Dec. 13, 2017.

"Since our wholly owned subsidiary Elepreneur launched our incredible health and wellness division of Elevacity products late last year, sales have increased dramatically and continue to grow," stated John "JT" Thatch, CEO of Sharing Services. "We continue working on several support and operational functions to expand the company and are currently negotiating to add some talented key industry leaders to our team who will assist us in our international expansion initiatives."

"We have reached our first milestone by closing out the fiscal year with record-breaking revenues and rapid expansion of our operational capability," said Robert Oblon, chairman of Sharing Services. "We have exceeded our goals as we continue our record-breaking pace to change the direct-selling industry with best-in-class products and services, and we continue proving the efficacy of our very unique ‘blue ocean' strategy."

Sharing Services continues gaining traction in the direct-selling industry. The company owns, operates or controls an interest in companies that offer services ranging from health and wellness, energy, technology, insurance services, training, media and travel benefits.

Since the company launched late last year, it has taken several steps to support its pursuit of expansion, including establishing a new corporate headquarters to accommodate growth as well as bringing on experienced talent to help drive the company forward and continue momentum on a grand scale.

About Sharing Services, Inc.

Sharing Services, Inc. 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 following websites mentioned in this article are www.elevacity.com and www.elepreneur.com.

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 because 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.

Contact:

Sharing Services, Inc.
Investor Relations
(714) 203-6717
Info@SharingSevicesInc.com

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