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STEMTECH CORP (STEK) is a leading stemceutical company specializing in stem cell nutrition health products. With a global expansion strategy in place, STEMTECH has secured exclusive agreements to bring its innovative products to new markets in Africa and beyond.
STEMTECH's patented stem cell nutrition, skin care, and oral care products, including StemRelease3™, StemFlo Advanced®, MigraStem™, OraStem™, and Cellect One™ Rapid Renew Stem Cell Peptide Night Cream, have garnered significant interest in regions like Kenya, Uganda, Tanzania, Ghana, Democratic Republic of Congo, and Nigeria.
The company's recent achievements include partnerships with established direct sales companies to distribute its cutting-edge health products, leveraging the surging demand for natural stem cell-based nutraceuticals. With a focus on providing scientifically proven solutions to improve health and wellness, STEMTECH is well-positioned to capitalize on the growing stem cell market, projected to reach $30 billion by 2030.
Stemtech Corporation has appointed Mr. I. Tufan Obuz as Chief Administrative Officer (CAO), a key addition to the executive management team. Mr. Obuz, a CPA, will oversee global accounting and finance activities, ensuring compliance and operational efficiency. This strategic hire aims to strengthen financial resources and improve reporting compliance for the publicly traded company (OTCQB:STEK). CEO Charles Arnold emphasized Mr. Obuz's extensive experience, which will benefit Stemtech's global operations. The company, founded in 2018, specializes in stemceutical products and has seen significant growth since transitioning to public trading in 2021.
Stemtech (OTCQB: STEK) has secured a $7 million investment to facilitate its expansion into Colombia and Ecuador. The funding will eliminate the company's largest credit facility and support its strategic growth plan, Vision 2023. Historically, Stemtech recorded over $10 million in sales in Colombia from 2009 to 2017, and plans to introduce a full product range in Ecuador, where demand is high. The global stem cell market is projected to grow from $5.14 billion in 2022 to $6.45 billion in 2023, with a CAGR of 25.5%. This investment reflects strong confidence in Stemtech’s management and potential for increased revenues with innovative products.
Stemtech Corporation (OTCQB: STEK) has announced a series of Business Academies for Independent Business Partners (IBPs) in 2023, scheduled in Mexico, the United States, and Taiwan. The first event will occur in Agua Calientes, Mexico from May 4-6, followed by a gathering in Las Vegas, NV in June, and concluding in Taiwan in October. These academies, part of the Stemtech 360 program, focus on training and promoting new products, including the recent introduction of Cellect One Rapid Renew Stem Cell Peptide Night Cream. This initiative aims to enhance IBPs' financial opportunities and is expected to support business growth globally.
Stemtech Corporation (OTCQB:STEK) has launched two new products in Taiwan as part of its Stemtech 360 program: Cellect One™ Skin Tightening and Repairing Serum and OraStem® Toothpaste. These additions aim to enhance their existing product offerings and are designed specifically for the Asian market. The company anticipates that these products will drive greater monthly sales than their peak in December 2022. Additionally, Stemtech Taiwan was recognized by the Taiwanese government for ethical business practices. Stemtech focuses on stem cell nutrition and offers income-earning opportunities for its Independent Business Partners.
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