Stemtech Announces Additional Expansion of International Markets

Rhea-AI Summary

Stemtech Corporation (OTCQB: STEK) has initiated the registration process for its products as part of its expansion into Colombia, aiming to establish an office in Bogotá. This decision follows requests from Field leaders during a Leadership Event in December 2022 and aligns with the company's 'Just One More' concept. CEO Charles S. Arnold highlighted Colombia's potential market for their stemceutical™ products, particularly emphasizing the new Cellect One™ Rapid Renew Stem Cell Peptide Night Cream. The initiative is part of the 2023 strategic business plan, focusing on growth in Latin America, leveraging advancements in their AdvanceOffice mobile app for better communication and recruitment.

Positive

• Initiating product registration for entering the Colombian market.
• Plans to establish an office in Bogotá based on Field leaders' requests.
• Introduction of Cellect One™ Rapid Renew Stem Cell Peptide Night Cream as part of product offerings.
• Expansion into Colombia aligns with the 2023 strategic growth objectives.

Negative

• None.

Registration process for all products begins, preparing Stemtech to launch Stemtech Colombia

MIRAMAR, FL / ACCESSWIRE / February 2, 2023 / STEMTECH CORPORATION (OTCQB:STEK) President and Chief Operating Officer, John W. Meyer, says "Stemtech has started working to launch Stemtech Colombia with our country offices intended to be located in Bogota. During our Leadership Event held last December 2022 in Cancun, Mexico, we were requested by our Field leaders to undertake opening a Colombia office. Given the existing relationships between our Latin American Independent Business Partners (IBPs) and residents in that country. This also fits into our company concept of ‘Just One More' by adding a new market".

Stemtech CEO, Charles S. Arnold, says "Colombia is a very exciting market for Stemtech as it is a great country in which to introduce the health and wellness benefits of our anti-aging, all-natural, plant-based stemceutical™ products. In addition, technology advances we have made with our AdvanceOffice mobile app, will help to provide leading-edge communication and easier recruiting tools for our IBPs to share the Stemtech opportunity for building an entrepreneurial business for Colombian citizens with the opportunity to earn additional income".

Stemtech`s Vice President of Global Sales, Alejandro Carrillo states "the VISION 2023 strategic business plan initiative includes expansion of our Latin American markets. This is the first step toward achieving this objective this year. Colombia is an opportunity as one of the top Latin countries to expand and grow our business. We are beginning to develop the registration process for all of our products, including the recently introduced Cellect One™ Rapid Renew Stem Cell Peptide Night Cream, which is the first of our skin care line to be introduced".

ABOUT STEMTECH
Stemtech Corporation, a leading stemceutical™ company with a direct sales distribution model, was founded on April 18, 2018, after acquiring the operations from its predecessor Stemtech International, Inc., which was established in 2005. From 2010 through 2015, Stemtech International, Inc., was recognized four separate times on the Inc. 5000 Fastest-Growing Companies list. In 2018, Stemtech underwent an extensive executive reorganization, and continued operations under new leadership as Stemtech Corporation. In August 2021, Stemtech became a publicly traded company (OTCQB: STEK) and has expanded business opportunities for its Independent Business Partners, who may earn incomes by sharing Stemtech products. January 2022 saw the introduction of new marketing efforts. In August 2022, Professor Doctor Bankole Johnson joined Dr. Enrique Martinez and Dr. Lizette Leos on the Stemtech Life Sciences Advisory Board. In September 2022, the new Stemtech AdvanceOffice mobile app based on the VERB Technology platform was successfully launched as a powerful communication - recruiting tool for our Field. In October, Life Factor Research became the Research and Development, product formulation - science division of Stemtech to create cutting-edge stemceuticals and other products. On November 1, 2022, Stemtech introduced the new travel/sample size OraStem® Toothpaste. On December 6, Stemtech announced the promotion of Alejandro Carrillo to the role of Vice President Global Sales from his current role as Managing Director Latin Markets. Stemtech introduced the new CellectOne™ Rapid Renew Stem Cell Peptide Night Cream at their December 2022 International Leadership Event in Cancun, Mexico. January 10 2023 Stemtech appoints Margie and Mike Mares to Field Advisory Board. Last month, Stemtech Ranked Number 11 in Momentum out of 700+ top Global MLM companies by Business For Home independent MLM publication, January 23, 2023.

Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects" and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Numerous factors could cause or contribute to such differences, including, but not limited to, results of clinical trials and/or other studies, the challenges inherent in new product development initiatives, the effect of any competitive products, our ability to license and protect our intellectual property, our ability to raise additional capital in the future that is necessary to maintain our business, changes in government policy and/or regulation, potential litigation by or against us, any governmental review of our products or practices, as well as other risks discussed from time to time in our filings with the Securities and Exchange Commission, including, without limitation, our latest 10-Q Report filed on November 23, 2022. We undertake no duty to update any forward-looking statement, or any information contained in this press release or in other public disclosures at any time. Finally, the investing public is reminded that the only announcements or information about Stemtech Corporation which are condoned by the Company must emanate from the Company itself and bear our name as its Source.

www.Stemtech.com

Investor Relations:
Phone: 954-715-6000 ext 1040
Email: invrel@stemtech.com

SOURCE: Stemtech Corporation

View source version on accesswire.com:
https://www.accesswire.com/737815/Stemtech-Announces-Additional-Expansion-of-International-Markets

FAQ

What is Stemtech Corporation's plan for Colombia?

Stemtech Corporation is initiating the registration process for its products in Colombia and plans to open an office in Bogotá as part of its expansion strategy.

What new product is Stemtech introducing in Colombia?

Stemtech will introduce the Cellect One™ Rapid Renew Stem Cell Peptide Night Cream in Colombia.

What is the significance of the Colombian market for Stemtech?

The Colombian market presents significant growth opportunities for Stemtech's health and wellness products, particularly due to existing relationships with Latin American Independent Business Partners.

When did Stemtech announce its expansion into Colombia?

Stemtech announced its intention to expand into Colombia on February 2, 2023.

How does the AdvanceOffice app relate to Stemtech's expansion?

The AdvanceOffice app will facilitate communication and recruitment for Independent Business Partners in Colombia, aiding in the introduction of Stemtech products.