Stemtech Corporation Vision 2023: Anticipates Growth Rate in 2023 Will Exceed 2022
Stemtech Corporation (OTCQB:STEK) announced its VISION 2023 strategy, highlighting significant growth in 2022. Key achievements include a 20% increase in new Independent Business Partners and customers. The launch of the AdvanceOffice Mobile app aims to enhance distributor efficiency and communication. New product introductions, particularly the CellectOne™ peptide night cream, are anticipated to drive customer base and revenue growth in 2023. The company plans to host more in-person events to bolster the distributor network and leverage the excitement generated from recent conferences.
- 20% growth in new Independent Business Partners and customers in FY 2022.
- Launch of the AdvanceOffice Mobile app to improve distributor operations.
- Introduction of new products, including CellectOne™ night cream, expected to boost sales.
- Increased in-person events planned to strengthen distributor engagement.
- None.
MIRAMAR, FL / ACCESSWIRE / January 18, 2023 / STEMTECH CORPORATION - (OTCQB:STEK) today announced VISION 2023 concerning the exciting developments planned for the new year.
President and Chief Operating Officer, John W. Meyer says that "VISION 2023 for Stemtech was built on the foundations we enacted over the course of 2022. Our efforts were rewarded with a
"For the upcoming fiscal year, we expect to increase our customer base as well as revenue. Much of this stems not only from our new product lines or increasing sales, but as much our human factor. Our Field attendees came away from our Cancun event filled with excitement and new strategies to take to their customers, sharing the many opportunities of Stemtech. We believe that sales will increase considerably in 2023 given the launch of our new product lines, our new distributor tools, and having more in-person meetings and events planned. This will include Business Academy events and regional gatherings expanding our distributor base" says Vice President of Global Sales, Alejandro Carrillo.
Vice President of Global Performance, Sandra Kazickaite notes that "with Stemtech's new AdvanceOffice mobile app's enhanced features, we believe that our IBPs will be able to increase their ability to communicate with more prospective customers by at least twenty percent. They may share, track and follow-up as well as know their business key performance indicators in their hands, anytime, anywhere in real time."
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.
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.
Investor Relations:
Phone: 954-715-6000 ext 1040
Email: invrel@stemtech.com
SOURCE: Stemtech Corporation
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FAQ
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