STOCK TITAN

StemSation International Provides Corporate Updates

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags

StemSation International (OTC: STSN), a South-Florida based company, has provided corporate updates on their expanded business model. The company, which has licensed technology for flavored, canned oxygen products, is exploring new business initiatives. CEO Benjamin Silber stated that while they initially targeted green energy companies for acquisition, they are now focusing on opportunities in the consumer goods sector, particularly 'impulse buy' products for convenience store cash registers.

This shift aligns with recent data from the National Association of Convenience Stores (NACS), which reported record sales of $859.8 billion in 2023, including $327.6 billion from in-store sales. StemSation aims to leverage the sales advantage of register space, where customers have already committed to making a purchase. The company expects to provide additional updates on their business plan shortly.

StemSation International (OTC: STSN), un'azienda con sede in Florida del Sud, ha fornito aggiornamenti aziendali sul suo modello di business ampliato. L'azienda, che ha ottenuto in licenza la tecnologia per prodotti di ossigeno in lattina aromatizzati, sta esplorando nuove iniziative commerciali. Il CEO Benjamin Silber ha dichiarato che, sebbene inizialmente avessero mirato ad acquisire aziende nel settore delle energie rinnovabili, ora si stanno concentrando su opportunità nel settore dei beni di consumo, in particolare su prodotti 'd'acquisto impulsivo' per le casse dei minimarket.

Questo cambiamento si allinea con i dati recenti dell'Associazione Nazionale dei Minimarket (NACS), che hanno riportato vendite record di 859,8 miliardi di dollari nel 2023, di cui 327,6 miliardi derivanti dalle vendite in-store. StemSation mira a sfruttare il vantaggio delle vendite legato allo spazio alla cassa, dove i clienti hanno già impegnato un acquisto. L'azienda prevede di fornire ulteriori aggiornamenti sul proprio piano aziendale a breve.

StemSation International (OTC: STSN), una empresa con sede en el sur de Florida, ha proporcionado actualizaciones corporativas sobre su modelo de negocio ampliado. La empresa, que ha licenciado tecnología para productos de oxígeno enlatados con sabor, está explorando nuevas iniciativas comerciales. El CEO Benjamin Silber declaró que, aunque inicialmente se dirigieron a empresas de energía verde para adquisiciones, ahora se están enfocando en oportunidades en el sector de bienes de consumo, particularmente en productos de 'compra por impulso' para las cajas registradoras de las tiendas de conveniencia.

Este cambio se alinea con los datos recientes de la Asociación Nacional de Tiendas de Conveniencia (NACS), que informaron sobre ventas récord de 859.8 mil millones de dólares en 2023, incluyendo 327.6 mil millones de dólares en ventas en la tienda. StemSation pretende aprovechar la ventaja de ventas del espacio en la caja, donde los clientes ya han decidido realizar una compra. La empresa espera proporcionar actualizaciones adicionales sobre su plan de negocio en breve.

스 stemSation International (OTC: STSN), 플로리다 남부에 본사를 둔 회사는 확대된 비즈니스 모델에 대한 기업 업데이트를 제공했습니다. 이 회사는 맛이 나는 캔 산소 제품에 대한 기술을 라이센스하고 있으며 새로운 비즈니스 이니셔티브를 탐색하고 있습니다. CEO 벤자민 실버는 처음에 친환경 에너지 회사를 인수 대상으로 삼았지만 현재는 편의점 계산대의 '충동 구매' 제품과 같은 소비재 부문의 기회에 집중하고 있다고 밝혔습니다.

이 전환은 미국 편의점 협회(NACS)의 최근 데이터와 일치하며, 2023년에는 8598억 달러의 기록적인 판매를 보고했으며, 이 중 3276억 달러는 매장 판매에서 발생했습니다. StemSation은 고객이 이미 구매를 결정한 계산대의 판매 공간을 활용하려고 합니다. 회사는 곧 비즈니스 계획에 대한 추가 업데이트를 제공할 것으로 예상됩니다.

StemSation International (OTC: STSN), une entreprise basée dans le sud de la Floride, a fourni des mises à jour d'entreprise sur son modèle commercial élargi. L'entreprise, qui a licencié une technologie pour des produits d'oxygène en conserve aromatisés, explore de nouvelles initiatives commerciales. Le PDG Benjamin Silber a déclaré que, bien qu'ils aient initialement ciblé les entreprises d'énergie verte pour des acquisitions, ils se concentrent maintenant sur des opportunités dans le secteur des biens de consommation, notamment des produits d' 'achat impulsif' pour les caisses des magasins de proximité.

Ce changement est en phase avec les données récentes de l'Association nationale des magasins de proximité (NACS), qui ont rapporté des ventes record de 859,8 milliards de dollars en 2023, dont 327,6 milliards de dollars provenant des ventes en magasin. StemSation vise à exploiter l'avantage de vente de l'espace à la caisse, où les clients se sont déjà engagés à effectuer un achat. L'entreprise s'attend à fournir prochainement des mises à jour supplémentaires sur son plan d'affaires.

StemSation International (OTC: STSN), ein Unternehmen mit Sitz in Südflorida, hat Unternehmensaktualisierungen zu seinem erweiterten Geschäftsmodell bereitgestellt. Das Unternehmen, das Technologie für aromatisierte, in Dosen abgefüllte Sauerstoffprodukte lizenziert hat, erkundet neue Geschäftsinitiativen. CEO Benjamin Silber erklärte, dass sie zunächst grüne Energieunternehmen für Übernahmen anvisierten, sich jetzt jedoch auf Möglichkeiten im Bereich der Konsumgüter konzentrieren, insbesondere auf 'Impuls-Kauf'-Produkte für die Kassen von Convenience-Stores.

Dieser Wandel steht im Einklang mit aktuellen Daten des National Association of Convenience Stores (NACS), die Rekordverkäufe von 859,8 Milliarden Dollar im Jahr 2023 berichteten, einschließlich 327,6 Milliarden Dollar aus Verkäufen im Laden. StemSation zielt darauf ab, den Verkaufs Vorteil des Kassenraums zu nutzen, wo Kunden bereits bereit sind, einen Kauf zu tätigen. Das Unternehmen erwartet, in Kürze weitere Updates zu seinem Geschäftsplan bereitzustellen.

Positive
  • Expansion into consumer goods sector, focusing on 'impulse buy' products
  • Potential acquisition of consumer products companies
  • Alignment with growing convenience store industry, which saw record sales of $859.8 billion in 2023
  • Strategy to leverage high-value register space in convenience stores
Negative
  • Unsuccessful attempts to acquire green energy companies as initially planned
  • Delayed roll-out of their own consumer goods products

StemSation International is providing updates on corporate planning and direction as they execute on an expanded business model

PLANTATION, Fla., Aug. 12, 2024 (GLOBE NEWSWIRE) -- StemSation International (OTC: STSN), a South-Florida based company that has licensed technology for the production and distribution of flavored, canned oxygen products is announcing new business initiatives for the upcoming months.

"We announced last year that we had streamlined our current business and would be seeking further licensing opportunities and asset acquisitions,” stated Benjamin Silber, CEO of StemSation International. “Working closely with advisors, we are concentrating on business segments with proven growth. While we had targeted green energy companies as our initial acquisition targets, we have not found the right fit yet for the company,” he continued. “As we work on the roll-out of our consumer goods products, we have found some opportunities in this space that allow for the current acquisition of consumer products companies while providing a distribution platform for future StemSation products. The focus would be ‘impulse buy’ products by the cash registers of convenience stores. We expect to have updates shortly as we move these projects forward,” he concluded.

According to newly released data from the National Association of Convenience Stores (NACS), convenience stores saw record sales in stores in 2023. Total convenience industry sales in 2023 were $859.8 billion, of which $327.6 billion were from in-store sales. The display space around the cashier is the most crucial area in the store to build incremental sales. There is a sales advantage at the register space because the customer has already committed to making a purchase. At this point, the store is leveraging impulse behaviors to increase incremental sales.

StemSation expects to have additional updates shortly as they fulfill on their current business plan.

About StemSation International
StemSation International, Inc. (OTC PINK: STSN) is researching the developing, marketing and distribution of flavored, canned oxygen products. These products will be distributed in a lifestyle model to the beverage industry as well as colleges, restaurants and bars. StemSation is headquartered in Plantation, Florida.

SEC Disclaimer
his press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in StemSation international's ("the Company") business plan. The announcement of acquisition plans should not be construed as an indication in any way whatsoever of the future value of the Company’s common stock or its financial value. The Company's filings may be accessed at the OTC Market’s disclosures at www.otcmarkets.com. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.

Contact:
StemSation International
Benjamin Silber
BSilber@stsninc.com

FAQ

What new business direction is StemSation International (STSN) pursuing?

StemSation International (STSN) is shifting focus to the consumer goods sector, particularly 'impulse buy' products for convenience store cash registers, while also considering acquisitions of consumer products companies.

Why did StemSation International (STSN) change its acquisition targets from green energy companies?

StemSation International (STSN) changed its acquisition targets because they were unable to find the right fit in the green energy sector, leading them to explore opportunities in the consumer goods space instead.

What is the significance of convenience store sales data for StemSation International's (STSN) new strategy?

The record convenience store sales of $859.8 billion in 2023 support StemSation International's (STSN) strategy to focus on 'impulse buy' products near cash registers, leveraging the high-value space for incremental sales.

When does StemSation International (STSN) expect to provide further updates on its business plan?

StemSation International (STSN) expects to provide additional updates on their business plan shortly, as they move forward with their new initiatives in the consumer goods sector.

STEMSATION INTL INC

OTC:STSN

STSN Rankings

STSN Latest News

STSN Stock Data

4.49M
207.36M
Drug Manufacturers - Specialty & Generic
Healthcare
Link
United States of America
Boca Raton