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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Stemtech Corporation Completes Public Listing, Expands Life Sciences Advisory Board

August 24, 2021 GMT

MIRAMAR, Fla., Aug. 24, 2021 (GLOBE NEWSWIRE) -- Stemtech Corporation (“Stemtech”), a leading nutraceutical company and a pioneer in the field of stem cell nutrition, announced today that it has completed its public listing by merging with Globe Net Wireless Corp. (GNTWD), and is now a publicly traded company. The Company has also begun the process of expanding its Life Sciences Advisory Board (LSAB).

“Stemtech is proud to add Dr. Enrique Martinez to its prestigious Life Sciences Advisory Board (LSAB),” said John W. Meyer, Chief Operating Officer of Stemtech. “Dr. Martinez brings his strong pedigree to the LSAB as a life sciences advisor. With an in-depth background in occupational medicine and general practice, Dr. Martinez has acted as a medical advisor to many global corporations, and the Federal Aviation Administration (FAA), among other organizations, and has an extensive knowledge of Stemtech nutritional product lines. We will continue to seek out qualified new members to add value to the Life Sciences Advisory Board.”

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Stemtech Corporation was founded on April 18, 2018, after acquiring the operations from its predecessor Stemtech International, which was founded in 2005. From 2010 through 2015, Stemtech International, Inc. was recognized four separate times by the Inc. 5000 Fastest-Growing Companies list. In 2018, the Company underwent an extensive executive reorganization, positioning the Company to begin expansion once again as a leading force in cellular nutrition. Known as the Stem Cell Nutrition Company®, the Company has a history of innovation, and was the first to market in the category of stem cell nutrition. According to market research firm Fortune Business Insights, the global nutraceuticals market is predicted to grow from $352.92 billion in 2021 to $658.11 billion in 2028 at a Compound Annual Growth Rate (CAGR) of 9.3% in the forecast period 2021-2028.

Stemtech specializes in creating products and formulas that are patent-protected in the U.S. and international markets. The Company’s patented formulas help the release, circulation and migration of the body’s adult stem cells from its bone marrow. Its products are all-natural and plant-based and manufactured under cGMP (Current Good Manufacturing Practices) under the auspices of the Dietary Supplemental Health and Education Act (DSHEA). The Company’s primary marketing and distribution channel is through a direct sales structure, which offers supplemental and residual income earning potential to Independent Business Partners (IBPs). The direct sales industry currently represents $192 billion dollars in annual sales, according to the Direct Selling Association (DSA). The Company has also expanded into sub-licensing agreements in select international markets.

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Additional information regarding the transaction is set forth in the Globe Net Wireless Corp. (GNTWD) Form 8K dated August 20, 2021, which was filed with the Securities and Exchange Commission.

About Stemtech Corporation

Stemtech Corporation, a leading nutraceutical 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 founded in 2005. From 2010 through 2015, Stemtech International, Inc., was recognized four separate times on the Inc. 5000 Fastest-Growing Companies list. In 2018, the Company underwent an extensive executive reorganization, and continued operations under new leadership. Stemtech specializes in creating products and formulas that are patent-protected in the U.S. and in select international markets. The Company’s patented formulas help the release, circulation and migration of the body’s adult stem cells from its bone marrow. The Company markets its products under the following brands: RCM System, stemrelease3™, Stemflo® MigraStem™, DermaStem®, DermaStem Lift, OraStem® (Oral Health Care), and D-Fuze™. Its products are all-natural and plant-based and manufactured under cGMP (Current Good Manufacturing Practices) under the auspices of the Dietary Supplemental Health and Education Act (DSHEA). For more information, please visit www.stemtech.com.

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 Form 8K filed on August 20th, 2021. 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.

For Further Information, Contact:

Investors: Frank J. Pena, 908-675-0581, fpena@stemtech.com