Stemtech Corporation (“Stemtech”) (OTCQB: STEK),
an innovative nutraceutical company and a pioneer in the field of
stem cell nutrition, today announced that Stemtech has adopted a
suite of sales enablement software solutions, developed by
Verb Technology Company, Inc. (Nasdaq: VERB),
including verbCRM, VERB’s white-labelled interactive video-based
customer relationship management application, and verbLIVE, VERB’s
interactive livestream eCommerce and shoppable video and webinar
application, for use in direct selling and customer and prospect
communications by its network of Independent Business Partners
(IBPs).
Stemtech specializes in creating products and
formulas that are patent protected in the U.S. and international
markets. Its patented formulas help the release, circulation and
migration of the body’s adult stem cells from its bone marrow. Its
products are all-natural, plant-based and manufactured under cGMP
(Current Good Manufacturing Practices) under the auspices of the
Dietary Supplemental Health and Education Act (DSHEA). Stemtech has
a history of innovation, was the first to market in the category of
stem cell nutrition and was recognized four separate times by Inc.
5000 Fastest-Growing Companies list. Stemtech’s primary marketing
and distribution channel is through a direct sales structure, which
offers supplemental and residual income-earning potential to
IBPs.
VERB is the leader in interactive video-based
sales enablement applications, including interactive livestream
eCommerce and shoppable video, webinar, CRM, and marketing
applications for enterprises and entrepreneurs., verbCRM, VERB’s
interactive video-based customer relationship and content
management system, will be used as a selling tool by Stemtech’s
IBPs in marketing its products, acquiring new customers, and
strengthening existing customer relationships. The platform allows
users to easily manage, share directly with customers and prospects
and through social media, and track interactive content, such as
product literature and media, demo videos, and personalized videos.
It provides interaction analytics so IBPs can determine which
content is resonating with their prospects and assess overall
customer engagement and campaign effectiveness. This enables IBPs
to focus their time and energy more effectively on high-probability
sales prospects who have shown interest, thereby increasing their
sales conversion rates. Stemtech’s verbCRM implementation also
includes VERB’s Business Tiles feature, which integrates verbCRM
directly into Stemtech’s back-office systems, allowing IBPs access
to key reports and metrics relevant to improving their
business-building efforts natively on the verbCRM app. verbLIVE,
VERB’s powerful interactive livestream ecommerce application, will
be used by IBPs to engage directly with customers and prospects
during live video sessions that allow viewers to quickly buy,
receive additional product information, set up appointments, and
access other customizable interactive features through clickable
in-video buttons.
“We are dedicated to supporting and empowering
Stemtech’s expansive network of Independent Business Partners by
equipping them with the most current and best-in-class digital
technology sales tools available,” said John W. Meyer, President
and COO of Stemtech. “With VERB’s sales enablement applications,
our IBPs will be able to capitalize on our social media assets and
content and more effectively engage with customers and prospects
via livestream video to bolster our customer acquisition efforts
and increase sales conversion rates.”
Stemtech’s Vice President of Global Performance,
Sandra Kazickaite, says “our select Field IBP’s who have been beta
testing the new mobile app ‘Stemtech Advance Office’, powered by
VERB, has been very successful and we are all most excited to
launch shortly.”
“We are thrilled to include Stemtech among the
forward-thinking companies that have embraced VERB’s interactive
video and livestreaming technology to grow sales,” said Rory J.
Cutaia, CEO of VERB. “VERB has developed a suite of easy-to-use
products that create a friction-free, fun, social, and video-based
sales experience to enhance customer engagement, while providing
real-time viewer engagement analytics for more effective follow-ups
that drive sales conversion rates. We are proud to be Stemtech’s
technology partner to help empower its Independent Business
Partners with industry-leading sales enablement tools.”
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, OraStem® (Oral Health Care), and D-Fuze™ (EMF
blocker). Its products are all-natural and plant-based and
manufactured under cGMP (Current Good Manufacturing Practices)
under the auspices of the Dietary Supplement Health and Education
Act (DSHEA). For more information, please visit
www.stemtech.com.
About VERB
Verb Technology Company, Inc. (Nasdaq: VERB),
the market leader in interactive video-based sales applications,
transforms how businesses attract and engage customers. The
Company’s Software-as-a-Service, or SaaS, platform is based on its
proprietary interactive video technology, and is comprised of a
suite of sales enablement business software products offered on a
subscription basis. Its software applications are used by hundreds
of thousands of people in over 60 countries and in more than 48
languages. VERB’s clients include large sales-based enterprises as
well as small business sales teams, including the sales and
marketing departments of professional sports teams. MARKET is
VERB’s multi-vendor, multi-presenter, livestream social shopping
platform at the forefront of the convergence of ecommerce and
entertainment. With approximately 180 employees, the Company is
headquartered in Lehi, Utah, and it also maintains offices in
Newport Beach, California.
For more information, please visit:
www.verb.tech.
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 May 16th, 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.
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Investor Relations: |
VERB |
Stemtech Corporation |
888.504.9929 |
Frank J. Pena, 908 675-0581 |
investors@verb.tech |
fpena@stemtech.com |
|
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Media Contact: |
|
VERB |
Stemtech Corporation |
855.250.2300, ext.107 |
Frank J. Pena, 908-675-0581 |
info@verb.tech |
fpena@stemtech.com |
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