Stemtech International, is an USA based network marketing company and offers “innovation, wellness and prosperity” in the global marketplace with a patented and patent-protected line of all-natural nutritional products that can be purchased only from Independent Business Partners.
In 2015 the company had a revenue of $52 million in 2016 $43 million.
According to Stemtech reasons for the bankruptcy is a long lasting and lost lawsuit against Andrew Paul Leonard a photographer of stem cells, as a lawsuit against a supplier of raw materials Cerule. Total amount creditors is approx. $5 million.
In August 2015 Inc. Magazine has included Stemtech International Inc. on its List of the Fastest-Growing Private Companies in America for the third consecutive year. Stemtech has now appeared on this prestigious list three years in a row and a fourth time in six years, a feat unmatched by any other company in the direct selling industry.
About Stemtech and Ray Carter
Ray Carter oversees the strategic direction and day-to-day operations of Stemtech International, Inc., the ground-breaking direct seller of innovative nutritional, personal care and ECO products, based in South Florida. With Carter at the helm, Stemtech has grown rapidly, currently employing over 200 staff members who support operations in more than 50 countries on six continents.