MIRAMAR, FL, July 13, 2022 (GLOBE NEWSWIRE) — Stemtech Corporation (“Stemtech”) (OTCQB:STEK), was notified by OTC Markets at close of business Friday July 8th regarding a certain stock promotion which relates to our company’s stock. This press release is made by the Board to publicly comment on this Notice received by OTC Markets.
At close of business this past Friday, July 8th, OTC Markets notified our Company of a foreign stock promotion which we were unaware of, and provided Stemtech Corporation with a copy of an article from a UK web site called “World Finance”, which emphatically predicted share price appreciation in the Stem Cell arena in general, and our Company in particular. This promotion apparently based their material solely upon the past history of one of our Directors from publicly available material. Neither the Board nor our sole IR specialist, Winthorp Capital, have any knowledge of or involvement with said unknown third-party promotion; and would have remained ignorant of it but for the notice received from OTC Markets.
According to the copy of the promotion provided for review by OTCMarkets, the web site publishing the stock promotion was www.world-financial-times.com. The Company has reviewed said release and determined that the information posted was obtained from public information, the Company’s website and possibly certain filings by the Company with the SEC. The statements regarding the potential meteoric rise in our share price…
