BOCA RATON, Florida, March 3, 2020 /PRNewswire/ -- StemSation International, Inc. (OTC Pink: STSN) announces the opening of its regional European headquarters in Sofia, Bulgaria and reports first month Revenue.
Svetlana Nedkovska, Managing Director of Europe, has successfully established StemSation's regional office in Sofia, Bulgaria as StemSation's gateway into Europe. The staff in Bulgaria includes well-educated and trained individuals with international experience and a multicultural approach. The Bulgaria based team provides exceptional customer service offered in English, French, Spanish, Russian and Bulgarian while collectively offering decades of experience in the fields of digital marketing, graphic design, marketing strategies, business psychology, and financial and operational support for StemSation's Independent Wellness Advisors ("IWA's) in Europe.
The European health and wellness market is comprised of highly educated consumers, who make well informed purchases and seek out the best quality products which support and repair the human body while fighting the negative impacts of stress and environmental toxins. StemRCM™ (https://www.stemsation.global/www/en/us/pc/signup/) checks all the boxes and is gaining market awareness with purchases from over 150 new IWA's in its first month of being available, generating over $27,000 in revenues for StemSation, with many of the new accounts providing recurring monthly revenues. The Bulgarian office anticipates that once StemSation's full line is available, new European account openings will increase leading to positive operating results for StemSation.
Sveltana Nedkovska, Managing Director of Europe commented, "We are very excited to be partnering with Ray Carter, Dr. Mira Gadzala, Nicholas Panza and the rest of the team at StemSation. Ray is a visionary with a proven track record of successfully developing an International Direct Selling Business Model. Dr. Gadazala is brilliant at developing novel quality products which support the quality of life for our IWA's and customers. Nick is an experienced business operator, who understands our vision and is focused on building a foundation poised for growth. Together we make a great team destined for success. The initial response from our IWA's in Europe is very positive and we anticipate great things to come."
ABOUT SVETLANA NEDKOVSKA
Svetlana Nedkovska, Managing Director Europe has over three decades of business experience in large international companies, mostly in the direct selling industry for the European region. Based in Bulgaria, she brings passion to business and is an inspiring leader and community charitable volunteer. Svetlana holds a master's degree in Industrial Management and graduated summa cum laude with her second master's in Organizational Behavior Psychology. She is a certified mediator, an experienced business and organizational analyst, and professional consultant. Svetlana is fluent in English, Bulgarian and Russian.
ABOUT THE ECONOMY OF BULGARIA
The economy of Bulgaria functions on the principles of free market, having a large private sector and a smaller public one. Bulgaria is an industrialized upper-middle-income country according to the World Bank and is a member of the European Union (EU), World Trade Organization (WTO), Organization for Security and Co-operation in Europe (OSCE) and Organization of the Black Sea Economic Cooperation (BSEC). The Bulgarian economy has experienced rapid growth in recent years reaching estimated gross domestic product (GDP) of $171.185 billion (PPP, 2019 est.), GDP per capita of $24,595 (PPP, 2019 est.), average gross monthly salary of 1281 leva (655 euro) (April, 2019), and net average monthly salary (adjusted for living costs in PPP) of $1505 (2019) . The national currency is the lev (plural leva), pegged to the euro at a rate of 1.95583 leva for 1 euro. The lev is the strongest and most stable currency in Eastern Europe.
ABOUT STEMSATION INTERNATIONAL, INC.
StemSation International, Inc. (OTC "STSN") develops, manufactures and distributes natural wellness products that support the stem cell and endocannabinoid systems in the human body by using a direct selling model in which Independent Wellness Advocates ("IWAs") advertise and sell its products directly to consumers. StemSation is headquartered in Boca Raton, Florida, it's website can be found at www.stemsation.global and social media can be found on Facebook at
https://www.facebook.com/StemsationGlobal/, on Twitter at https://twitter.com/StemsationI, on Instagram at https://www.instagram.com/stemsationglobal/ and on Linkedin at https://www.linkedin.com/company/stemsation-international-inc/.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
FOR MORE INFORMATION, PLEASE CONTACT:
Nicholas B. Panza, Vice-President
StemSation International, Inc.
7777 Glades Road
Boca Raton, FL 33434
+1 (561) 245-7454
SOURCE StemSation International, Inc.