SALT LAKE CITY--(BUSINESS WIRE)--Following pre-launch celebrations in August, 2021, Teoma Global (TeomaGlobal.com), a leading Latin America networking company from Peru, has taken formal steps toward the launch of its North American headquarters in Utah. Teoma is a global provider of nutritional and personal care products with a presence in nine countries including the U.S. The company will celebrate its forthcoming new opening with a pre-launch event at the Grand America hotel in Salt Lake City in the Salon Imperial Ballroom A at 3:50 p.m. on Saturday, October 16. Community members and prospective brand partners interested in learning more about Teoma can RSVP at eventosteoma@teomaglobal.com.
The company’s mission is to preserve Andean resources and to share Peru’s millenary and ancestral traditions through high-quality products that provide “Wellness from the Andes” to as many people as possible throughout the world. Network marketing magazine VivaElNetworking recently named Teoma as Latin America’s “most economically solid” networking company in acknowledgment for its exponential growth and historic sales levels during the pandemic.
For David Novoa, CEO of Teoma Global, the company’s continued expansion particularly during the pandemic is a great achievement not only for the company but also for Peru. "We will make Andean’s treasured resources available to the entire world through Wellness from the Andes, which lends the richness of the region’s ancient resources into natively-developed products formulated in our laboratories,” he says.
Co-Founder and President Felipe Novoa, notes the company chose Utah as its U.S. center because it is regarded as a global headquarters for Network Marketing. "There are at least 100 MLM companies in Utah, generating an annual income of more than 8 billion dollars, making it the state’s second largest industry after tourism," he said.
The leaders have committed to work closely with the U.S. Hispanic community to celebrate Teoma’s commencement of business in Utah on October 16. Statistically, there are more women than men in direct selling. For Teoma, the company will work with brand partners throughout the U.S., but most particularly with female and Hispanic partners in California, Florida, Texas and New York to advance the success of multilevel businesses as a profitable alternative to traditional entrepreneurship.
“We will focus on this segment to achieve a greater Hispanic identity,” the brothers said. “We are sure we will have the support of many brand partners and especially of Hispanics living in the U.S., however, we know that more than 80 percent of network marketing representatives in the U.S. are female. We want to empower them to succeed in starting their own businesses.”
There are currently more than two million Hispanic-owned businesses in the U.S., the leaders noted, constituting growth of more than 87% since 2007, according to the National Women's Business Council. These businesses are helping to fuel the U.S. economy.
During March, 2021, more than 64,000 Hispanics became entrepreneurs through Teoma, with the majority of them being females. The company has a presence in Peru, Mexico, Costa Rica, Ecuador, Bolivia, Chile, Argentina, Colombia and now in the United States, via Utah.
“U.S. Operations will begin with nine products including a new product line exclusive to the U.S. that seeks to improve people's quality of life,” David Novoa concluded.
“We are happy Teoma decided to grow its business in Utah as well as bring its headquarters here,” said Dan Hemmert, Utah Governor's Office of Economic Opportunity (Go Utah) executive director, during the company’s August 9 celebration in Utah. “We welcome Teoma to the state and wish them success.”
Teoma currently occupies offices in American Fork, Utah, and is looking for a location in Utah for its expanded North American headquarters.
About Teoma
Teoma Global is a network marketing company that originated in Peru in 2012. Based on high-quality products and dynamic business opportunities, it has quickly become the leading network marketing company in Peru and a paramount contender throughout all of Latin America. Most recently, Teoma is expanding into the United States as its ninth region of operation. Teoma is also unmatched in the passion among members to serve all people and to become the foremost and highest quality network marketing organization in the world. For more information, please visit www.TeomaGlobal.com.
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