Mannatech,
Incorporated
(NASDAQ: MTEX),
the leading innovator and provider of nutritional supplements and skin
care products based on Real
Food Technology® solutions, announced today that the
Australian government has granted Dr. Talitha Best a 12-month
Researchers in Business (RiB) grant to help develop research on
Mannatech’s glyconutritional products.
The $10 million RiB program is part of Enterprise Connect, an initiative
within the Australian
government’s Department of Innovation, Industry, Science and Research.
The program is designed to accelerate industry innovation and
competitiveness by connecting university and public agency researchers
with businesses that wish to develop new ideas with commercial
potential. RiB initiatives are destined to play an important role in
enhancing the transfer of university intellectual capital into practical
business applications and to stimulate the dissemination of industry
knowledge back into the research community. Exciting innovation is
expected to flow from breaking down the cultural divide between academia
and business.
"Mannatech is pleased to be collaborating with the government of
Australia, the University of South Australia (UniSA) and Dr. Talitha
Best on this project,” said
Dr. Robert Sinnott, co-CEO and chief science officer of Mannatech.
"Australia has a wonderful business climate, and by virtue of its
geographical location, it is a key interface between the Western world
and Asia. Australia is a perfect place to develop innovation that will
carry companies forward for years to come.”
For more than six years, Dr. Best, a post-doctoral research fellow at
the Nutritional Physiology Research Centre, UniSA, and the Brain
Sciences Institute, Swinburne University of Technology, has been
investigating the impact of dietary saccharides on human brain function.
She has presented her findings at numerous scientific conferences and
has shown, in two randomized, double-blind, placebo-controlled human
clinical trials, that intake of Mannatech’s saccharide supplement,
Ambrotose® complex, can provide both immediate and long-term
improvements in memory, cognition and well-being (1)†,(2)‡*.
"With Australia’s reputation as an important contributor to
groundbreaking clinical trial glyconutrition research, this grant is
both apposite and timely,” said George Howden, general manager,
Mannatech Australia. "The research and development derived from this
project will serve as a catalyst for uncovering new discoveries
regarding the impact of glyconutrients on health, thus driving the
wellness industry to new heights.”
Individuals interested in Mannatech’s products or exploring its business
opportunity are encouraged to learn more at Mannatech.com.
About Mannatech
Mannatech, Incorporated, develops high-quality health, weight and
fitness, and skin care products that are based on the solid foundation
of nutritional science and development standards. Mannatech is dedicated
to its platform of Social Entrepreneurship based on the foundation of
promoting, aiding and optimizing nutrition where it is needed most
around the world. Mannatech’s proprietary products are available through
independent sales Associates around the globe including the United
States, Canada, South Africa, Australia, New Zealand, Austria, Denmark,
Germany, Norway, Sweden, the Netherlands, the United Kingdom, Japan,
Taiwan, Singapore, Estonia, Finland, the Republic of Ireland, Czech
Republic, the Republic of Korea and Mexico. For more information, visit Mannatech.com.
Please note: This release contains "forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as amended,
and the Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally can be identified by use of phrases
or terminology such as "intend” or other similar words or the negative
of such terminology. Similarly, descriptions of Mannatech’s objectives,
strategies, plans, goals or targets contained herein are also considered
forward-looking statements. Mannatech believes this release should be
read in conjunction with all of its filings with the United States
Securities and Exchange Commission and cautions its readers that these
forward-looking statements are subject to certain events, risks,
uncertainties and other factors. Some of these factors include, among
others, Mannatech’s inability to attract and retain Associates and
Members, increases in competition, litigation, regulatory changes and
its planned growth into new international markets. Although Mannatech
believes that the expectations, statements and assumptions reflected in
these forward-looking statements are reasonable, it cautions readers to
always consider all of the risk factors and any other cautionary
statements carefully in evaluating each forward-looking statement in
this release, as well as those set forth in its latest Annual Report on
Form 10-K and Quarterly Report on Form 10-Q, and other filings filed
with the United States Securities and Exchange Commission, including its
current reports on Form 8-K. All of the forward-looking statements
contained herein speak only as of the date of this release.
1. Best T, Kemps E, Bryan J. Saccharide effects on cognition and
well-being in middle-aged adults: A randomized controlled trial. Dev
Neuropsych 2010;35:66–80.
2. Best T, Howe P, Bryan J, Buckley J, Scholey A. Plant polysaccharides,
memory and cognition in middle-aged adults. Presented at the 38th
Australasian Experimental Psychology Conference in Auckland, New
Zealand, April 28–30, 2011.
† Mannatech provided the Ambrotose supplement and placebo
used in this study.
‡Mannatech provided partial funding and provided the
Ambrotose supplement and placebo used in this study.
*These statements have not been evaluated by the Food and Drug
Administration. These products are not intended to diagnose, treat, cure
or prevent any disease.
