Mannatech,
Incorporated
(NASDAQ: MTEX),
the leading developer and provider of nutritional supplements and skin
care products based on Real
Food Technology® solutions, officially opened
office headquarters last Saturday in four new countries across central
and eastern Europe, including the Czech Republic, Estonia, Finland
and the Republic of Ireland. The openings bring Mannatech’s
global presence to 21 countries, including Canada, England,
Japan, Mexico, South Africa and South Korea.
"Since 1994, we have supported hard-working people looking to improve
their lives through healthy living and entrepreneurial opportunities,” said
Dr. Robert Sinnott, co-CEO and chief science officer of Mannatech.
"We have found that millions of Europeans share this same passion for
changing lives through proven wellness products and a profitable
home-based business, so further expansion into Europe is a perfect fit
for all of us.”
Mannatech has distinguished itself in the emerging glyconutrient market
through the scientific development of its proprietary Ambrotose®
complex. This technology holds more than 48 patents in 30 countries
around the world. Many of Mannatech’s products, including Ambrotose, are
based on Real Food Technology solutions, which provide consumers with
products that contain standardized levels of natural and plant-sourced
nutrients.
Al
Bala, executive vice president of sales
suggests the
addition of these four strategic markets sets the stage for potential
future expansion into Central and Eastern Europe.
"According to the Direct
Selling Association, there are currently more than 340,000
individuals living in these countries already involved in direct sales,
creating €230 million ($335 million USD) in annual revenue,” he said.
"No one offers the science we do. Add to that our commitment to social
entrepreneurship and an integrative health platform, and it is obvious
that Mannatech provides any entrepreneur with vision a dynamic
opportunity to make a difference.”
Individuals interested in Mannatech’s products or exploring its business
opportunity can 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 Entrepreneurism 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, 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.
