Hong Kong residents will be able to order and enroll through Taiwan
operation
COPPELL, Texas--(BUSINESS WIRE)--Nov. 8, 2012--
Mannatech,
Incorporated (NASDAQ: MTEX),
the leading innovator and provider of nutritional supplements based on Real
Food Technology® solutions, announced today
the initiation of order shipments into Hong Kong from its existing
Taiwan operation. Implementation is planned to be completed by the end
of 2012.
This step serves as Mannatech’s first toward a formal opening of the
Hong Kong market. While dates for opening have not yet been set, this
newest development exhibits Mannatech’s strategic commitment to
international growth. According to the World Federation of Direct
Selling Associations, 2011 retail sales in Hong Kong from direct sales
companies reached $406 million in U.S. currency, with more than 155,000
identified independent distributors.
“We are excited about both the short-term potential of this new
cross-border strategy and the long-term possibilities of the Hong Kong
market for Mannatech,” said Dr. Robert Sinnott, Mannatech’s CEO and
Chief Science Officer. “Our goal is to nourish
the world with Mannatech’s Real Food Technology supplementation,
and to expand the reach of our global seamless compensation plan for
those who choose to champion our cause. Expanding into this emerging
Asian market is a promising and exciting step for our company’s future.”
Al Bala, Executive Vice President of Global Sales & Marketing, added,
“We’re not just excited about the opening of this new market, but also
what it means for our existing markets. For example, we’ve seen
impressive, ongoing growth from our North American Chinese base of
Associates. Creating this opportunity in Hong Kong should only further
support their efforts in building a global business with Mannatech.”
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, Namibia, 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.
Source: Mannatech, Incorporated
Mannatech, Incorporated
Brett Duncan, 972-471-7367
bduncan@mannatech.com