COPPELL, Texas--(BUSINESS WIRE)--Nov. 15, 2016--
Mannatech,
Incorporated (NASDAQ: MTEX)
(“Mannatech”), a global health and wellness company committed to
transforming lives to make a better world, announced that its
co-founder, Marlin Ray Robbins, gave notice of his resignation as a
member of Mannatech’s Board of Directors on Thursday, November 10,
effective immediately as of such date. Robbins, Mannatech’s top sales
associate, announced that he resigned from his position as Director in
order to focus on his business as an independent associate of Mannatech,
and his decision to resign was not the result of any disagreement with
Mannatech.
“It has been both an honor and a privilege to serve on Mannatech’s Board
of Directors,” said Marlin “Ray” Robbins. “My fifteen years on the board
has been extremely rewarding, and I have witnessed nothing but
dedication and professionalism in my time serving. I am looking forward
to remaining very active in pursuing my Mannatech business as an
Associate.”
Alfredo “Al” Bala, President and CEO of Mannatech, said, “We are very
grateful for Ray’s contributions to the Board of Directors, and we’ve
appreciated having his field perspective and representation. We
anticipate an announcement soon on continued field representation on the
Board of Directors. We wish Ray success as we continue working with him
as our top Associate, and we look forward to his future contributions to
Mannatech.”
About Mannatech
Mannatech, Incorporated is committed to transforming lives through the
development of high quality integrated health, weight management,
fitness and skin care products distributed through its global network of
independent associates and members. The company has been operating for
more than 20 years with operations in more than 25 countries. 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 “may,” “will,” “should,” “could,” “would,”
“expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,”
“approximates,” “predicts,” “projects,” “potential,” and “continues” 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 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161115006825/en/
Source: Mannatech, Incorporated
Mannatech, Incorporated
Donna Giordano, 972-471-6512
Manager,
Executive Office Administration
ir@mannatech.com
www.mannatech.com