Mannatech Officially Opens its Doors to Mexico Operations
COPPELL, Texas, Jan 24, 2011 (BUSINESS WIRE) --
Mannatech, Incorporated(NASDAQ: MTEX), a leading developer and provider of nutritional supplements and skin care products based on Real Food TechnologySM solutions,officially commences Mexico business operations on January 24 across all of Mexico.
"Mexico is one of the most important international market openings that Mannatech has ever undertaken, because Mexico is a hugely strategic market in its own right as well as a gateway to all Latin America," said Randy Bancino, president of Mannatech's international business. "Since 1994, our passion has been to support hard working people looking to improve their lives through healthy living and building a business. We have found that the people of Mexico share our passion for changing people's lives."
Mannatech has distinguished itself in the emerging wellness and glyconutrient markets through the scientific development of its proprietary Ambrotose(R) complex. This technology holds more than 45 patents in 30 countries around the world. Many of Mannatech's products, including Ambrotose, are based on Real Food TechnologySM solutions, which provide consumers with products that contain standardized levels of natural and plant-sourced nutrients.
"We have science as our foundation, and with a proven business model and products that will stand out in Mexico, I believe we will make a real difference in the lives of people willing to make a change," said Sergio Medina, managing director of Mannatech's Mexico operations. "There are more than 100 million people in Mexico, many of them looking to supplement their income and make a better quality of life for their families, and I believe Mannatech will help them discover that."
According to the Direct Selling Association, Mexico is the sixth largest direct selling market in the world. Currently, more than two million people living in Mexico involved with direct sales are creating more than $3.5 billion in revenue.
Mannatech's Mexico operations include offices and storefronts in both Guadalajara and Mexico City and a distribution center located in Monterrey. Individuals interested in Mannatech's health and wellness products, and business opportunity can learn more atmexicomannatech.com.
Mannatech, Incorporated, develops high-quality wellness, nutrition and skin care products that are based on the solid foundation of nutritional science and development standards. These proprietary products are available through independent sales Associates around the globe including the United States, Canada, Mexico, South Africa, Australia, New Zealand, Austria, Denmark, Germany, Norway, Sweden, the Netherlands, the United Kingdom, Japan, Taiwan, Singapore and the Republic of Korea. 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
Shawn Paul Wood, 972-499-6614