Mannatech Opens Office in Canada
New office supports business-building activities in Toronto area
COPPELL, TEXAS October 2, 2009 - Mannatech, Incorporated (NASDAQ - MTEX), a global pioneer in the development of high-quality health, weight and fitness, and skin care solutions based on nutritional science, announced today the opening of a corporate office in Markham, Ontario, Canada.
The new office provides work space for Canadian employees as well as meeting space for local independent sales Associates and will support growth opportunities among the diverse population of the greater Toronto area.
A grand opening celebration and ribbon cutting ceremony were attended by Mannatech executives including Wayne Badovinus, president and CEO; Al Bala, senior vice president, global sales development and Dr. Stephen Boyd, senior director of medical affairs. Markham Regional Councillor Gord Landon was also in attendance along with many Mannatech Associates who were on hand for the festivities.
“The opening of this office demonstrates a real commitment to the Canadian market and the huge growth potential it represents,” said Sandy Cantin, Canada sales director for Mannatech.
Mannatech has done business in Canada since 1995.
“We are very pleased to celebrate Mannatech’s growth and continued commitment to providing physical and financial wellness to Canadians and many others around the globe,” said Badovinus. “Expanding our presence in Canada allows us to interact directly with local Associates and consumers interested in our high quality wellness products and business-building opportunity.”
Mannatech’s cutting-edge, proprietary products are based on the foundation of nutritional science in order to deliver the highest quality available. In the past five years alone, Mannatech has invested more than $20 million in world-class research and development of these proprietary technologies. In particular, the company has distinguished itself in the emerging glyconutrition market through the development of Ambrotose® complex, the technology for which it holds more than 45 patents in 30 countries. Glyconutrients are a blend of plant polysaccharides which are believed to represent a new category of untapped vital nutrients for optimal health.
Mannatech is a worldwide leader within the wellness industry and a member in good standing of the Council for Responsible Nutrition and the Direct Selling Association. Many of Mannatech’s products are certified by NSF International, an organization within the natural products industry committed to protecting public health and safety. Mannatech also guarantees customer satisfaction; if a customer is not completely satisfied, they can return the product within 180 days for a full refund.
Individuals interested in Mannatech’s products or in exploring our business opportunities can learn more at new.mannatech.com.
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. These 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 and the Republic of Korea.
For more information please visit https://new.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,” ”believe,” “expect” or “will allow” 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 newinternational 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.
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