Alfredo Bala, 35-year veteran of industry, taking new role within
company
COPPELL, Texas--(BUSINESS WIRE)--Jun. 9, 2014--
Mannatech®,
Incorporated (NASDAQ: MTEX), the pioneer of nutritional
glycobiology, and leading innovator of naturally-sourced
supplements based on Real
Food Technology® solutions, and creator
of the M5MSM (Mission
5 MillionSM) social entrepreneurial
movement, has appointed Al Bala to serve as President. The move further
supports the company’s commitment to its growth on a global level.
Alfredo (Al) Bala joined Mannatech in October 2007 as Senior Vice
President, Global Sales. His responsibilities increased quickly within
the company, having served as Executive Vice President, Sales, and Chief
Sales and Marketing Officer at different times over his tenure. Mr. Bala
has always been at the center of the company’s global sales and
marketing efforts, streamlining the company’s efforts to better support
the individual sales Associate worldwide.
Mr. Bala has served in the direct sales industry for more than 35 years.
Prior to his time at Mannatech, he served as a field leader in the
industry for 28 years, culminating in the position of Chief Operating
Officer for one of the largest independent network marketing
organizations in the world. He has been a critical part of the launch
and re-launch of more than 60 international markets in his career,
including Brazil, Russia, India, China and South Africa. His unique
experience has also allowed him to gain experiences at both the field
and corporate levels.
As President, Al Bala will oversee all global field development, sales,
marketing and general management efforts for all Mannatech markets
(currently 23). He will work closely with each market’s general manager,
assuring proper leadership of each market that both addresses the needs
of the individual countries while still maintaining a consistent
business model and message for Mannatech across the world. Ultimately,
Mr. Bala will focus on expansion of the company’s Mission 5 Million
movement, which allows consumers to help nourish a child-in-need by
simply nourishing themselves with the purchase of a Mannatech product on
automatic order.
“Mannatech is celebrating its 20th year. I’ve had the
privilege of being a part of this company for seven of those years,”
explains Al Bala, President. “I’ve never been more excited about how the
company is poised than I am right now. The value we provide to the
market while still offering nutritional products of the highest
integrity and efficacy is simply unprecedented. Our global footprint and
seamless compensation plan position us for international strength. And
our unique technology places us in two categories that are key for the
future: wellness and anti-aging. These are very exciting times for
Mannatech, and I’m anxious to help our independent Associates capitalize
on what lies ahead.”
“Mannatech continues to experience a fundamental shift in our global
business,” explains Dr. Robert Sinnott, CEO and Chief Science Officer.
“Over the last few years we have seen business outside North America
become a larger share of our global business. This is a healthy shift
that is necessary to become a diverse global community. Mr. Al Bala has
been a very innovative force for Mannatech over the last several years.
His global experiences and strong working relationships with our general
managers and global sales force will help foster this global shift.”
For the first quarter 2014, Mannatech reported that operations outside
of North America accounted for approximately 52.8% of consolidated net
sales (compared to 50.8% for first quarter 2013). During this same
timeframe, Asia/Pacific net sales increased by 6.7%, and EMEAA net sales
increased by 8.8%.
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, United Kingdom, Canada, South Africa, Australia, New Zealand,
Austria, Denmark, Germany, Norway, Sweden, the Netherlands, Japan,
Taiwan, Singapore, Estonia, Finland, the Republic of Ireland, Czech
Republic, the Republic of Korea, Mexico, Hong Kong and Namibia. 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
Ben Hulet, 972-471-7224
bhulet@mannatech.com