Hong Kong becomes company’s 23rd global
market
COPPELL, Texas--(BUSINESS WIRE)--Apr. 15, 2013--
Mannatech,
Incorporated (NASDAQ: MTEX),
the leading innovator and provider of nutritional supplements based on Real
Food Technology® solutions, announced today
the official opening of its Hong Kong operation. The opening brings
Mannatech’s total global presence to 23 countries.
The Hong Kong launch signifies an ever-growing commitment by Mannatech
to its strategic objective of prudent global growth, as well as its
ongoing support of its current Asian markets. According to the World
Federation of Direct Selling Associations, retail sales in Hong Kong via
the direct selling model grew from $307 million (2010) to $406 million
(2011) in U.S. currency, with more than 155,000 identified independent
distributors in the country. In December 2012, Mannatech initiated order
shipments into Hong Kong, serving as the company’s first step toward the
current launch.
“We are extremely excited about the long-term possibilities of Mannatech
Hong Kong,” explains Dr. Robert Sinnott, Mannatech’s CEO and Chief
Science Officer. “Expanding our reach into Hong Kong is an important
milestone in Mannatech’s journey. It further opens up the horizons to
nourish the world with Mannatech’s Real Food Technology supplementation,
while rewarding and empowering those who help us do it through our
global seamless compensation plan. It’s equally important for our
current base of Mannatech Associates, as well as to all the new
Associates we’ll meet in the coming months and years in Hong Kong.”
“Strategically, the opening of Hong Kong is a significant step for
Mannatech,” explains Roy Truett, President of International and Chief
Operating Officer for Mannatech. “We continue to aggressively explore
new opportunities globally, while responsibly executing the launch
process to match each market’s demand. Given our strength in both our
current Asian markets as well as our growing North American Chinese base
of Associates, along with the emergence of this market within our
industry, Hong Kong is a perfect fit for Mannatech.”
Promotional efforts for the Hong Kong opening began several months ago.
Pre-launch efforts included focused communication and training with
current Mannatech Associates, especially in the existing Asian markets.
Multiple media outlets, including print, broadcast media and online
channels, will be leveraged within Hong Kong for the remainder of 2013
to further promote Mannatech in this new market.
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, Mexico and Hong Kong. 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
North America
Brett
Duncan, 972-471-7367
bduncan@mannatech.com
or
Asia
Catherine
Hsiao, + 886 2 8176 1230
chsiao@mannatech.com