Process serves as due diligence prior to opening in potential new
markets
COPPELL, Texas--(BUSINESS WIRE)--Mar. 6, 2012--
Mannatech,
Incorporated (NASDAQ: MTEX),
the leading innovator and provider of nutritional supplements based on Real
Food Technology® solutions, launched its
Pre-Registration process on February 18, 2012 in Ukraine, Russia and
Belarus. This process signifies Mannatech’s ongoing strategic commitment
in conducting due diligence necessary to maximize the company’s impact
in these countries. This process allows those who pre-register to be
among the first to take advantage of the market potential should
Mannatech open for business in these markets.
Mannatech has designed this pre-registration process as a way of
researching and evaluating possible markets and consumer interest prior
to officially commencing business in the selected countries. At present,
there are no concrete opening plans or dates. While the pre-registration
agreement is non-binding, this process signals Mannatech’s focus on
creating significant and sustainable growth. It is also a step toward
enhancing Mannatech’s global footprint and potential business
development within Ukraine, Russia and Belarus.
“This Pre-Registration process is firmly part of Mannatech’s strategic
acceleration plan that will assist us to predictably measure the
interest and demand in these markets prior to officially opening our
doors,” said Mannatech’s CEO and Chief Science Officer, Robert A.
Sinnott, Ph.D. “We desire to expand the impact of Mannatech’s Real Food
Technology® solutions globally. Our global seamless
compensation plan and our network of Associates functioning as Social
Entrepreneurs will help get this work done. We have some world class
corporate assets already existing in strategic locations such as Asia,
North America, Europe, Australia, and South Africa. Expanding East from
our current European footprint and into these vibrant, emerging markets
holds exciting potential.”
Ukraine, Russia and Belarus represent a combined population in excess of
197 million people. According to the World Federation of Direct Selling
Associations, total sales within this region exceeded more than $4.4
billion from direct sales companies in 2010.
Pre-registrants essentially reserve a position within a Mannatech line
of sponsorship, and are able to pre-register other potential sales
Associates within their networks. Pre-Registrants understand that
Mannatech is not currently open for business in Ukraine, Russia or
Belarus, and they are therefore unable to purchase or sell Mannatech
products at this time.
Individuals interested in Mannatech’s products or exploring its business
opportunity are encouraged to learn more at Mannatech.com
and www.MannatechEurope.com.
Individuals who are specifically interested in the Pre-Registration
Process for Ukraine, Russia and/or Belarus should contact Mannatech’s
Corporate European headquarters at info@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 and Mexico. 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
Brett Duncan, 972-471-7367
bduncan@mannatech.com