Sinnott discusses how business and innovation distinguishes Mannatech
in the industry
COPPELL, Texas--(BUSINESS WIRE)--Jan. 9, 2014--
Mannatech,
Incorporated (NASDAQ: MTEX),
the founder of the M5MSM (Mission
5 MillionSM) social entrepreneurial movement, the pioneer
of glycobiology and the leading innovator of naturally-sourced
supplements based on Real
Food Technology® solutions, is proud to share that Direct
Selling News magazine has featured CEO and Chief Science Officer,
Dr. Robert Sinnott, in its Top Desk section of its January issue. The
article is titled “The Science of Business.”
Over his tenure at Mannatech, Dr. Sinnott has applied much of his formal
training in the sciences, combined with his career experiences in
industry and government, to develop and manage the company’s innovative
product line. As CEO, he has applied many of these scientific
disciplines in many other areas of the business as well. As quoted in
the article, Dr. Sinnott says that, ideally, good business leaders and
good scientists both possess creativity, intuition, innovation and the
ability to analyze data and spot trends.
In the article, he looks at business from a scientifically objective
viewpoint, discussing how many scientific concepts apply well to the
direct selling business model.
Dr. Sinnott shares numerous comparisons in the article such as how
today’s businesses are comprised of highly specialized areas, similar to
the structure of a cell. He also connects psychological and
environmental factors in business to factors that govern natural
selection in the wild. Additionally, he observes how the principles of
money flow in economics are similar to how energy flows in
thermodynamics.
Another concept he touches on is synergy. Dr. Sinnott believes that
sustainable situations are completely possible where the business,
customers and society can benefit through properly structured
relationships, as is demonstrated by Mannatech's business model of
social entrepreneurship.
“Mannatech has done very well working the fertile ground where science
and business converge,” said Dr. Sinnott. This is manifested in the
company’s large
patent portfolio of flagship products, in its Mission
5 Million (M5M) program and in the launch of its revolutionary Ūth™
Skin Rejuvenation Crème last year. In fact, he says, “Direct selling
and network marketing business models are particularly rich with
potential synergies just waiting to be tapped.”
Direct Selling News Magazine has been serving the direct selling
and network marketing executive since 2004. The full article can be
found here.
Individuals interested in Mannatech and its products can visit Mannatech.com.
Learn more about Mannatech science and related publications and studies
at MannatechScience.org.
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, 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, Namibia, Hong Kong and Ukraine.
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