COPPELL, Texas--(BUSINESS WIRE)--Mar. 21, 2014--
Mannatech,
Incorporated (NASDAQ: MTEX),
a leading developer and provider of nutritional supplements and skin
care products based on Real
Food Technology® solutions, has announced
after careful consideration, that due to the current political turmoil
in Ukraine, and the ongoing instability in the region, the decision was
made to suspend operations in Ukraine at the present time. The decision
has been taken in view of the difficult trading environment posed by the
current situation. “We support the people of Ukraine and want to give
them the best business opportunity available,” stated Mr. Alfredo Bala,
President of International and EVP of Sales and Marketing.
“Unfortunately that is not possible under the current conditions so we
will suspend operations for the time being as we monitor conditions in
Ukraine.”
Individuals interested in Mannatech’s products or in exploring its
business opportunity can 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 North America,
Asia/Pacific, and Europe, the Middle East and Africa. 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 “anticipate,” “believe,” “will” 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