Event celebrates Korea as Mannatech's fastest-growing market
COPPELL, Texas, Nov. 14 /PRNewswire-FirstCall/ -- Mannatech, Incorporated (NASDAQ:MTEX), a leading developer and provider of dietary supplements and skin care solutions, hosted its annual Korea Convention at Seoul Olympic Park in Seoul, the Republic of Korea, October 27, 2007, with approximately 2,000 Mannatech Associates and Members from South Korea in attendance.
The convention, carrying the theme "Redefining Wellness" to reflect Mannatech's focus on health and nutrition, celebrated the third anniversary of the opening of the South Korean market. Today, South Korea is Mannatech's fastest-growing market.
"Our South Korea convention recognizes the top independent sales Associates and Members for their contributions and success," said Terry Persinger, president and CEO of Mannatech. "Focusing on wellness and increased sales opportunities internationally, their Associates and Members have guided South Korea to dramatic growth over the last 12 months." Mannatech began selling products in South Korea in September 2004. Today, Mannatech's products are sold in 10 countries, including the United States, Canada, Australia, the United Kingdom, Japan, New Zealand, Germany, Taiwan and Denmark.
About Mannatech Mannatech, Incorporated, is a global wellness solutions provider of innovative, high-quality, proprietary nutritional supplements, topical and skin care products, and weight management products sold through independent associates and members located in the United States and the international markets of Canada, Australia, the United Kingdom, Japan, New Zealand, the Republic of Korea, Taiwan, Denmark, and Germany.
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.
Contact Information:
Gary Spinell, Vice President
Investor Relations
972-471-6512
Corporate website: http://www.mannatech.com/ http://www.newscom.com/cgi-bin/prnh/20051213/MANNATECHLOGO http://photoarchive.ap.org/ DATASOURCE: Mannatech, Incorporated CONTACT: Gary Spinell, Vice President, Investor Relations of Mannatech, Incorporated, +1-972-471-6512, Web site: http://www.mannatech.com/
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