Sales platform and new product, BounceBack(TM), launched at international conference
COPPELL, Texas, April 3, 2008 /PRNewswire-FirstCall/ -- Mannatech, Incorporated (NASDAQ:MTEX), a leading developer and provider of dietary supplements and skin care solutions, held its annual global convention this past weekend in Dallas, drawing attendance of almost 5,300 independent sales Associates from 10 countries. In addition to training and recognition seminars, Mannatech Associates learned about the company's new global sales platform, called Ready, Set, Go-Give, the launch of BounceBack(TM), an all natural product that supports recovery after physical activity or over-exertion, and the global availability of the Mannatech Optimal Skin Care System.
Formulated in Japan, the Mannatech Optimal Skin Care System is designed to help nourish, hydrate and promote the appearance of more youthful, radiant looking skin. These water-based products are formulated without paraben preservatives or other potentially skin-damaging substances. Mannatech skin care products have already been widely adopted in other global markets.
http://www.hydratedskin.com/ "This year's MannaFest was one of our most successful yet," said Terry Persinger, Mannatech's president and CEO. "In addition to high attendance, notable speakers, and an abundance of training and educational events, the announcement of new products and our global sales platform creates new opportunities for our Associates and Members to reach larger audiences. The addition of these high-quality products and services to our portfolio provides a more complete wellness solution for consumers and a valuable business opportunity for Associates." Officially launched at MannaFest, the global sales platform is a corporate-produced, sales tool kit designed to support more than 575,000 independent Associates and Members worldwide.
http://www.exploremannatech.com/livewell.htm "These corporate-produced materials provide a consistent sales platform designed to increase Associate enrollment and, thereby, increase sales," said Al Bala, senior vice president of global business development. "It is critical for the continued growth of our company to provide a professionally produced sales and training system that promotes our high-quality products globally. By developing materials specific to each of the 10 countries where we do business, we are able to reinforce Mannatech's strategy of becoming a true global market leader." The sales platform will be launched in Mannatech markets around the world at country-specific events throughout the year.
Bala added, "We believe that the sales platform, combined with Mannatech's 180-day money-back satisfaction guarantee, underscores our commitment to providing customers with an opportunity to try our products and services. The sales platform includes a unique method of sampling Mannatech's proprietary products and providing Associates the opportunity to reach out to more consumers. Traditionally, we have experienced a high adoption rate from consumers who are willing to try Mannatech products resulting in high automatic shipment orders." The launch of the global sales system is the first phase of a long-term strategy to build the company's sales platform. This is reinforced with the creation of the Business Development Solutions division of Mannatech. This division will be responsible for the development and maintenance of sales tools and services that support Mannatech sales Associates worldwide.
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/
|