New office to assist in maximizing growth initiatives outside of North America
COPPELL, Texas, Jan. 10 /PRNewswire-FirstCall/ -- Mannatech, Incorporated (NASDAQ:MTEX), a leading developer and provider of dietary supplements and skin care solutions, announced today it will open a management office in Switzerland to assist in maximizing international growth initiatives.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051213/MANNATECHLOGO) Scheduled to open during the first quarter of 2008, Mannatech Swiss International will help Mannatech strengthen its competitive position in Europe, Asia and other non-North American markets. Once fully developed, this centralized management team will be capable of responding more quickly to operational needs of Mannatech's burgeoning global markets in Asia and Europe.
"Global expansion is integral to Mannatech's strategic growth," said Terry Persinger, Mannatech's president and CEO. "Ultimately, Mannatech Swiss International will manage the day-to-day business needs of our growing non-North American markets and coordinate and oversee further global expansion." 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 of Investor Relations of Mannatech, +1-972-471-6512, Web site: http://www.mannatech.com/
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