COPPELL, Texas--(Mannatech, Incorporated (NASDAQ: MTEX), the leading innovator and provider of nutritional supplements based on Real Food Technology® solutions, launched its Pre-Registration process on February 18, 2012 in Ukraine, Russia and Belarus. This process signifies Mannatech’s ongoing strategic commitment in conducting due diligence necessary to maximize the company’s impact in these countries. This process allows those who pre-register to be among the first to take advantage of the market potential should Mannatech open for business in these markets.)--
“This Pre-Registration process is firmly part of Mannatech’s strategic acceleration plan that will assist us to predictably measure the interest and demand in these markets prior to officially opening our doors”
Mannatech has designed this pre-registration process as a way of researching and evaluating possible markets and consumer interest prior to officially commencing business in the selected countries. At present, there are no concrete opening plans or dates. While the pre-registration agreement is non-binding, this process signals Mannatech’s focus on creating significant and sustainable growth. It is also a step toward enhancing Mannatech’s global footprint and potential business development within Ukraine, Russia and Belarus.
“This Pre-Registration process is firmly part of Mannatech’s strategic acceleration plan that will assist us to predictably measure the interest and demand in these markets prior to officially opening our doors,” said Mannatech’s CEO and Chief Science Officer, Robert A. Sinnott, Ph.D. “We desire to expand the impact of Mannatech’s Real Food Technology® solutions globally. Our global seamless compensation plan and our network of Associates functioning as Social Entrepreneurs will help get this work done. We have some world class corporate assets already existing in strategic locations such as Asia, North America, Europe, Australia, and South Africa. Expanding East from our current European footprint and into these vibrant, emerging markets holds exciting potential.”
Ukraine, Russia and Belarus represent a combined population in excess of 197 million people. According to the World Federation of Direct Selling Associations, total sales within this region exceeded more than $4.4 billion from direct sales companies in 2010.
Pre-registrants essentially reserve a position within a Mannatech line of sponsorship, and are able to pre-register other potential sales Associates within their networks. Pre-Registrants understand that Mannatech is not currently open for business in Ukraine, Russia or Belarus, and they are therefore unable to purchase or sell Mannatech products at this time.
Individuals interested in Mannatech’s products or exploring its business opportunity are encouraged to learn more at Mannatech.com and www.MannatechEurope.com. Individuals who are specifically interested in the Pre-Registration Process for Ukraine, Russia and/or Belarus should contact Mannatech’s Corporate European headquarters at firstname.lastname@example.org.
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, Namibia, 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 and Mexico. 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.