Mannatech®Plans Opening Event in Preparation of Ukraine Launch
Celebration at the Fairmont Grand Hotel Kiev on July 6th, 2013
COPPELL, Texas--(BUSINESS WIRE)-- Mannatech, Incorporated(NASDAQ: MTEX), the leading innovator and provider of nutritional supplements based on Real Food Technology® solutions, announced today the official opening event of its Ukraine launch, to be held at the Fairmont Grand Hotel Kiev in the Ballroom from 14:00 to 18:00 on Saturday, July 6th. The opening will bring Mannatech's total global presence to 24 countries.
Special guests from Mannatech in attendance will include Sam Caster, Founder of Mannatech; Roy Truett, President of International and Chief Operating Officer; Bo Alex, a leading Mannatech Associate in Europe; Olena Sergeeva, General Manager of Ukraine; and Colin Morgan-Jones, Mannatech's European Managing Director.
"This opening event is going to be a celebration of all the hard work we've put into launching in Ukraine, and all the lives we're committed to improving moving forward," said Dr. Robert Sinnott, CEO and Chief Science Officer of Mannatech. "We have high expectations for our Ukraine business, based both on the impressive industry-wide growth the market has experienced in the past few years, and an early excitement we've witnessed from residents eager to receive Mannatech's products and share our mission of linking five million consumers with five million children in need."
According to the Ukrainian Association of Direct Sales (UDSA), 2013 first quarter retail sales via the direct selling model totaled 1,158 billion USD, up 2.54% from the previous year (2012) with 1,217,000 reported independent distributors, up 3.95% from the previous year. According to the World Federation of Direct Selling Associations (WFDSA), as of 2012, more than 1.2 million people participate in direct sales.
Roy Truett, President of International and Chief Operating Officer, added, "Global expansion in key markets has been a foundational strategy for Mannatech this year. We successfully opened in Hong Kong in April of this year, and now our Ukraine opening continues this strategic momentum. Taking into account some of the unprecedented results we're seeing simultaneously in many of our current markets, especially Korea, Canada and South Africa, we're very encouraged by these positive global trends."
"Expansion into Ukraine is a major milestone in our global strategic business plan," said Colin Morgan-Jones, Mannatech's European Managing Director. "The launch event is intended to bring together the brightest Ukrainian minds in social entrepreneurship and attract strategic visionaries who have a passion and belief in Mannatech's mission in connecting five million consumers with five million malnourished children whilst being generously compensated for their efforts. Through our dedicated Field Leadership & local Ukrainian Corporate Team, we intend to make Ukraine a better place by sharing the Gift of Mannatech to the population."
Mannatech will launch with nine of their core products: Advanced Ambrotose® (75 g), Advanced Ambrotose (150 g), Advanced Ambrotose capsules, Ambrotose AO®, PLUS™, PhytoMatrix®, Omega-3 with Vitamin D3, MannaBears™ and NutriVerus™ powder.
All Associates and their prospects/guests from around the world are welcome and encouraged to attend this launch event. In order to attend, please register by sending an email to firstname.lastname@example.org, with a subject line of "Register on July 6th." Additionally, please include your name, account number, and the names of any of your guests in the body of the email. Registrations will be confirmed by return email. Please note: Space is limited, so register early for this 'not to be missed' event.
Individuals interested in Mannatech's products or exploring its business opportunity are encouraged to learn more at Mannatech.com.
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, Mexico, Hong Kong and Ukraine. 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.
Brett Duncan, 972-471-7367
KEYWORDS: Ukraine United States Europe North America Texas
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