COPPELL, Texas, Jan. 10 Mannatech, Incorporated(Nasdaq: MTEX), a leading developer and provider of dietary supplements andskin care solutions, announced today it will open a management office inSwitzerland to assist in maximizing international growth initiatives.
Scheduled to open during the first quarter of 2008, Mannatech SwissInternational will help Mannatech strengthen its competitive position inEurope, Asia and other non-North American markets. Once fully developed, thiscentralized management team will be capable of responding more quickly tooperational needs of Mannatech's burgeoning global markets in Asia and Europe.
"Global expansion is integral to Mannatech's strategic growth," said TerryPersinger, Mannatech's president and CEO. "Ultimately, Mannatech SwissInternational will manage the day-to-day business needs of our growingnon-North American markets and coordinate and oversee further globalexpansion."
Mannatech, Incorporated, is a global wellness solutions provider ofinnovative, high-quality, proprietary nutritional supplements, topical andskin care products, and weight management products sold through independentassociates and members located in the United States and the internationalmarkets of Canada, Australia, the United Kingdom, Japan, New Zealand, theRepublic of Korea, Taiwan, Denmark, and Germany.
Please Note: This release contains "forward-looking statements" within themeaning of Section 27A of the Securities Act of 1933, as amended, Section 21Eof the Securities Exchange Act of 1934, as amended, and the Private SecuritiesLitigation Reform Act of 1995. These forward-looking statements generally canbe identified by use of phrases or terminology such as "intend" or othersimilar words or the negative of such terminology. Similarly, descriptions ofMannatech's objectives, strategies, plans, goals or targets contained hereinare also considered forward-looking statements. Mannatech believes thisrelease should be read in conjunction with all of its filings with the UnitedStates Securities and Exchange Commission and cautions its readers that theseforward-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, increasesin competition, litigation, regulatory changes, and its planned growth intonew international markets. Although Mannatech believes that the expectations,statements, and assumptions reflected in these forward-looking statements arereasonable, it cautions readers to always consider all of the risk factors andany other cautionary statements carefully in evaluating each forward-lookingstatement in this release, as well as those set forth in its latest AnnualReport on Form 10-K and Quarterly Report on Form 10-Q, and other filings filedwith the United States Securities and Exchange Commission, including itscurrent reports on Form 8-K. All of the forward-looking statements containedherein speak only as of the date of this release.Contact Information: Gary Spinell, Vice President Investor Relations 972-471-6512 [email protected]
Corporate website: http://www.mannatech.com
SOURCE Mannatech, Incorporated