New office to assist in maximizing growth initiatives outside of North
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.
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."
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
Gary Spinell, Vice President
Corporate website: http://www.mannatech.com
|SOURCE Mannatech, Incorporated|
Copyright©2008 PR Newswire.
All rights reserved