Mannatech is leading the health and weight loss industry by calling for the end of the one-size-fits-all Body Mass Index (BMI) as a success measurement in weight management.
Mannatech is in favor of adopting a focus on body composition, building muscle and fat loss, which offers a better, longer-term path to weight management over BMI.
Mannatech recognizes that the weight loss industry has predominantly focused on using scale weight and BMI for decades as a way to measure weight management success. Unfortunately, programs based on BMI are notorious for not delivering long-lasting weight loss or health benefits. This means that countless people around the world who are struggling with their weight have very few tools beyond the outdated BMI methods that will only provide temporary solutions.
To help with this problem, Mannatech is leading the effort
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Mannatech Adds 14 New Members To Its Million Dollar Club
by Ted Nuyten • • 0 Comments
Mannatech®, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, has added 14 new independent sales Associates to the Mannatech Million Dollar Club*.
The Mannatech Million Dollar Club now has 214 members, which includes Associates from around the world who have cumulatively earned more than $1 million since joining Mannatech.
“These outstanding individuals who have earned at least one million dollars during their time with Mannatech are a true testament to how we transform lives,” said Mannatech’s CEO and President, Alfredo “Al” Bala.
“For those hoping to make a difference in this world, including building a long-term business that can bring prosperity and financial security, Mannatech is the place to be.*
These 14 new Million Dollar Club members are clear proof of that. Mannatech has the foundation of
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Mannatech Q1 Revenue $40.7 Million
by Ted Nuyten • • 0 Comments
Mannatech, Incorporated, a global health and wellness company committed to transforming lives to make a better world, announced financial results for its first quarter 2016.
First Quarter Results
First quarter net sales for 2016 were $40.7 million, a decrease of $3.7 million or 8.3% as compared to $44.4 million in the first quarter of 2015.
Our net sales declined 3.6% on a constant dollar basis (see Non-GAAP Financial Measures, below); unfavorable foreign exchange caused a $2.1 million decline in GAAP net sales as compared to the same period in 2015. Income from operations was $0.5 million for the first quarter 2016, as compared to $2.5 million in the same period in 2015. Net income was $0.6 million, or $0.21 per diluted share, for the first quarter 2016, as compared to $1.1 million, or $0.40 per
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Mannatech’s Compliance Program Allows Entrepreneurs to Flourish
by Nicole Dunkley • • 0 Comments
Mannatech’s culture of compliance has become one of the strongest and most important elements that make up this company. Because of our daily efforts to ensure we are following, if not exceeding all regulatory mandates, our sales Associates are able to build safe, long-term businesses around the globe.
However, Mannatech hasn’t always been the compliance leader that it is today. In our 23-year history, we have experienced challenges that had us learn the hard way about the importance of making compliance a priority.
Years ago we had issues erupt due to the over exuberance that a few individuals expressed for our unique Glyconutrition-based products. These instances were dealt with and Mannatech paid its dues for losing its way regarding regulatory compliance. We will continue to crack down on improper disease claims (although not
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Mannatech Appoints David Johnson As CFO
by Ted Nuyten • • 0 Comments
Mannatech®, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, announced it has promoted David Johnson, Chief Accounting Officer, to Chief Financial Officer as it continues to build an executive team dedicated to supporting its independent sales Associates.
“David has demonstrated his commitment to ensuring Mannatech’s finance department is keeping pace with our global transformation of new products, new technology and international expansion,” said Mannatech’s CEO and President, Alfredo “Al” Bala.
“We believe he is well-equipped to lead Mannatech down a path of profitability and prosperity in the exciting times that lie ahead for the company.”
In his new role, Johnson will lead the company’s accounting, finance and treasury teams. Johnson joined Mannatech in July 2013 and brings more than 22 years of experience to
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Mannatech Assembles All Star Team Of Scientists
by Ted Nuyten • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, announced it has assembled a group of top-tier, independent scientists to lead its Global Scientific Advisory Board that will support the company’s continued commitment to providing groundbreaking, science-backed nutritional supplements to its worldwide customer base.
“The members of Mannatech’s Global Scientific Advisory Board are committed to science and the truth that their research and findings bring,” said Mannatech’s CEO and President, Alfredo “Al” Bala.
“Mannatech has built its worldwide business on science-backed product technology, and this group will help us continue that tradition and take us into new, transformational areas of health and wellness, while ensuring we stay on the path of scientific proof and validation.”
This Global Scientific Advisory Board is part of CEO
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Mannatech Launches New Fat-Loss System – TruHealthT
by Ted Nuyten • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, today launched its newest targeted fat-loss system, TruHealth™, at its annual conference, MannaFestSM, in Dallas, Texas.
This system offers three new products based on the company’s innovative glyconutritional technology, which supports cell-to-cell communication for overall health.
A thorough, 30-day program accompanies these products to support customers through a specialized nutrition and fitness transformation. This system combines beneficial, whole food diet recommendations with naturally sourced supplements and exercise to help support the body’s natural ability to reduce harmful toxins and encourage healthy fat-loss for 30 days and beyond.*
“Nearly all other companies and products focus on weight loss – not fat loss – and the use of Body Mass Index (BMI),” said Dr. Steve Nugent, Mannatech’s
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Mannatech Reveals New Company Brand
by Ted Nuyten • • 0 Comments
Mannatech®, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, today has revealed its new brand to thousands of customers and independent sales Associates from around the world at its annual conference, MannaFest, in Dallas, Texas.
“We are thrilled to reveal our new brand to the world. The new brand is designed to match how our loyal customers and Associates feel about who we are, as well as where we are headed,” said Mannatech’s CEO and President, Alfredo “Al” Bala.
“Mannatech’s new brand encompasses our heritage, personality and perceptions plus the benefits we provide to others. The rebrand is part of a number of new initiatives underway that will reshape the company.
The new Mannatech has become the place to be in the direct
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Mannatech Speaks Out Against Illegal Activity
by Ted Nuyten • • 0 Comments
Mannatech Speaks Out Against Illegal Activity in the Dietary Supplements Industry.
Mannatech supports the U.S. Justice Department’s decision to target criminal activity within the dietary supplements industry so that consumers all over the globe can enjoy the safest, highest quality products possible.
The United States Department of Justice has recently made illegal activity in the dietary supplements industry, including illegal manufacturing, misbranded products with false labels and products that contain undeclared ingredients, an issue of high priority within its consumer protection agenda.
The DOJ has pursued civil and criminal cases against more than 100 makers and marketers of dietary supplements as a part of its nationwide sweep to fight against companies and individuals who profit from products that threaten consumer health.
Some supplement critics might categorize the entire supplements industry as suspect to these criminal activities that are a serious
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Mannatech Reports Q4 2015 Sales $45.3 Million
by Ted Nuyten • • 0 Comments
Mannatech, Incorporated, the pioneer of glyconutrition, leading innovator of naturally-sourced supplements based on Real Food Technology® solutions, and creator of the M5MSM (Mission 5 MillionSM) social entrepreneurial movement, today announced financial results for its fourth quarter 2015.
Fourth Quarter Results
Fourth quarter net sales for 2015 were $45.3 million, an increase of 0.2% as compared to $45.2 million in the fourth quarter of 2014. The net sales comparison for the quarter was affected by foreign exchange rates and new product launches.
Income from operations increased 7.7% to $2.8 million for the fourth quarter 2015, from $2.6 million in the same period in 2014. Net income was $1.5 million, or $0.56 per diluted share, for the fourth quarter 2015, as compared to $1.9 million, or $0.68 per diluted share, for the fourth quarter 2014.
For the three