Mannatech, Incorporated, the founder of the M5MSM (Mission 5 MillionSM) social entrepreneurial movement, the pioneer of nutritional glycobiology and the global innovator of naturally sourced supplements based on Real Food Technology solutions, today announced financial results for its first quarter 2015.
First quarter net sales for 2015 were $44.4 million, an increase of 3.3% as compared to $43.0 million in the first quarter of 2014. Mannatech’s net sales increased 7.4% in constant dollars, which is a non-GAAP financial measure that excludes the impact of fluctuations in foreign currency exchange rates.
Net income was $1.1 million, or $0.40 per diluted share, for the first quarter 2015, as compared to net income of $0.2 million, or $0.08 per diluted share, for the first quarter 2014.
Dr. Robert Sinnott, Mannatech’s CEO and Chief Science Officer, said, “We are
Tag Archive for Mannatech
Hot Business News Today
Mannatech Appoints New Board Of Directors Member
by Nicole Dunkley • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX), the founder of the M5M (Mission 5 Million) social entrepreneurial movement, the pioneer of nutritional glycobiology and the global innovator of naturally sourced supplements based on Real Food Technology solutions, today announced the appointment of Linda K. Ferrell, Ph.D. to its Board of Directors.
“Dr. Ferrell brings to the Board extensive knowledge in business ethics, marketing and strategic corporate social responsibility in the direct selling industry,” said J. Stanley Fredrick, Chairman of the Board of Mannatech, Incorporated.
“Dr. Ferrell’s work with the Direct Selling Education Foundation provides her with unique knowledge concerning the value of our business model to global consumers, which helps make her a valued asset and member of Mannatech’s Board of Directors.”
As a member of Mannatech’s Board of Directors, Dr. Ferrell joins a strong
Hot Business News Today
Mannatech Hosts 1,000 Attendees At 2015 Conference
by Nicole Dunkley • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX), the founder of the M5MSM (Mission 5 MillionSM) social entrepreneurial movement, the pioneer of nutritional glycobiology and the global innovator of naturally sourced supplements based on Real Food Technology solutions, hosted its annual MannaFest Conference in Frisco, Texas, March 5-8, where more than 1,000 individuals from major global markets gathered to learn more about the role they play in a global “wellness revolution” that Mannatech is leading.
The company’s annual event was a source of information and inspiration for attendees, product enthusiasts, distributors and independent sales Associates for Mannatech. Many of those who attended are entrepreneurs who operate their own businesses in communities around the world.
They heard from the event’s featured speaker, Paul Zane Pilzer, an economist, social entrepreneur and author of nine best-selling books including, The New
Hot Business News Today
Mannatech Receives 99th Patent
by Nicole Dunkley • • 0 Comments
Mannatech, Incorporated, the founder of the M5MSM (Mission 5 MillionSM) social entrepreneurial movement, the pioneer of nutritional glycobiology and the global innovator of naturally sourced supplements based on Real Food Technology solutions, has been issued its 99th patent, validating and demonstrating its position as the leading developer of nutritional technology. This patent was received in Japan for its PhytoMatrix formulation, a supplement with all natural vitamins and plant-based minerals.
“By receiving multiple patents in multiple countries, Mannatech has established itself around the world as the leading developer of unique, high quality health and wellness technology,” said Dr. Rob Sinnott, CEO and Chief Science Officer at Mannatech. “Mannatech is unique in the nutritional supplement field for the multiple patents our products have received around the world. This, along with product benefits established in published human clinical trials, clearly demonstrates the soundness of our nutrition technology. Our PhytoMatrix product is an excellent example of how Mannatech supports overall wellness through a formulation that provides a nutritional boost to our everyday diet*.”
The Certificate of Grant for Mannatech’s PhytoMatrix formulation in Japan was received on Nov. 7, 2014. The patent will remain in effect for 20 years from the date of filing. There are currently
Hot Business News Today
Mannatech Announces Official Launch In Spain
by Nicole Dunkley • • 0 Comments
Mannatech®, Incorporated, the pioneer of nutritional glycobiology, leading innovator of naturally-sourced supplements based on Real Food Technology® solutions and creator of the M5MSM (Mission 5 Million) social entrepreneurial movement, announced the official opening of its operations in Spain as of December 6, 2014.
The opening of operations in Spain brings Mannatech’s total global presence to 24 countries. To support this expansion, Mannatech has launched a fully functioning website which will allow Spanish Associates and Members to order and receive Mannatech products directly into Spain.
“Adding Spain to our European market was an essential and natural fit for Mannatech,” said Dr. Robert Sinnott, CEO and Chief Science Officer. “We have seen a demand for our products and business there that is unprecedented, and we believe that this initial launch will precede an era of long-term growth for this region.”
The launch of Spain signifies a continued season of expansion and growth for Mannatech, which recently celebrated its 20th anniversary. The company has targeted additional European markets for expansion following the addition of Spain.
About Mannatech
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
Hot Business News Today
Mannatech Recaps Leadership Experience Event
by Nicole Dunkley • • 0 Comments
Mannatech Incorporated, the pioneer of nutritional glycobiology, leading innovator of naturally-sourced supplements based on Real Food Technology® solutions and creator of the M5MSM (Mission 5 MillionSM) social entrepreneurial movement, hosted its annual training event for hundreds of Associate leaders at the Embassy Suites Hotel & Convention Center in Frisco, Texas, November 7-9, 2014.
The event featured internationally recognized speaker, Les Brown, who gave a special presentation Saturday evening on achieving breakthroughs in business and the importance of financial freedom and one’s social contribution. The general sessions were led by various Mannatech leaders who shared personal stories and explained the principles that they themselves have implemented to develop successful teams and businesses. Mannatech executives who spoke included Dr. Robert Sinnott, CEO and Chief Science Officer; Al Bala, President; Ray Robbins, Co-Founder/Board of Directors; and Bob Adam, General Manager U.S.
“This year’s Leadership Experience proved that something significant has happened to Mannatech,” said Dr. Robert Sinnott, CEO and Chief Science Officer. “Associate leaders are teaching other Associate leaders; and they are learning that by implementing our tools and strategic tactics to effectively promote their businesses, they can become even greater leaders and achieve the success they’ve been working for. I believe that each person who
Hot Business News Today
Mannatech Officially Completes The M5M China Run
by Nicole Dunkley • • 0 Comments
Mannatech®, Incorporated, the pioneer of nutritional glycobiology, leading innovator of naturally-sourced supplements based on Real Food Technology® solutions, and creator of the M5M (Mission 5 MillionSM) social entrepreneurial movement, announced that on October 28, 2014, ultra-endurance athlete Jason Lester officially passed the finish line of the M5M China Run. Lester became the first person in history to complete a solo run of 2,500 miles across the Great Wall of China in 100 days or less to raise awareness of the global epidemic of childhood malnutrition.
The run officially began on August 8, 2014 in Jiayuguan, in the Gansu province of China. Around midday on day 83 of the run, Lester crossed the finish line at the Shanhaiguan District Old Dragons Head entrance in Qinhuangdao, Hebei province, officially completing the 2,500-mile journey. Lester’s goal was to finish the run within 100 days, requiring an average daily trek equivalent to almost a full marathon per day. After increasing his daily runs to double marathons at times, he was able to accomplish this feat with 17 days to spare.
Mannatech has partnered with Lester as the title sponsor of the M5M China Run as a part of their ongoing Mission 5 Million, or M5M, movement. The
Hot Business News Today
Mannatech To Launch New Advanced Immune Support Product At Annual Event
by Nicole Dunkley • • 0 Comments
Mannatech®, Incorporated, the pioneer of nutritional glycobiology and leading innovator of naturally-sourced supplements based on Real Food Technology® solutions, has announced that it will launch its newest product, GlycoBOOM, at the company’s annual training event in Frisco, Texas.
GlycoBOOM is a new dietary supplement based on Mannatech’s exclusive Manapol® powder that features a proprietary herbal and glyconutrient blend with plant and food-sourced vitamins. GlycoBOOM is also free of gluten, dairy, soy and synthetics and contains no added sugar, artificial flavors, colors or sweeteners.
This new product will be the 32nd addition to Mannatech’s currently active line of products in the United States.
“The November Leadership event is the ideal timing for the launch of an immune support product as powerful as GlycoBOOM,” said Dr. Robert Sinnott, Mannatech CEO and Chief Science Officer. “As the winter months approach, maintaining a healthy immune system is one of people’s biggest priorities.”
Mannatech’s Leadership Experience will take place November 7-9, 2014, at the Embassy Suites in Frisco, Texas with guest speaker, Les Brown.
About Mannatech
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
Hot Business News Today
Mannatech Elects Eric W. Schrier to Board Of Directors
by Nicole Dunkley • • 0 Comments
Mannatech Incorporated, the pioneer of nutritional glycobiology, and leading innovator of naturally-sourced supplements based on Real Food Technology® solutions, and creator of the M5MSM (Mission 5 MillionSM) social entrepreneurial movement, announced the appointment of Eric W. Schrier to the Board of Directors, effective October 28, 2014.
Stanley J. Fredrick, Chairman of the Board of Mannatech, Incorporated, commented, “Mr. Schrier brings a wealth of valuable experience in digital and print media, customer acquisition, and direct selling.”
Mr. Schrier, age 62, served as President and CEO of The Reader’s Digest Association where he was responsible for $2.4 billion in revenue and 4,500 employees and more than 100 million customers in 70 countries during his tenure from January 2006 to March 2007. Since June 2013, he has served on the Board of Directors as Chairman for Edible Media, a multi-platform media company in the farm-to-table food space.
He currently serves on the Boards of Directors for TEN (The Enthusiast Network) (since January 2011), American Chemical Society (since June 2012), Reader’s Digest Association (since April 2014), and MeQuilibrium (since October 2011). He has previously served on the boards of Willow House (from July 2009 to December 2013), Demdex Corp (from July 2009 to January 2011), and Bonnier
Hot Business News Today
Mannatech Announces Upcoming Opening Of Singapore Business Center
by Nicole Dunkley • • 0 Comments
Mannatech, Incorporated, the pioneer of nutritional glycobiology and leading innovator of naturally sourced supplements based on Real Food Technology® solutions, and creator of the M5MSM (Mission 5 MillionSM) social entrepreneurial movement, is proud to announce the upcoming opening of the new Associate Business Centre in Singapore on September 27th, 2014.
This business center opening represents a strategic move in the expansion of Mannatech’s business growth in Singapore. This opening also mirrors the recent establishment of two new training centers in Korea in March 2014, and further demonstrates Mannatech’s dedication to expanding their global business. According to The Global Competitiveness Index 2013-2014, Singapore rates second only to Switzerland in economic performance among the top ten countries globally.
“We’re excited about this new opening in Singapore and we are fully committed to supporting this market,” said Mannatech President, Al Bala. “This new business center is a symbol of that commitment, and what we hope will be a stepping stone to even higher levels of success.”
Dr. Rob Sinnott, Mannatech CEO & Chief Science Officer; Al Bala, Mannatech President; and Mandy Morelli, Mannatech Australasia General Manager, and a select group of 80 Mannatech leaders, will be present to officially open the center.
The Mannatech Business Centre has been