The Direct Sellers Association of Canada provided special recognition to Mannatech, Incorporated, for Mannatech’s on-going commitment in promoting the Direct Sellers Association’s Code of Ethics.
The award was presented at the 2018 Canada DSA Conference in St. John’s, Newfoundland, Canada.
“Compliance is sexy,”
said Mannatech President and CEO, Alfredo “Al” Bala.
“Compliance and ethics ensure long-term viability and success. We are very pleased that the DSA of Canada has seen our efforts to promote and ensure integrity and high ethics within our company and our industry.
People do business with people they trust, and this recognition is additional proof that people trust Mannatech and Mannatech Associates in Canada.”
The DSA Code of Ethics is an annual pledge that companies and independent sales contractors follow in product sales, consumer care, recruitment and sales force relations.
Consumers can trust that members of the DSA will clearly inform who they are and what they are selling and provide truthful information on pricing, quality, performance, quantity and the availability of their products or services.
“We very much appreciate the recognition,”
said Angela Manuel, VP Group Sales and GM of Mannatech Canada. “Our Associates work hard and follow the rules, and it is wonderful that the DSA recognizes our efforts and
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Mannatech Q1 Revenue Up 2% To $41.4 Million
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 announced financial results for its first quarter of 2018.
First Quarter Results
First quarter net sales for 2018 were $41.4 million, an increase of $0.8 million, or 2.0%, as compared to $40.6 million in the first quarter of 2017.
For the three-month period ended March 31, 2018, our net sales declined 2.5% on a constant dollar basis (see Non-GAAP Financial Measures, below) as compared to the same period in 2017, while favorable foreign exchange caused a $1.0 million increase in GAAP net sales as compared to the same period in 2017.
Loss from operations was $0.9 million for the first quarter 2018, as compared to a loss of $2.0 million in the same period in 2017. Net loss was $0.3 million, or $0.10 per diluted share, for the first quarter 2018, as compared to a net loss of $1.2 million, or $0.46 per diluted share, for the first quarter 2017. Loss from operations included approximately $1.1 million in non-recurring costs related to the corporate office move.
For the three months ended March 31, 2018, Mannatech’s operations outside of the Americas accounted for approximately 66.9% of Mannatech’s consolidated net
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Mannatech Introduces Most Powerful Ambrotose Formula Ever
by Ted Nuyten • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company, has unveiled the most powerful Ambrotose® product ever, its new nutritional supplement, Ambrotose LIFETM powder, at its annual MannaFest convention.
Leveraging advancements in scientific and ingredient research, Mannatech has improved the Ambrotose formula by adding in new clinically-tested ingredients to boost its immune, cognitive, mood and gastrointestinal benefits*.
Additionally, Ambrotose LIFE has more Manapol® powder than in any other product and double the Manapol powder of its top-selling product, Advanced AmbrotoseTM.
Mannatech’s Manapol contains the highest concentration of acemannan found anywhere. Acemannan is a potent polysaccharide found in the inner gel of the aloe vera leaf. It is what gives aloe its ability to support cell-to-cell communication in the body.
“For more than 20 years, Ambrotose has been recognized as one of the most powerful nutritional supplements in the world. One that can boost your immune system, improve cognitive functions and support gastrointestinal health,*”
said Mannatech’s Chief Operating and Marketing Officer, Joel Bikman, from the stage at MannaFest 2018.
“We’ve sold more than $3 billion worth of Ambrotose during that time, but we’re just getting started. We believe Ambrotose LIFE will do more for your health than any other combination of products ever developed.”
“Our core
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Mannatech Packing 271,000 Meals For Malnourished Children
by Ted Nuyten • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company, will be preparing more than 250,000 meals for children in South Africa who are facing malnutrition.
The meal packing event will take place at Mannatech’s upcoming annual convention, MannaFest, in conjunction with its partnership with Mission 5 Million (M5M) and Kids Around the World’s OneMeal program.
In this volunteer effort, hundreds of Mannatech independent sales associates from around the world will work shoulder-to-shoulder to assemble over 271,000 protein-rich meals.
“By serving for an hour or two at this fun, hands-on service event with our Mannatech team, we’ll have a huge, positive impact on the lives of thousands of children in South Africa!” said Mannatech CEO Al Bala.
The meal assembly will include Mannatech’s PhytoBlendTM product, a plant-based powder that mixes easily into a variety of foods such as soups, rice and porridge. It contains over 20 vitamins and minerals to help promote and maintain good health and vitality.
“This is all possible through our partnership with Mannatech and their incredible associates and customers,” said M5M’s Executive Director, Sarah Bowen.
“For every $100 spent on Mannatech products, a one-month supply of PhytoBlend powder is donated to help nourish a child in need – but this meal assembly program at MannaFest
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Mannatech Holds Ribbon Cutting At New Global Headquarters
by Ted Nuyten • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company, announced the date and time for its ribbon-cutting celebration at its new corporate headquarters at 1410 Lakeside Parkway, Flower Mound, Texas at April 27, 2018 at 6:00pm Central time.
“We are very excited to be moving into this new building in Flower Mound,” said Al Bala, CEO of Mannatech, Incorporated.
“Our new, upgraded global headquarters will better meet our needs and will help propel our global growth.”
Among the invited attendees at the ribbon-cutting celebration are 70 of Mannatech’s top independent sales associates from around the world, Mannatech’s executive team and Flower Mound Mayor Tom Hayden.
The ribbon-cutting celebration will be the first official event of Mannatech’s annual global convention, MannaFest, which will run from April 27 to May 1, 2018, primarily at the Gaylord Texan Resort in Grapevine, Texas.
“MannaFest is always a big event, and this year, in addition to the biggest product launch in company history, it’s fitting that we’ll also launch our new global headquarters,”
said Bala.
“This new building is meant to honor our associates. We have an absolutely beautiful new Recognition Hall that will do just that, and we’re eager to share it with them. This is really something for
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Mannatech Reports 2017 Q4 Net Sales Up 8.9% to $46.4 Million
by Nicole Dunkley • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, today announced financial results for its fourth quarter of 2017.
Fourth quarter net sales for 2017 were $46.4 million, an increase of $3.8 million, or 8.9%, as compared to $42.6 million in the fourth quarter of 2016. Income (loss) from operations increased to $1.1 million for the fourth quarter 2017, from ($0.2) million in the same period in 2016. Net (loss) was ($3.7) million, or ($1.37) per diluted share, for the fourth quarter 2017, as compared to ($1.1) million, or ($0.42) per diluted share, for the fourth quarter 2016.
On July 1, 2017, we revised our 2017 Associate Compensation Plan, which was designed to stimulate business growth and development for our active business building associates and to maximize the buying experience for our preferred customers. In doing so, the Company hopes to better utilize commission dollars to stimulate Company growth.
The 2017 Associate Compensation Plan provides revised income streams, new leadership levels and titles, and modified various volume requirements for our associates. In addition, the 2017 Associate Compensation Plan re-designated members as preferred customers and modified their pricing structure.
For the three months ended December 31, 2017, Mannatech’s
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Mannatech Celebrates Growth In Hong Kong Market and China E-Commerce
by Ted Nuyten • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX) a global health and wellness company committed to transforming lives to make a better world, is celebrating its strong growth in the Hong Kong market and China e-commerce with an incentive trip for its highest performers in Asia.
“We’re incredibly excited about this region,” said Mannatech CEO Al Bala.
“Momentum is accelerating in Hong Kong and our ecommerce efforts in China, and it’s time to reward our Associates who are really growing their businesses.”
Bala will be accompanying Mannatech’s highest-performing Associates on a multi-day incentive trip on Australia’s Gold Coast.
“Sales in Hong Kong and China are growing very quickly,”
said Tim Chang, General Manager, Greater China Region, who will join Bala for the event.
“Business is very strong, and our business leaders are doing a wonderful job communicating the desirability of our products and are attracting customers at a very rapid pace.”
The Gold Coast Incentive Trip begins March 11 and runs eight days. Nearly 200 Mannatech Associates & guests will be participating in the reward celebration.
The Star Gold Coast in Australia
About Mannatech
Mannatech, Incorporated, offers a profound wellness experience that makes a difference in the lives of people across the world. Through its innovative Glyconutrition products, Mannatech changes lives, providing an
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Mannatech Promotes Two Senior Members Of Executive Team
by Ted Nuyten • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX) a global health and wellness company committed to transforming lives to make a better world, promoted and added new responsibilities to a pair of senior members of its executive team, Landen Fredrick and Joel Bikman.
Fredrick, previously the Senior Vice President of Global Operations, was promoted to Chief Global Sales Officer and President, North America. He will coordinate worldwide sales activity and have P&L responsibility for all sales activity in the United States and Canada.
“I have seen, on a very personal level within my immediate family, the powerful health benefits of our products, particularly Ambrotose,” said Fredrick.
“Having spent my first 6 years at Mannatech in sales and recently 6 years in operations, I am excited about this new role where I can utilize my experiences to help build our sales team of over 200,000 Associates into a formidable force in the exploding wellness industry.”
Mannatech CEO Al Bala said, “
As we accelerate our sales pace, we must continue to build a pro-Associate culture inside our organization. Landen’s experience and passion for Mannatech and our life-changing products uniquely qualifies him to lead our sales growth around the world.”
Bikman, previously the Senior Vice President of Sales & Marketing, was given new,
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JP Koster From South Africa Achieves Platinum Presidential Director Rank At Mannatech
by Ted Nuyten • • 0 Comments
JP Koster from South Africa achieved Platinum Presidential Direct Rank At Mannatech, a Triple A classified opportunity by Business For Home.
This is what he has to say:
My wife, Bertha and son John, live in Cape Town, South Africa. We live on a beautiful golf estate in Steenberg, Constantia. My wife and I are also expecting a baby girl in April next year.
I was first introduced to the Network Marketing industry by a friend when I was at University in Cape Town back in 2008 at the age of 22.
I guess for me, I got involved because I had trusted my two friends who introduced me. I also loved the fact that the company had over 130 patents on their product technology, 17 published clinical trails and offered their customers a 90-day money back guarantee.
Also, they are a public company listed on the NASDAQ (MTEX), do business in over 26 countries and have been around and still in business after 23 years. We also have an incredible new compensation plan. The past 9 years has been an incredible journey.
I can most certainly confirm that we do overestimate where we can be in 2 years and underestimate where we can be in 9
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Myongjin Lee And Juwon Bae Achieve 3 Star Platinum Presidential Rank At Mannatech
by Ted Nuyten • • 0 Comments
Myongjin Lee And Juwon Bae from South Korea achieve 3 Star Platinum Presidential rank At Mannatech, a Triple A classified opportunity By Business For Home.
They stated:
We met Mannatech in 2006 when we were financially struggling after failing in another business.
We were attracted to Ambrotose, an innovative product based on glyconutrients, Mannatech was also listed on the Nasdaq, but it was Mannatech’s Compensation Plan that won us over.
Many network marketing companies offer opportunities, but Mannatech’s Compensation Plan was exciting because it gave us an opportunity to succeed together with our downlines. And because we believed Mannatech’s Compensation Plan was powerful enough to help us overcome our financial challenges, we made the commitment to succeed no matter what, and worked on our Mannatech business.
Thanks to our efforts, we qualified as PPD in 8 years, recovering our health and wealth, providing a good life for our family, while doing what we loved.
And finally in July 2017!
An upgraded Mannatech Compensation Plan helped us work more closely with our partners, while motivating our consumers and members with the royalty program.
We know how important a Compensation Plan is to develop Network Marketing Leaders, and what we have been preparing for the past 10 years has finally