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
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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
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Jiman Jung And Myong Park Achieve 3 Star Platinum At Mannatech
by Ted Nuyten • • 0 Comments
Jiman Jung and Myong Park from South Korea achieve 3 star Platinum at Mannatech a Triple A classified opportunity by Business For Home.
Triple A is the top classification.
This is what they had to say:
According to statistics, chronic diseases are increasing globally because our immune systems are weakening
Many products claim to boost the immune system, but Mannatech products with scientifically validated glyconutrients, which support our immune system, are truly best in class.
Supply and demand are at the heart of any business. Everybody needs glyconutrients, and because it will become harder to supplement what we need with just food, glyconutrient-based products have unlimited market potential.
Mannatech, a global company offering the best products is also changing its Compensation Plan. Everyone needs both Health and Wealth to be happy. It’s hard to have both, but many successful Mannatech leaders including myself are wealthy and healthy thanks to Mannatech, and that is why they are telling the world about Mannatech
More importantly, our future will be even greater than what we imagine today. After taking and using the products and with what we have achieved, I can proudly say that this is the best business in the world, and that is why we want to tell
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Youngsu Kang and Ilja Jung Achieve 3 Star Platinum At Mannatech
by Ted Nuyten • • 0 Comments
Youngsu Kang and Ilja Jung reside in South Korea, this is what they had to say after achieving the prestigious rank of 3 Star Platinum Presidential Director at Mannatech – a Triple A Classified opportunity by Business For Home:
“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.
Youngsu Kang and Ilja Jung
We know how important a Compensation Plan is to develop Network
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Vintzent And Yolande Van Der Linde Achieve Platinum Presidential Director At Mannatech
by Ted Nuyten • • 0 Comments
Vintzent and Yolande van der Linde are second generation network marketers from South Africa.
Vinzent parents Louis and Leone Van Der Linde are Star Platinum leaders at Mannatech.
Mannatech, global developer of advanced nutritional supplements and a BusinessForHome.org Top 100 MLM Company, has implemented, a new, state-of-the-art global seamless compensation plan which is expected to deliver record-setting growth and new momentum for its independent sales Associates all over the world.
In the last year, Mannatech has reshaped itself with a rebrand and the introduction of a variety of consumer-friendly products in some of the fastest growing market segments in the direct selling distribution channel.
And as of July 1, it has completely overhauled its compensation plan with one that offers a business model built on compliance, simplicity, and incentives for proper Associate behaviors that will build long-term and profitable businesses.
“Our new compensation plan is easy to understand and share while giving our Associates a clear path to building successful and sustainable businesses,”
said Alfredo “Al” Bala, CEO and President of Mannatech.
Van Der Linde Family With CEO Alfred Bala
“Mannatech is widely recognized for having the highest quality, science-backed products, and now our opportunity will match our products.
Our new compensation plan will make sure those
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This Not-So-Average ‘Housewife’ Becomes Platinum Presidential Director
by Nicole Dunkley • • 0 Comments
Hedy Li went from a housewife in 2007, to a first-time qualified Platinum Presidential Director in August. She was inspired by Mannatech to help show her children how to make a better life while helping others, and this inspiration has helped her reach great heights.
In 2010 Hedy was a housewife raising two children in Vancouver, British Colombia, when she was introduced to Mannatech products. She immediately felt the power of Mannatech’s Glyconutritional products and wanted to share their positive benefits with her family and friends.* With a little guidance and support from Associate leaders Hanson Ma and Shen Liqin, she was encouraged to join Mannatech as an Associate.
Another Mannatech leader, Dr. Steve Hines, was also a big influence on helping her achieve success. “I truly appreciate Dr. Hines’ leadership, encouragement and guidance,” Hedy said. “He helped me realized the importance of not just helping oneself but others and my community as a whole. I also really appreciate Hanson Ma and Shen Liqin. Their leadership and ongoing support has been outstanding.”
Mannatech has also brought her closer to her husband Gary Gao as together, with the emphasis on “together,” they have shared the success and growth of her Mannatech business. This has
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Alicia Liu And Liqin Shen From Canada Achieve Platinum Presidential Rank At Mannatech
by Ted Nuyten • • 0 Comments
Alicia Liu And Liqin Shen From Canada Achieve Platinum Presidential Rank At Mannatech – a Triple A classified opportunity by Business For Home.
Mannatech, global developer of advanced nutritional supplements and a BusinessForHome.org Top 100 MLM Company, has implemented, a new, state-of-the-art global seamless compensation plan which is expected to deliver record-setting growth and new momentum for its independent sales Associates all over the world.
In the last year, Mannatech has reshaped itself with a rebrand and the introduction of a variety of consumer-friendly products in some of the fastest growing market segments in the direct selling distribution channel.
And as of July 1, it has completely overhauled its compensation plan with one that offers a business model built on compliance, simplicity, and incentives for proper Associate behaviors that will build long-term and profitable businesses.
“Our new compensation plan is easy to understand and share while giving our Associates a clear path to building successful and sustainable businesses,”
said Alfredo “Al” Bala, CEO and President of Mannatech.
“Mannatech is widely recognized for having the highest quality, science-backed products, and now our opportunity will match our products.
Our new compensation plan will make sure those who are building according to commonly accepted best of class methods to