Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, had its CEO and President, Alfredo “Al” Bala, and General Counsel, Erin Barta, share their expertise in building a robust legal and compliance program that serves as a model for the direct sales industry during a keynote presentation at this week’s Direct Selling Legal and Compliance Summit in Dallas, Texas.
The Direct Selling Legal and Compliance Summit is a gathering of industry executives and leaders who are seeking the best practices to reduce their risk, grow and protect their companies and navigate an ever changing regulatory landscape facing the direct sales industry. Along with delivering a keynote presentation Bala served as master of ceremonies for the two-day event.
Bala and Barta’s keynote presentation was titled
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Mannatech Warns Against Fake Aloe Vera Products
by Ted Nuyten • • 0 Comments
Mannatech is encouraging consumers of aloe vera products to be cautious of fake aloe vera products on the market or products that include no or only minute amounts of the healthful ingredients found in aloe vera.
This advice is Mannatech’s response to a recent exposé published by Bloomberg News where it was discovered that many aloe vera-based products found in more than 23,000 stores across the United States didn’t actually include aloe vera.
According to Bloomberg’s independent testing, they found:
Aloe’s three chemical markers — acemannan, malic acid and glucose — were absent in the tests for Wal-Mart, Target and CVS products conducted by a lab hired by Bloomberg News. The three samples contained a cheaper element called maltodextrin, a sugar sometimes used to imitate aloe.
Because of this report, Mannatech is calling on developers of aloe vera products
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Mannatech Review – Poised For Sharp Acceleration In Sales, Stock Exceedingly Cheap
by Ted Nuyten • • 0 Comments
Mannatech – a Triple A classified opportunity by Business For Home – is a public Direct selling company and stock analysts are increasing positive about the company:
“Mannatech sells vitamins, nutritional supplements, and dietary products to consumers through its website and independent sales associates. The company was founded in 1993 and has steadily grown by building one of the strongest patent portfolios within the industry (more than 3x the size of next closest peer), building a recognizable brand, and expanding aggressively on a global scale.
Current valuation suggests the stock is priced for some catastrophic event when, in fact, MTEX is completely unencumbered both financially and legally. Recent operating trends have been extremely strong, and the best may yet be to come as the company prepares for its mainland China debut.
LTM sales are $183m
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Mannatech’s Products Now Available In China
by Ted Nuyten • • 0 Comments
Mannatech – a Triple A classified opportunity by Business For Home – announced that it has made several of its innovative, high-quality nutritional supplement products available in Mainland China through a cross-border e-commerce website that offers a unique online retail shopping experience at: www.MeiTaiChina.com.
“We are thrilled to launch this e-commerce site in the largest nation in the world. It is our privilege to deliver Mannatech’s health and wellness products to a region that is constantly seeking better wellness solutions,” said Mannatech’s CEO and President, Alfredo “Al” Bala.
“This e-commerce retail site allows Mannatech to open the doors wide for anyone in China who would like to improve their lives and the lives of their family members by using our renowned, revolutionary wellness products.
The e-commerce site is part of a number of
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Mannatech Celebrates Growth With Leadership Events in Mexico and Colombia
by Ted Nuyten • • 0 Comments
Mannatech Mexico’s live-streamed Super Regional event took place in Guadalajara, Mexico on Saturday, November 12, which was met with great enthusiasm and a standing-room-only crowd.
The theme for this Foro de Lideres was “Creo en Mi” (Believe in Me). With an outstanding 450 in attendance, the event featured corporate and Associate leaders who shared business building insight to help encourage and inspire Associates.
Among the Associate speakers were Germain Vaca, Sandra Galan and Guillermo Lemble, Mirian Rodriguez and Daniel Bedolla, as well as Soraya Kan and Alex Lee. These leaders shared their own tips on how to successfully build a global business and how to reach the next level.
Mannatech Corporate leaders also shared their vision and updates for Mexico at the event including Chris Simons, Regional President of North America and EMEAA; Olga Zamudio,
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Mannatech’s CEO Awarded Business For Home’s Turn Around Award 2016
by Ted Nuyten • • 0 Comments
Business For Home is pleased to present its Turn Around Award for 2016 to Mannatech’s CEO and President, Alfredo “Al” Bala.
This award is given each year to a CEO of a multi-level marketing company who demonstrates the ability to transform and turn a company around.
This year, Bala has won the award based on his ability to establish effective operations, implement solid management and increase production, in addition to the other operational factors leading to the transformation of an international direct sales business.
Bala, 56, is well known throughout the industry and at Mannatech for his passionate support of the company’s sales Associates, and he has been a key contributor to bringing Mannatech back to profitability. He has 36 years of experience working in the direct sales industry, with 28 of those spent
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Julia Zhu And Tony Bao – Mannatech Achieve Million Dollar Club
by Ted Nuyten • • 0 Comments
Julia Zhu and Tony Bao, founders of the Happy Team and one of the first two Chinese Canadian couples to achieve the prestigious Platinum Presidential Director leadership level, have achieved huge success with Mannatech.
They are Chairman’s Club members, which is an exclusive club made up of only top leaders within the company, as well as Million Dollar Club members, meaning Julia and Tony have earned more than $1 million in commissions since joining Mannatech.
But the road to success hasn’t been easy. Julia immigrated to Canada in 2004, leaving behind her job, family and friends in an effort to help provide her son with a proper education.
Julia is very well-educated; she received her master’s in electrical engineering from the University of Electronic Science and Technology at Xi’an, and she was one
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Mannatech’s Scientific Advisory Board Elects Vice Chairman, Adds New Member
by Nicole Dunkley • • 0 Comments
As a part of Mannatech’s continued commitment and dedication to providing science-backed nutritional supplements to its worldwide customer base, its Global Scientific Advisory Board (GSAB) serves to support this pledge, while providing their insight and expertise.
To expand upon this promise, Mannatech’s GSAB has elected Dr. Stephen Boyd, B.Sc., M.D., PhD as vice chairman.
In this role, he will work alongside all the other GSAB members to ensure that this body helps enable Mannatech to provide innovative nutritional technology and products that are supported by clinical trials and scientific validation.
Dr. Boyd served as Mannatech’s Medical Director from 1997 to 2011. Throughout his career, Dr. Boyd spent 15 years practicing medicine, with a focus on wellness and health maintenance, and he spent more than 20 years in pharmaceutical and nutritional clinical education and research.
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Mannatech Co-Founder Ray Robbins Retires from Board of Directors
by Ted Nuyten • • 0 Comments
Mannatech, a global health and wellness company committed to transforming lives to make a better world, announced that its co-founder, Marlin Ray Robbins, gave notice of his resignation as a member of Mannatech’s Board of Directors on Thursday, November 10, effective immediately as of such date.
Robbins, Mannatech’s top sales associate, announced that he resigned from his position as Director in order to focus on his business as an independent associate of Mannatech, and his decision to resign was not the result of any disagreement with Mannatech.
“It has been both an honor and a privilege to serve on Mannatech’s Board of Directors,” said Marlin “Ray” Robbins.
“My fifteen years on the board has been extremely rewarding, and I have witnessed nothing but dedication and professionalism in my time serving. I am looking
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Mannatech Q Sales Up 9.8% To $48 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, announced financial results for its third quarter 2016.
Third quarter net sales for 2016 were $48.1 million, an increase of $4.2 million or 9.8% as compared to $43.9 million in the third quarter of 2015.
Our net sales increased 6.8% on a constant dollar basis (see Non-GAAP Financial Measure disclosures below). Income from operations was $0.5 million for the third quarter 2016, as compared to $2.2 million income in the same period in 2015.
Net income was $1.3 million, or $0.46 per diluted share, for the third quarter of 2016, as compared to $0.1 million net income, or $0.03 per diluted share, for the third quarter of 2015. During the third quarter, our operations