USANA Health Sciences, Inc. (USNA 35.20, +0.00, +0.01%) has announced that China will be its next international market. Over 6,000 USANA Associates and guests were in attendance at USANA's Asia Pacific Convention in Hong Kong to hear the announcement. This announcement was also broadcast live via a world-wide webcast to an additional 6,000 Associates in various USANA markets.
"For several years now we have been exploring the opportunity to enter China, which is possibly the largest direct selling market in the world," said USANA Chief Executive Officer, Dave Wentz. "The fastest growing segment of our global customer network is among our ethnic-Chinese Associates. Many of these Associates have family relations or other ties to China which presents a significant growth opportunity for USANA, its shareholders and our independent Associates. We are excited about the opportunity to offer our nutritional products to the people of China and are pleased to see such an enthusiastic response from our Associates. We have increased our resources dedicated to opening China and continue to evaluate various strategies and timelines to enter this market."
USANA develops and manufactures high quality nutritional, personal care, and weight management products that are sold directly to Associates and Preferred Customers throughout the United States, Canada, Australia, New Zealand, Hong Kong, Japan, Taiwan, South Korea, Singapore, Mexico, Malaysia, the Philippines, the Netherlands, and the United Kingdom. More information on USANA can be found at http://www.usanahealthsciences.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Our actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including global economic conditions generally, reliance upon our network of independent Associates, the governmental regulation of our products, manufacturing and marketing risks, adverse publicity risks, and risks associated with our international expansion. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in our most recent filings with the Securities and Exchange Commission.