COPPELL, Texas--(BUSINESS WIRE)--June 26, 2003--Mannatech, Inc. (Nasdaq:MTEX) today announced that it is investigating potential opportunities for future international expansion.
"Mannatech plans to become a truly global wellness company, with presence across the world," stated Sam Caster, Chairman and CEO. "The success of our current international operations has demonstrated the potential for acceptance of our cutting edge carbohydrate technology, and we look forward to introducing Mannatech products to new markets."
Mannatech will begin reviewing a number of additional international markets to determine the best choices for continued business growth. While market analysis has begun, actual entry into new countries is unlikely until 2005.
In addition, Mannatech is tentatively scheduled to introduce its new antioxidant product in the 4th quarter of 2003. Antioxidants have become recognized for their value in optimizing good health and the company has concentrated on the development of this product for several years.
For nearly a decade, Mannatech has considered itself a wellness solution provider that develops innovative, high-quality, proprietary nutritional supplements, weight management products and topical products that are currently sold through a global network-marketing system throughout the United States and the international markets of Canada, Australia, the United Kingdom, Japan and New Zealand.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements are subject to certain events, risks and uncertainties that may be outside of Mannatech's control. Actual results and developments could materially differ from those expressed in or implied by such statements due to a number of factors. In some cases, forward-looking statements may be identified by terminology such as "may," "should," "believes," or "approximates," or the negative of such terms and other comparable terminology. Although Mannatech believes that the expectations reflected in these forward-looking statements are reasonable, it cautions its readers to consider the risk factors and any other cautionary statements in this release, as well as those set forth in Mannatech's filings with the Securities and Exchange Commission. All of the forward-looking statements contained herein speak only as of the date of this press release.