COPPELL, Texas--May 20, 2003--Mannatech, Inc. (NASDAQ:MTEX) today announced that it has been granted a patent for dietary supplements containing glyconutritients by the government of the Hong Kong Special Administration Region.
"It is always exciting to add to the list of countries where our technology is patent- protected," said Chairman, Co-founder and Chief Executive Officer Sam Caster. "As our Associates have long known, we have very special products which are proprietary and supported by science. As a company, we are in a unique position to be able to offer an opportunity that we believe to be the best in the network marketing business."
He added, "We believe that our proprietary complex of glyconutrients is critical in capturing significant market share in the exploding industry of wellness. Our patent in Hong Kong is simply another step in that direction."
"Having a patent in Hong Kong provides Mannatech with exclusive rights to certain compositions that other companies, including drug companies, cannot make, use or sell in Hong Kong," explained Terry Persinger, President and Chief Operating Officer.
In addition to Hong Kong, Mannatech has secured patents in France, Germany, Ireland, Italy, Liechtenstein, Spain, Switzerland, the United Kingdom, New Zealand, Australia, Singapore, Mexico and the Republic of South Africa. In 1998, the Republic of South Africa became the first country to issue a patent to Mannatech.
Mannatech, Inc. is a wellness solutions provider that develops innovative, high-quality, proprietary nutritional supplements, topical products and weight management products, which are 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.