Mannatech® and SP Express Enter into Agreement for Improved Distribution
Services Agreement Expected to Improve Experience for U.S. Associates and Customers
COPPELL, Texas--(BUSINESS WIRE)-- Mannatech, Incorporated , (NASDAQ: MTEX ), the leading innovator and provider of naturally sourced supplements based on Real Food Technology® solutions, and Integrated Distribution and Logistics Direct, LLC (doing business as SP Express), are pleased to announce that they have entered into a services agreement that will expand Mannatechs warehousing and distribution reach from one Dallas-based warehouse to add two additional strategically placed distribution centers on both the East and West coasts. SP Express will provide warehousing and fulfillment services for Mannatech (MTEX), which the company believes will result in reduced costs and improved service to its U.S. independent distributors and customers.
We believe this agreement provides the opportunity for us to provide faster delivery service to our customers, along with achieving more efficiency with our U.S.-based transport and logistics, said Dr. Rob Sinnott, Chief Executive Officer and Chief Science Officer of Mannatech.
President and CEO of SP Express, Mich Bayley, said, We are very pleased to engage in this new relationship with Mannatech. We have a high level of respect for the Mannatech organization and are very excited about the opportunity to help them further enhance their supply chain, improve service levels for their independent Associates and grow their business.
Furthermore, we view Dallas as a terrific market for providing order fulfillment services for clients. It is centrally located within the United States, and the facility is well equipped for accommodating the storage and distribution needs of health and beauty and other clients requiring temperature-controlled storage and high-volume order fulfillment, said Bayley.
About SP Express
SP Express is a leading national provider of third-party logistics and order-fulfillment services for a broad spectrum of businesses across multiple channels and industries. With a network of strategically located and modern warehouse and distribution facilities nationwide and a sophisticated suite of complementary service capabilities, SP Express maximizes cross-channel efficiencies to deliver a seamless customer experience. For more information, visit www.spexpress.com or call 866-773-7363.
Mannatech, Incorporated, develops high-quality health, weight and fitness, and skin care products that are based on the solid foundation of nutritional science and development standards. Mannatech is dedicated to its platform of Social Entrepreneurship based on the foundation of promoting, aiding and optimizing nutrition where it is needed most around the world. Mannatechs proprietary products are available through independent sales Associates around the globe including the United States, Canada, South Africa, Australia, New Zealand, Austria, Denmark, Germany, Norway, Sweden, the Netherlands, the United Kingdom, Japan, Taiwan, Singapore, Estonia, Finland, the Republic of Ireland, the Czech Republic, the Republic of Korea, Mexico and Namibia. For more information, visit Mannatech.com.
Please note: 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 forward-looking statements generally can be identified by use of phrases or terminology such as believe, intend or other similar words or the negative of such terminology. Similarly, descriptions of Mannatechs objectives, strategies, plans, goals or targets contained herein are also considered forward-looking statements. Mannatech believes this release should be read in conjunction with all of its filings with the United States Securities and Exchange Commission and cautions its readers that these forward-looking statements are subject to certain events, risks, uncertainties and other factors. Some of these factors include, among others, Mannatechs inability to attract and retain Associates and Members, increases in competition, litigation, regulatory changes and its planned growth into new international markets. Although Mannatech believes that the expectations, statements and assumptions reflected in these forward-looking statements are reasonable, it cautions readers to always consider all of the risk factors and any other cautionary statements carefully in evaluating each forward-looking statement in this release, as well as those set forth in its latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and other filings filed with the United States Securities and Exchange Commission, including its current reports on Form 8-K. All of the forward-looking statements contained herein speak only as of the date of this release.
Brett Duncan, 972-471-7367
Source: Mannatech, IncorporatedCopyright Business Wire 2012