Mannatech Announces Transition to Social Entrepreneurship Model
Mission 5 Million Movement Accelerates Connection to Five Million Children in Need
COPPELL, Texas--(BUSINESS WIRE)-- Mannatech, Incorporated (NASDAQ: MTEX), the leading innovator and provider of nutritional supplements based on Real Food Technology® solutions, announced its plans to support its Mission 5 Million movement by completely transitioning its business into a Social Entrepreneurship model at its national MannaQuest Branson event on August 30, 2013. Mission 5 Million, or M5M, represents Mannatechs mission to link five million consumers of its glyconutrient, food-based nutritional supplements with five million children in need. As a Social Entrepreneurship company, Mannatech (MTEX) has created a nutritional supplement powder specifically designed to help in the fight against global malnutrition. Anytime a consumer purchases a Mannatech product, a donation of nutritional supplementation is provided for a child in need.
According to the World Health Organization, about one third of all child deaths are linked to malnutrition. Since 2010, Mannatech has donated more than 12 million servings of its PhytoBlend" powder in 15 different countries through its original Give for Real® program. Building on this foundation, the launch of M5M is a bold, mission-driven shift to focus Mannatechs business model and further undergird its core values and corporate vision. Mannatech is the first Social Entrepreneurship company offering a leverage-based incentive program for those who enlist to champion its cause.
The official transition will take place on August 30, 2013 at Mannatechs national MannaQuest event in Branson, Missouri. Many Mannatech corporate and field speakers, as well as some special featured speakers soon to be announced, will highlight the event. Extended presentations and training regarding the companys programs and products will also be featured at the event.
"I am honored to serve this great company as we take this giant step forward, said Bo Short, President of Business and Field Development. Being able to financially reward people that champion our cause enables us to accelerate our mission to achieve an even greater impact. The ability to change YOUR world and THE world at the exact same time is a powerful and significant paradigm."
Dr. Robert Sinnott, CEO and Chief Science Officer, added, Mannatech has always been a company with a big heart and a big purpose. Whats different now is the clarity and focus of our mission, and the means and method by which we are setting out to make it a reality. Thats what M5M represents. We truly believe it has the ability to change the world.
Mannatech was founded in 1994, built upon the disruptive discovery of glyconutrients. The company went on to pioneer products based on Real Food Technology solutions, an approach to nutritional supplementation that uses real-food sources. Mannatech applies these same innovative technologies to aid malnourished children around the globe.
Individuals interested in Mannatechs products or joining its Mission 5 Million movement can go to Mannatech.com. Specific video recaps of recent M5M trips to Guatemala and South Africa can be found at these links provided.
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, Namibia, Australia, New Zealand, Austria, Denmark, Germany, Norway, Sweden, the Netherlands, the United Kingdom, Japan, Taiwan, Singapore, Estonia, Finland, the Republic of Ireland, Czech Republic, the Republic of Korea, Mexico, Hong Kong and Ukraine. 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 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 2013