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"Founded in 1994, Mannatech Inc. is a publicly
traded global wellness solutions company headquartered in Coppell,
TX. As a pioneer and world leader in the field of glyconutritionals, Mannatech occupies a unique niche in the
dynamic field of carbohydrate technology.
With close to 300,000,00 in sales in 2004, the company has
International growth in Canada, the U.K., Japan, Australia, New
Zealand, and S. Korea.
Mannatech offers a one-of-a-kind wellness
solution—real nutrition—to the world in the form of glyconutritionals, vitamins, minerals and necessary nutrients that
have been hailed as the missing links to optimal health.
Using our breakthrough technology, we extract nutrients
directly from plants and delivers them to you in the form of
convenient and effective supplements."
-- Company Website
Founders: Sam Caster, Charles "Skip" Fioretti
Open in: 10 countries
Costs to Join: $10 to become a member qualifies you for
5% discount off retail, 10% discount if enroll in optional
Automatic Order program
Mannatech Compensation Plan: recently redesigned, the
new comp plan won the DSA Success Award in 2005 - see below. Now
it is a newer binary hybrid with large front end bonuses.
Download
Mannatech Comp Plan;
Comp Plan in Spanish
Guarantee: 180 day 100% satisfaction guarantees for
retail customers, members, and associates.
Trading Symbol: MTEX
- Nasdaq
Financials
Mannatech Company
Site
Mannatech News
Mannatech says Security Exchange Commission won't take action over firing
Dallas Morning News - Dallas, TX, USA 11/ 6/2008
By JASON ROBERSON / The Dallas Morning News...
Mannatech said Thursday that the SEC has completed its
investigation into the firing
of its accounting firm – and won't take action against
the company ...
Mannatech Gets SEC notice on Accountants' Dismissal
Forbes - NY, USA 9/07/2008
(Reuters) - Dietary supplements provider Mannatech said
it received a regulatory notice calling into question
the timing and completeness of the
10/2007
disclosure on the dismissal of its accountants.
Mannatech facing threat from SEC
Dallas Morning News - Dallas, TX, USA September 5,
2008
The enforcement division of
the SEC threatened Friday to take action against
Mannatech, the Coppell-based maker of nutritional
supplements, citing conduct in firing an accounting firm
last year.
Nancy Lieberman Looks Back
SLAM Online - Palm Coast ,FL August 13th, 2008
SLAM: Would you explain your relationship with
Mannatech? Why are they a company that you support?
NL: ..."I have been taking this
product since 1996. I swear by it. Anybody who knows me,
I give the product to. You have to take this for 120
days because you won’t believe how you feel. Your
recovery time, your stamina, your immune system and your
overall health.
Players that have played for me or players I’ve
trained have all at one point or another been on
Mannatech. So, to be quite honest, that’s just a way of
life for me. In my mind, I wouldn’t be able to do what I
do without having been on these products. Like I said,
it’s not an experiment. I’ve been on them since 1996. I
would never take on a challenge without that being a
part of what I do. They’re the best. They’re simply the
best."
Mannatech posts $10M loss as legal woes hurt recruiting
11:36 AM CT
Dallas Morning News - Dallas, TX, USA August 8,
2008
Like Amway Corp., Mannatech operates as a multi-level
marketing company, heavily dependent on an independent
sales staff aggressively signing up other sales ...
Mannatech To Eliminate Sixty U.S. Jobs - Update
RTT News - Williamsville, NY 7/10/2008
...announced a fifteen percent reduction in its US
workforce, affecting about sixty employees ... Wayne
Badovinus, CEO, said, "We have an opportunity to realize
immediate efficiencies by streamlining projects and
priorities that deliver the ...
Judge Validates Two Mannatech Ambrotose(R) Patents in
Case ... [Link Removed]
MarketWatch - July 11, 2008
...judge's opinion states that Mannatech "is entitled to
judgment as a matter of law" that defendant infringed
and induced others to infringe ... ruling resolves
all issues ... with Mannatech winning ... now
vigorously pursuing all damages that can be awarded ...
NSF International Certifies Purity of Mannatech Products
NPIcenter (press release) - Mississauga, Ontario, CAN
Mannatech will bear the NSF certification on the
supplements’ labels and promotional materials. “NSF
certification is just 1 part of the ...
New Mannatech CEO faces shareholders right away
Dallas Morning News - Dallas, TX, USA June 18,
2008
On the job for 2 days, Wayne Badovinus, new CEO of
Coppell-based Mannatech Inc., faced shareholders at the
annual meeting Wednesday to defend ... [This
article gives a good overview of recent financial and
legal challenges for Mannatech.]
Federal court gives mixed verdict in patent infringement
lawsuit ... RTT News - Williamsville, NY, USA
5/28/2008
In 1 claim, the jury ruled in favor of Glycoproducts
that they did not infringe Mannatech's patent. However,
in another claim, the jury found that ...
Mannatech Settles Lawsuit Dallas
Bizjournals.com - Charlotte, NC, USA Thursday,
March 20, 2008
Nutritional supplements maker Mannatech has agreed
to pay $11.25 million to settle a class-action
securities lawsuit. Coppell-based Mannatech
Mannatech Sports Supplement Study Available on National
Database
Earthtimes - London,UK
COPPELL, Texas, March 17 -- Mannatech, Incorporated , a
leading developer and provider of dietary supplements
and skin care solutions, announced today that ...
Mannatech Reports Loss for Fourth Quarter
Bizjournals.com - Charlotte, NC, USA Friday, March
14, 2008
Mannatech Inc. reported a loss of $3.6 million, or 13
cents a share, for fiscal fourth quarter ... took
a $4.7 million hit for litigation-related expenses on
top of decline in sales
Mannatech
Founder Resigns From CEO Role
R - NY,USA AP 08.21.07, 4:54 PM ET Mannatech
Inc., said Tuesday that CEO, Founder Samuel L. Caster
has resigned as ...
Texas
Sues Mannatech Over Claims July 6, 2007
Wall Street Journal Online July 6, 2007 "The
TX attorney general asked a state court to bar Mannatech
Inc. from allegedly illegal sales and marketing practices,
saying the dietary supplement seller is falsely claiming
its products cure, mitigate, treat or prevent diseases
such as cancer, autism and Down's syndrome, in violation
of state and federal laws ... lawsuit says the company
made illegal claims at its annual corporate event ...
through consumers who testified their poor health rapidly
improved after taking products the company calls "glyconutrients."
The company also allowed vendors at the event to sell
printed and recorded material that makes illegal claims,
the lawsuit alleges."
We Promote Wellness, Not Alternative Medicine 6/2/07
Wall Street Journal - USA Mannatech's corporate ideals
... grounded in our dedication to improve people's
lives through the scientific development of nutritional
supplements ... Mannatech neither encourages nor
endorses the notion that its products cure diseases or
terminal illnesses nor are they to be used as
alternative treatment in place of conventional treatment
... [FREE PREVIEW only posted here by WSJ]
Sugar Pills Have Some People Turning Down Doctor's
Advice, But ... June 1, 2007 ABC News -
USA ... Texas-based company, Mannatech, ...
hundreds of millions of dollars by selling sugar pills,
and some people are turning down their doctor's advice
to ... three-month "20/20" hidden camera investigation
found outlandish claims being made by some Mannatech
sales associates ... "20/20's" hidden camera
investigation found some Mannatech sales associates
teaching potential recruits how to work around legal
restrictions
BusinessWeek:
Mannatech Ranks 12th Among the Nation's Top 100 'Hot
Growth' Small Companies and 4th Best in Return on Capital
COPPELL, Texas, May 30th PRNewswire - First Call --
Mannatech, Inc. has been recognized by BusinessWeek
as the 12th-best "Hot Growth" small company
in the US and as the 4th best in average return on capital
over three years.
In its 2007 annual wrap-up
of America's Top 100 Hot Growth small companies, the
natl. business magazine recognized Mannatech, with $416
million in annual sales, as one company among "the
most innovative and nimble players around." ...
Health Claims by Sales Force Boost Supplement Firm
Source: Wall Street Journal Online 5/11/2007 "When
doctors found a tumor in Angie McHenry's bowel in the
spring of 2006, they told her that her cervical cancer
had become terminal. But her uncle, Stephan Huffman,
gave her some hope ... sales associate for Mannatech
Inc., a publicly traded company that markets vitamins
and nutritional supplements... persuaded Ms. McHenry to
swallow, each day, 32 Mannatech tablets and six
scoopfuls of the company's Ambrotose, a derivative of
aloe vera and larch-tree bark. ... said it would knock
the cancer away," recalled Ms. McHenry, a Coldwater ...
Sam Caster"
PDF here
Mannatech
(MTEX) Increases Quarterly Dividend - StreetInsider.com,
03-13-2007 03:02:51 PM
Mannatech (Nasdaq: MTEX) declared a 12.5% increase
in its regular quarterly cash dividend.
Mannatech Court Date Set in Techmedica Suit Crain's
Detroit Business (MI) 11/6/06 6:26 PM ... now been set in
the lawsuit filed by multilevel marketing giant Mannatech, a
publicly traded company with annual sales pushing $700 million,
against Techmedica Health, ...
HERB GREENBERG Texas Attorney General probing Mannatech
MarketWatch - USA SAN DIEGO (MarketWatch) 10:29 AM ET Oct 27, 2006
-- The Texas Attorney General's office is investigating and has
considered taking legal action against Mannatech, a fast-growing
... The public information request was filed by someone who has
sold short Mannatech's (MTEX)
Scientists Question Claims For Dietary Supplements
DallasNews.com
09/11/2006 Mannatech
Inc.'s sales of dietary supplements have surged in the past three
years, but some leading nutrition scientists view the products as
having little or no benefit, according to a published report. ...
Three Nobel Prize-winning scientists have complained to the New
York attorney general that Web sites falsely use their research to
validate Mannatech products ...
2005 - Mannatech, Inc. Awarded Creative Compensation Plan Design
- Changing a compensation plan is difficult ... sales were
declining partly due to a complex compensation plan that was
neither seamless nor global ... new strategy worked beyond all
expectations ... company involved its field leadership in every
phase of the project ... developed a front-end bonus that made a
major impact on the retention of new associates. ... end result is
that sales up more than 50% since the plan’s introduction
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