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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Mannatech, Incorporated    MTEX


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Mannatech : Holds Ribbon Cutting at New Global Headquarters

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04/10/2018 | 10:57am EDT

Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company, announced the date and time for its ribbon-cutting celebration at its new corporate headquarters at 1410 Lakeside Parkway, Flower Mound, Texas at April 27, 2018 at 6:00pm Central time.

“We are very excited to be moving into this new building in Flower Mound,” said Al Bala, CEO of Mannatech, Incorporated. “Our new, upgraded global headquarters will better meet our needs and will help propel our global growth.”

Among the invited attendees at the ribbon-cutting celebration are 70 of Mannatech’s top independent sales associates from around the world, Mannatech’s executive team and Flower Mound Mayor Tom Hayden.

The ribbon-cutting celebration will be the first official event of Mannatech’s annual global convention, MannaFest, which will run from April 27 to May 1, 2018, primarily at the Gaylord Texan Resort in Grapevine, Texas.

“MannaFest is always a big event, and this year, in addition to the biggest product launch in company history, it’s fitting that we’ll also launch our new global headquarters,” said Bala. “This new building is meant to honor our associates. We have an absolutely beautiful new Recognition Hall that will do just that, and we’re eager to share it with them. This is really something for the associates to be proud of. This is about them, and this is about increasing our ability to serve them and support them.”

“We are pleased to welcome Mannatech to Flower Mound,” said Flower Mound’s economic director, Andrea Roy. “Their new home will provide modern and efficient space designed to meet the needs of this leading-edge company. Mannatech’s many annual events will attract a significant number of visitors from all over the world, further contributing to our local economy and elevating the town’s profile.”

Mannatech has leased approximately 53,000 square feet of existing space in the Lakeside Business District. Flower Mound’s economic development staff estimates Mannatech’s relocation will bring in an additional $180,000 in sales tax revenue to the town.

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 Mannatech’s 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 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, Mannatech’s 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 the expectations, statements and assumptions reflected in these forward-looking statements are reasonable, it cautions readers to always consider all 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 the forward-looking statements contained herein speak only as of the date of this release.

© Business Wire 2018
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Financials (USD)
Sales 2019 158 M - -
Net income 2019 3,29 M - -
Net cash 2019 16,5 M - -
P/E ratio 2019 11,9x
Yield 2019 3,11%
Capitalization 41,1 M 41,1 M -
EV / Sales 2018 0,14x
EV / Sales 2019 0,14x
Nbr of Employees 215
Free-Float 49,6%
Duration : Period :
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Alfredo Bala President & Chief Executive Officer
J. Stanley Fredrick Chairman
David A. Johnson Chief Financial Officer
Larry A. Jobe Independent Director
Robert A. Toth Vice Chairman
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