Full Press Release Details
Mannatech Declares Dividend
Coppell, TX, August 27, 2008 Mannatech, Incorporated (NASDAQ MTEX) announced that its Board of Directors declared a quarterly cash dividend on Tuesday, August 26, 2008 of $0.02 per share
of common stock payable on Monday, September 29, 2008, to shareholders of record at the close of business on Wednesday, September 10, 2008. The dividend is a reduction of $0.07 per share from the dividend paid in the second quarter 2008.
Wayne Badovinus, president and CEO of Mannatech, said, This marks the 18th dividend declared by our board since 2004. Reflecting our lower quarterly sales and recruiting, we believe it is financially prudent to adjust our dividend
downward. Strong liquidity is an important factor in our on-going turnaround efforts and this action will make an important contribution. We believe in the quality of our products and the future of our company and we remain committed to returning
value to our shareholders.
Mannatech, Incorporated is a global wellness solutions provider of innovative, high-quality, proprietary nutritional supplements, topical and skin care products, and weight management products sold through independent associates and members
located in the United States and the international markets of Canada, Australia, the United Kingdom, Japan, New Zealand, the Republic of Korea, Taiwan, Denmark, Germany, and South Africa.
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 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, 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 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.
Contact Information:
Corporate Communications