MTEX - Sector: Healthcare --- Industry: Drug Related Products

[setravis]

Profile for:  


Mannatech Inc.
600 S Royal Lane
Suite 200
Coppell, TX 75019
Phone: 972-471-7400
Fax: 972-471-8135
Web Site: http://www.mannatech.com

DETAILS  
Index Membership: N/A
Sector: Healthcare
Industry: Drug Related Products
Full Time Employees: 485


BUSINESS SUMMARY  
Mannatech, Incorporated develops nutritional supplements, topical products, and weight-management products. The company formulates its products using naturally-occurring, plant-derived, carbohydrate-based ingredients that are based on phytochemistry and glycobiology. Its primary products include Plus, Classic Plus, Advanced Plus, Glycentials Vitamin and Mineral Supplement, Life Enhancement Pack, Ambrotose AO, and Ambrotose that offer various nutritional supplements for general overall optimal health; Ambrotose complex, CardioBalance, Immunostart, Ambrotose Bulk, Mannacleanse, PhytAloe, PhytAloe Bulk, GI-Pro, GI-Zyme, and Ambrotose with Lecithin, which concentrate on specialized nutrients for wellness management of the body; Manna-C, AmbroStart, Mannatonin, and Wellness Water Bottle to support physiological functions; and Sport and Empact that provide nutrition to support optimal physical performance and maintain muscle mass. In addition, the company offers Accelerator 2, Catalyst with Ambroglycin, Fiber Full, and GlycoSlim Meal Replacement Drinks in Vanilla and Chocolate, which concentrate on body nutrition and weight management system; Glyco-Bears and MannaBears that enable nutrition to children for health and wellness; and AmbroDerm, Emprizone, and Firm that deliver antioxidants for skin care, such as natural texture, softness, and elasticity. As of December 31, 2005, the company offered 25 nutritional products, 3 topical products, and a weight-management system consisting of 4 different products. It operates in the United States, Canada, Australia, the United Kingdom, Japan, New Zealand, the Republic of Korea, Taiwan, and Denmark. The company sells its products through its network-marketing system of independent associates and members. Mannatech was founded in 1993 and is headquartered in Coppell, Texas.

[setravis]

Symmetrical Triangle (continuation) Pattern
Breakout has occurred with nice follow through.
Bullish 50/200-day MA Crossover......

Business Overview
BRIEF: For the fiscal year ended 31 December 2005, Mannatech, Inc.'s revenues increased 32% to $389.4M. Net income increased 47% to $28.6M. Revenues reflect an increase in current independent associate base, expansion into Taiwan & increase in shipping fees charged. Net income also reflects higher operating margins & absence of non-cash charge related to an affiliate stock sale. http://www.mannatech.com/

[setravis]

Press Release Source: Mannatech, Incorporated


Mannatech Announces It Will Begin Selling Glyconutritional Products in Germany Next Month
Saturday March 25, 1:00 pm ET


COPPELL, Texas, March 25 /PRNewswire-FirstCall/ -- Global health and wellness provider Mannatech, Incorporated (Nasdaq: MTEX - News), announced today it will begin selling some of its glyconutritional products in Germany on April 3. The company's United Kingdom office, Mannatech Limited, will oversee sales and shipments to the new market.

Germany is the third European Union country -- and the 10th country overall -- where Mannatech products are sold. In chronological order, the other countries are the United States, Canada, Australia, the United Kingdom, Japan, New Zealand, Republic of Korea, Taiwan and Denmark.

"The German culture is strongly focused on wellness," said Mannatech President of International Operations, John Price. "There is particular interest in patented products backed by extensive research. We believe Mannatech and its independent Associates based in this market will develop an enduring relationship with the people of Germany."

Founded in 1993, Mannatech is a leading wellness company and a pioneer in the field of glyconutritional research and development. The company announced a ground-breaking formulation in 1996 of a nutritional supplement comprised of a unique blend of plant-based sugars, which are also referred to as glyconutrients ('glyco' is the Greek word for 'sweet').

Medical research has discovered that eight glyconutrient sugars are needed at the cellular level for optimum immune function. Six of these dietary glyconutrients, however, are often lacking in our modern diets, so Mannatech sought new and better sources of the missing nutrients. The effort culminated in the Ambrotose complex. Today, 20 patents -- including one from the U.S. Patent and Trademark Office -- have been issued to Mannatech for technology related to the Ambrotose complex formulation.

Today Mannatech has more than two dozen glyconutritional products for adults and children that address health and nutrition, sports performance, weight management and skin care.

About Mannatech, Incorporated

Mannatech, based in Coppell, Texas, is a wellness solutions provider that sells its products through a global network-marketing system throughout the United States and the international markets of Canada, Australia, the United Kingdom, Japan, New Zealand, Republic of Korea, Taiwan, Denmark and Germany. For additional information about Mannatech, please visit its corporate Web site: http://www.mannatech.com . Media may contact Alan A. Van Zelfden at 972-471-7334 or by e-mail at [email protected] .

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 may be identified generally by the use of phrases or terminology such as "may," "believes," and "plans" 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 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 its expectations, statements, and assumptions reflected in these forward-looking statements are reasonable, it cautions its 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 other filings filed with the 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.

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Source: Mannatech, Incorporated



Headline News Link.....  http://finance.yahoo.com/q/h?s=MTEX

[vic666]

setravis...

nice coincidence, bcoz I was planning on introducing MTEX to the board later tonight...

here's what I was looking at...a 1.25 yr. weekly chart.

sometimes, IMO, daily chart tend to show indicators as being overbought or extended...kinda like in MTEX's daily chart that you posted where the RSI and MACD were pretty extended.

I find that in such scenarios. it's useful to use the weekly chart which gives a better picture of where things might be headed in a 2 - 4 week period.

The golden crossover is certainly bullish, and the RSI is almost there at the 70 level, and the stochastics are very positive too.

Applauds to you on the pick! 

[vic666]

oh! forgot to mention price targets....I see near term resistance at $20.00, and if that's taken out, we should test the high of $25.50 from back in March 2005.

[setravis]

Oh, and I Applaud you on our "ESP" connection! Spooky....
Let's see what this little pup will do tomorrow morning....