Mannatech, Incorporated (NASDAQ: MTEX), the leading innovator and provider of nutritional supplements based on Real Food Technology® solutions, announced today the official opening event of its Ukraine launch, to be held at the Fairmont Grand Hotel Kiev in the Ballroom from 14:00 to 18:00 on Saturday, July 6 th. The opening will bring Mannatech’s total global presence to 24 countries.
Special guests from Mannatech in attendance will include Sam Caster, Founder of Mannatech; Roy Truett, President of International and Chief Operating Officer; Bo Alex, a leading Mannatech Associate in Europe; Olena Sergeeva, General Manager of Ukraine; and Colin Morgan-Jones, Mannatech’s European Managing Director.
“This opening event is going to be a celebration of all the hard work we’ve put into launching in Ukraine, and all the lives we’re committed to improving moving forward,” said Dr. Robert Sinnott, CEO and Chief Science Officer of Mannatech. “We have high expectations for our Ukraine business, based both on the impressive industry-wide growth the market has experienced in the past few years, and an early excitement we’ve witnessed from residents eager to receive Mannatech’s products and share our mission of linking five million consumers with five million children in need.”
According to the Ukrainian Association of Direct Sales (UDSA), 2013 first quarter retail sales via the direct selling model totaled 1,158 billion USD, up 2.54% from the previous year (2012) with 1,217,000 reported independent distributors, up 3.95% from the previous year. According to the World Federation of Direct Selling Associations (WFDSA), as of 2012, more than 1.2 million people participate in direct sales.Roy Truett, President of International and Chief Operating Officer, added, “Global expansion in key markets has been a foundational strategy for Mannatech this year. We successfully opened in Hong Kong in April of this year, and now our Ukraine opening continues this strategic momentum. Taking into account some of the unprecedented results we’re seeing simultaneously in many of our current markets, especially Korea, Canada and South Africa, we’re very encouraged by these positive global trends.”