Mannatech, Incorporated (NASDAQ: MTEX), the founder of the M5M SM ( Mission 5 MillionSM) social entrepreneurial movement, the pioneer of glycobiology and the leading innovator of naturally-sourced supplements based on Real Food Technology® solutions, is proud to share that Direct Selling News magazine has featured CEO and Chief Science Officer, Dr. Robert Sinnott, in its Top Desk section of its January issue. The article is titled “The Science of Business.”
Over his tenure at Mannatech, Dr. Sinnott has applied much of his formal training in the sciences, combined with his career experiences in industry and government, to develop and manage the company’s innovative product line. As CEO, he has applied many of these scientific disciplines in many other areas of the business as well. As quoted in the article, Dr. Sinnott says that, ideally, good business leaders and good scientists both possess creativity, intuition, innovation and the ability to analyze data and spot trends.
In the article, he looks at business from a scientifically objective viewpoint, discussing how many scientific concepts apply well to the direct selling business model.
Dr. Sinnott shares numerous comparisons in the article such as how today’s businesses are comprised of highly specialized areas, similar to the structure of a cell. He also connects psychological and environmental factors in business to factors that govern natural selection in the wild. Additionally, he observes how the principles of money flow in economics are similar to how energy flows in thermodynamics.Another concept he touches on is synergy. Dr. Sinnott believes that sustainable situations are completely possible where the business, customers and society can benefit through properly structured relationships, as is demonstrated by Mannatech's business model of social entrepreneurship. “Mannatech has done very well working the fertile ground where science and business converge,” said Dr. Sinnott. This is manifested in the company’s large patent portfolio of flagship products, in its Mission 5 Million (M5M) program and in the launch of its revolutionary Ūth™ Skin Rejuvenation Crème last year. In fact, he says, “Direct selling and network marketing business models are particularly rich with potential synergies just waiting to be tapped.” Direct Selling News Magazine has been serving the direct selling and network marketing executive since 2004. The full article can be found here. Individuals interested in Mannatech and its products can visit Mannatech.com. Learn more about Mannatech science and related publications and studies at MannatechScience.org. About Mannatech Mannatech, Incorporated, develops high-quality health, weight and fitness, and skin care products that are based on the solid foundation of nutritional science and development standards. Mannatech is dedicated to its platform of Social Entrepreneurship based on the foundation of promoting, aiding and optimizing nutrition where it is needed most around the world. Mannatech’s proprietary products are available through independent sales Associates around the globe including the United States, Canada, South Africa, Australia, New Zealand, Austria, Denmark, Germany, Norway, Sweden, the Netherlands, the United Kingdom, Japan, Taiwan, Singapore, Estonia, Finland, the Republic of Ireland, Czech Republic, the Republic of Korea, Mexico, Namibia, Hong Kong and Ukraine. For more information, visit Mannatech.com. 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.
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