SOURCE: Mannatech, Inc.

November 14, 2005 19:30 ET

Mannatech, Inc. Increases Quarterly Dividend 14%

COPPELL, TX -- (MARKET WIRE) -- November 14, 2005 -- (NASDAQ: MTEX) Mannatech, Incorporated today announced that on November 11, 2005, its Board of Directors declared a quarterly cash dividend of $0.08 per share payable on Monday, January 9, 2006, to shareholders of record at the close of business on Monday, December 12, 2005. The declaration follows last week's regular meeting of the Board of Directors. The dividend increase to $0.08 from $0.07 reflects Mannatech's continued growth, as well as its commitment to reward long-term investment in its common stock.

Sam Caster, Chairman and CEO, said, "Our dividend increase of 14% reflects the confidence of the Board in the ability of Mannatech to generate strong, profitable growth. We are pleased that our continued cash generation worldwide enables us to maintain a strong balance sheet while funding both a higher dividend and our internal systems installation, and continuing our previously announced share repurchase program."

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, the Republic of Korea, Taiwan and Denmark. For additional information about Mannatech, please visit its corporate Web site: www.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 may be identified generally by the use of phrases or terminology such as "may," "believes," and "will further" 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.

Contact Information

  • Investor Relations Contact:
    Steve Fenstermacher
    972.471.6512
    Email Contact