SOURCE: Mannatech, Inc.

September 02, 2005 17:00 ET

Mannatech to Defend Lawsuits

COPPELL, TX -- (MARKET WIRE) -- September 2, 2005 -- Mannatech, Inc. (NASDAQ: MTEX) learned yesterday that three additional securities lawsuits have been filed against the Company and some of its officers seeking class action status. The Company has reviewed the allegations in the lawsuits and believes they are without merit. Unfortunately, these types of repetitive lawsuits (seeking class action status) are common in today's litigious society and many reputable companies have successfully defended against similar litigation. The Company believes these new suits are similar to another suit that made essentially the same allegations that was filed in New Mexico earlier this year. That litigation was disclosed in the Company's Form 10Q filed on August 9, 2005, for the period ended June 30, 2005. At that time the Company commented that the initial litigation was also without merit and said it would mount a strong defense.

The Company has retained experienced securities litigation counsel to defend itself and its officers and plans to fight the cases vigorously. The Company believes that litigation is inherently unpredictable; however when faced with several lawsuits making similar allegations, the courts frequently consolidate such cases. It should also be noted that a court must certify the purported class action status for a case to proceed as a class action lawsuit and that the courts have not made such a decision in any of these cases.

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

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