Mannatech
This article was originally published in The Tan Sheet
Executive Summary
September launch of Ambrotose A.O. antioxidant supplement helps boost revenues 44.1% to $49.7 mil. for the third quarter ended Sept. 30 versus the prior-year period, Coppell, Texas-based direct marketer reports Nov. 7. CEO Sam Caster believes the product could total 25% of Mannatech's gross sales by 2005 (1"The Tan Sheet" Aug. 25, 2003, p. 15). Mannatech's net income rose to $2.9 mil. compared with $200,000 in the year-ago period...
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Dietary supplement direct seller reports consolidated net sales increase of 35.6% to $191 mil. in 2003, as income more than tripled over the prior year to $8.8 mil. Coppell, Texas-based company recorded sales of $54.3 mil. in the fourth quarter, up 9.2% over same period in 2002. Mannatech attributes improved annual performance in part to antioxidant product Ambrotose AO, launched last September (1"The Tan Sheet" Nov. 17, 2003, In Brief). Firm plans launches in South Korea in second half of 2004 and Taiwan in first quarter 2005...
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