Mannatech

Mannatech

Mannatech, Incorporated, is a multinational multi-level marketing firm engaged in research, development, and distribution of "glyconutrients," the company's name for blends of plant-sourced saccharides. Mannatech was founded in November 1993 by Samuel L. Caster and is headquartered in Coppell, Texas. It operates in the United States, Canada, Australia, the United Kingdom, Japan, New Zealand, Republic of Korea, Taiwan, Denmark, Germany, Mexico, South Africa, Singapore, Sweden, Norway, Austria, the Netherlands, Ireland, Estonia, Finland and Czech Republic. The company's stock is traded on the NASDAQ exchange under the symbol MTEX. Mannatech employs over 550 people and sells its products through approximately 570,000 independent sales associates. In 2006, Forbes magazine named Mannatech the #5 company on its annual list of the "200 Best Small Companies" and in 2007 Mannatech was ranked 12th in BusinessWeek magazine's 2007 list of America's "Top 100 Hot Growth Small Companies." Mannatech has experienced periods of public scrutiny regarding the efficacy of its products, including a class-action lawsuit in 2005 and an attorney general investigation in 2007, but by 2009 the company had settled these issues and restructured its compliance department. Mannatech now offers six-month money-back guarantees on all of its products.