Mannatech has just announced that the company will soon add another country to their ever expanding family. The nutritional products company will expand into Singapore during the fourth quarter, 2008. Mannatech has had a great deal of success in the Asian Markets, and is looking forward to its newest expansion project.
Singapore is a leading developer and provider of skin care products and dietary and nutritional supplements. It was an easy and obvious choice for the company to expand into the country. Among the initial product offerings will be the company’s premier product, Advanced Ambrotose, in capsules and powders, MannaMatrix multi vitamin and mineral supplements and the PhytoMatrix caplets.
Until a new director for Singapore is announced, business in the country will be operated and managed from the company’s Australian headquarters. Mannatech expects their Singapore office to officially open during the first half of 2009.
Wayne Badovinus, President and CEO of Mannatech is looking forward to the company’s newest project, “Given our track record for global expansion success, we are looking forward to entering the Singapore market where we know there is already an interest in Mannatech products.”Opening in Singapore is a natural progression for Mannatech since we have had success in numerous Asian markets. Singapore’s culture and traditions relative to personal health align well with Mannatech’s emphasis on the combination of optimal health and financial wellness.”
Singapore has a great reputation in the direct selling industry. 11 percent of the populations, more than 500,000 people, are involved in direct selling. In the last few years, the total value of the direct sales industry was reported to be over $300 million dollars.
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