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Mannatech just announced that the Securities and Exchanged commission has ruled that the direct sales company will not face civil action relating to a complaint filed against it as a result of dismissing its accountant last year.

The SEC announced in September of this year that it was launching an informal inquiry into the dismissal of Grant Thornton, the company’s public accountant. The SEC was looking into whether or not the dismissal of the accountants violated various federal laws. Apparently the firing came after Thornton demanded that Mannatech either remove its chairman and founder Sam Caster or find a new accountant. Mannatech chose the later, and promptly fired Thornton and hired a new accountant. While Mannatech did release a formal statement regarding the firing, they neglected to file the proper 8K within the required time frame.

In early September Mannatech was sent a Wells notice, which was merely an indication that they would look further into the company. The Wells notice gave the company a chance to defend itself to prevent further action.

Upon extensive review of the situation, Mannatech has been cleared of any wrongdoing and will not face any formal sanctions from the SEC.

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Mannatech, Inc, a global developer of skin care products and dietary supplements has just announced the findings of a recent study it conducted of the company’s BounceBack capsules, saying that the study indicates that the supplement can significantly reduce sore muscles after overexertion.

The study, a randomized, double-blind, placebo controlled human crossover study, was conducted by Medicus Research LLC , a California based research organization. Mannatech was quick to note however, that while the Research facility is a well established one, the Food and Drug administration has not evaluated any of the findings or statements regarding the effectiveness of the supplements.

The study was presented last month at the annual International Society of Sports Nutrition Conference and Expo and was also published n the Journal of the International Society of Sports Nutrition.

The study, which the company says was specifically designed to assess the benefits of BounceBack on muscle soreness and muscle recovery, found that the product reduced overall muscle soreness after physical activity, reduced stiffness, and helped contribute to overall joint and cartilage health.

Dr. Robert Sinnott, senior vice president and chief science officer at Mannatech said, “Specifically, researchers concluded that BounceBack capsules resulted in a significant reduction in standardized measures of pain and tenderness post-eccentric exercise, even after engaging in significantly more activity in the two-day period prior to the exercise protocol.

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Mannatech has been awarded over $700,000 dollars in attorneys fees as a result of a recent legal dispute with Glycoproducts International.

Judge Jeff Kaplan of the U.S. District Court of the Northern District of Texas order Glycoproducts to pay $773,347 in legal fees for the successful prosecution of its infringement claims for Mannatech’s Ambrotose products.

In July of 2008 a judge handed down a ruling that Glycobiotics infringed on two of Mannatech’s patents concerning Mannatech’s Ambrotose products. The case had been ongoing for almost 2 years, originally filed in March of 2006. As part of the ruling, Glycobiotics had to immediately stop producing and selling the products specified in the case as well as deliver said products to Mannatech directly for destruction.

“Mannatech has demonstrated that it will fight to protect its intellectual property. The Court’s award of more than $770,000 in attorneys’ fees, along with the Court’s previous entry of a final judgment and permanent injunction, is further notice to all interested parties that we will do what is necessary to support our products and our independent sales Associates in the field,” said Keith Clark, senior vice president and general counsel of Mannatech.

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Mannatech has just launched its newest fat loss product, OsoLean. The new product, which comes in a powder form, is a whey protein supplement that is all natural and can be mixed with any food or beverage.

Last month, Mannatech launched their OsoLean Challenge which is a competition among their independent distributors to see who can achieve the most weight loss while sticking to a diet and exercise plan that includes the OsoLean products. The challenge began September 4th and will continue until the end of December.

Clinical studies conducted by Mannatech has shown that the powder has been shown to help target fat loss and build muscle when combined with a sensible diet and exercise plan. Whey protein has been shown for years to help build and maintain muscle. The new OsoLean Powder takes advantage of the benefits of whey protein and combines the added bonus of distributing it in an easy to take form.

“The launch of OsoLean powder is yet another milestone for our company,” said Dr. Robert Sinnott, chief science officer and senior vice president of Mannatech.”With this newest offering, we are on the forefront of protein peptide technologies that deliver outstanding results. It is an ideal dietary supplement product because it offers the consumer both convenience and the latest application of science to specifically target fat loss while maintaining lean muscle mass.”*

When Mannatech developed the OsoLean powder, they secured a patent on the process that involves separating a certain part of the whey protein call peptides, and concentrated them to increase their effectiveness in fighting fat. This, says the company is what separates their product from other whey proteins on the market.

We told you a month ago about the introduction of OsoLean at MannaQuest, 2008, the company’s annual convention. While distributors got a chance to test and try out the product ahead of the general market, with the launch this week, OsoLean is now available to us all. While there are many whey proteins out there, this product does seem to have some benefits. Aside from the patented process of separating the peptides, the OsoLean contains 22 percent of daily protein needed and 20 percent of calcium needed per day. In addition, the product is also free of synthetic flavors, artificial preservatives or fillers that are commonly found in other products.

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