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Mannatech to Explore Uganda Biodiversity
Royal BodyCare Announces Korean
Expansion
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Mannatech to Explore Uganda Biodiversity
Mannatech Incorporated, a global wellness solutions
provider and leader in proprietary glyconutritional
supplements, is training three Ugandan chemists in the rigorous process of collecting plants, extracting their
compounds and identifying the functional ingredients.
Uganda is home to an estimated 30 percent of the worlds
biodiversity, said Dr. Robert Sinnott, Mannatechs
Chief Science Officer. A number of their plants
probably have substantial functional value. Although
European pharmaceutical
firms have offered to negotiate harvesting rights
with
Uganda, none have offered the nation much in return.
Mannatech believes Ugandas glyconutrient research
will uncover
sources of high-quality plant sugars that could enhance
the companys
proprietary glyconutritional products. In turn, Uganda
would have
the opportunity to advance its national effort to
promote health and
create an industry around one of its most abundant
natural resources.
Mannatechs products are
dietary supplements, which are classified as food.
These products do not prevent or treat disease. If
new glyconutritionals can be found, such products
could be used
to boost the immune systems both of Mannatechs
customers and
others worldwide, thereby promoting health and well-being.
The world is desperately
looking for nutritional discoveries that can improve
our quality of life. Were excited to have the
opportunity to assist in exploring
Ugandas rich biodiversity and
to share these potentially new
glyconutritional plant sources
with the world, said Sam
Caster, Mannatech CEO and Chairman of the Board.
Traditional healers play a significant
health care role in our
country, said Alfred Nyero, one of the three
Ugandan chemists training at Mannatech. Uganda President
Yoweri Museveni has
diligently pushed the nation toward recognizing and
elevating
the role of traditional healing. The Ugandan parliament
is
working to pass the Traditional Medicine Bill, which
would integrate the crafts plied by local healers into
the national
health-care system by creating training programs
for healers and
establishing working relationships with medical doctors.
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Royal
BodyCare
Announces Korean Expansion
Royal BodyCare Inc. announced the formation of a wholly owned subsidiary, RBC
Sciences Korea Ltd., in Seoul, South Korea. The new branch is planning to begin
sales of RBC nutritional supplements in January 2006 through the companys
same direct-to-consumer sales system used in the United States and other countries.
The company announced its expansion
plan after receiving approval of a credit facility
from Summit Bank of Fort Worth, Texas.
Wayne Holbrook, RBC President,
stated We are pleased to announce the appointment
of Mr. John Shin to Chief Executive Officer of the subsidiary. He is a native
Korean who holds a masters degree from a U.S. university. I worked with
John in a previous company and had the opportunity to witness his exceptional
skills as a management executive.
South Korea is one of the
best markets in the world for direct sales of consumer
products. After the successful acceptance of our
line of nutritional supplements, as well as our business
opportunity, by large numbers of Korean distributors
in the United States, we feel confident that RBC
Life Sciences will be well received in Korea.
Trevor Scofield, the companys V.P., International, who has been in
charge of developing the Korean business plan said, Our initial line
of RBC products has been approved by the Korean government, and essential
regulatory requirements have been met.
RBCs state-of-the-art
software system in Irving, Texas, connects with our
international offices, records sales, converts funds
according to local exchange rates, and calculates
commissions for distributors and their sales organizations
seamlessly across national boundaries. The Korean office will operate
as a branch of this advanced system.
The new
office is located in an appropriate business district
of Seoul, with convenient access to public transportation.
Experienced Korean personnel have been selected to
support Mr. Shin and our sales associates in building
the business of RBC Life Sciences, Korea.
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