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Mannatech, Inc.
600 S. Royal Lane, Suite 200, Coppell, TX 75019 * (972) 471-7400
Business Description The company develops and sells proprietary nutritional supplements and topical products through a network marketing system.
Offering
Information

Company has
gone public

Trading As  MTEX (NASNTL) Industry  Pharmaceutical (SIC 2833)
Type of Stock Offered  Common Shares Filing Date  04/10/1998
Domestic Shares Offered  3,056,016 Offer Date  02/17/1999
Foreign Shares Offered  0 Filing Range  $10.00 - $12.00
Company Shares  1,500,000 Offer Price  $8.00
Selling Shrhldrs Shares  1,556,016 Gross Spread  - -
Gross Proceeds  $24,448,128 Selling  - -
Expenses  $1,100,000 Reallowance  - -
Post-IPO Shares  28,241,738 Employees  300
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Non Underwritten Offering Lead Manager  
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data   12/31/1994 12/31/1995 12/31/1996 12/31/1997    
Revenues   - 8.540 32.234 86.574 150.857 - -
Income from Oper.   - - - - 15.005 - -
Net Income   - -0.283 2.439 7.324 10.799 - -
E.P.S   - -0.010 0.120 0.360 0.500 - -
Revenue Growth (%)      - 277.45 168.58 74.252   -
Net Income Growth (%)      - - 200.29 47.45   -
Oper. Profit Margin (%)    - - - - 9.95 - -
Net Profit Margin (%)    - - 7.57 8.46 7.16 - -
Cash Flow - Oper.     19.42 - -
Cash Flow - Inv.     -8.94 - -
Cash Flow - Fin.     -11.58 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/1997 Financial Ratios
Total Assets    19.88 Current Assets    8.48 Current Ratio    0.51
Total Liab.    17.51 Current Liab.    16.59 Debt Ratio    88.04%
Total Equity    2.38 Working Cap.    -8.11 Debt to Equity Ratio    7.36
Cash    0.06    Return on Assets   54.31%
Use Of
Proceeds
The proceeds from the proposed offering will be used for international expansion, capital investments and for working capital and general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Akin, Gump, Strauss, Hauer & Feld
Bank's Law Firm  Hale and Dorr
Registrar/Transfer Agent  ChaseMellon Shareholder Services, L.L.C.
Auditor  Price Waterhouse
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Last updated: 09/29/1999 3:51:45 AM
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