PRESS RELEASE Mannatech Appoints New V.P.-Treasury/Investor RelationsMarketwire:
COPPELL, TX -- (MARKET WIRE) -- 04/18/2006 -- Mannatech, Incorporated (NASDAQ: MTEX) today announced the appointment of Gary M. Spinell as its Vice President, Treasury and Investor Relations. Mr. Spinell had previously been with Hotels.com / Interactive Corp. (NASDAQ symbol EXPE), as well as Blockbuster, Inc. (NYSE symbol BBI) and brings a long and impressive background in global cash management, foreign exchange and hedging, credit card relationships, and financial analysis to Mannatech. In addition to treasury management, he will also be responsible for building a more formal and proactive investor relations program for the Company.
"We are excited to have attracted an executive such as Gary," stated Mannatech CEO and Chairman Sam Caster. "His twenty years of experience in Treasury functions combined with his familiarity with investor relations will allow us to focus closely on these important areas. Our plan for 2006 called for greater emphasis on these areas this year, and Gary's background and skills will strengthen our investor relations effort to address growing investor interest in the Company and take the Mannatech story to a wider investor audience. We believe that a stronger program for investor relations brings benefits on a number of issues, and Gary will help move that program forward."
