Mark Nicholls – VP, Treasury and Tax Steve Fenstermacher – Co-CEO and CFO

Greetings and welcome to the Mannatech Incorporated second quarter 2011 earnings conference call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator instructions) As a reminder, this conference is being recorded. Now, I would like to introduce our moderator for the call today, Mr. Mark Nicholls, Vice President, Treasury and Tax. Thank you, Mr. Nicholls, you may begin your conference.

Thank you. Good morning everyone. This is Mark Nicholls, and welcome to Mannatech’s second quarter 2011 earnings call. Today, you will hear from Mannatech's Co-CEO and Chief Financial Officer, Steve Fenstermacher. Before we begin the call, I will first read the Safe Harbor statement. During this conference call, we may make forward-looking statements, which can involve future events or future financial performance. Forward-looking statements generally can be identified by the use of phrases or terminologies such as will continue, may, believe, intend, expects, potential, should, and plan or other similar words or the negative of such terminology. We caution listeners that such forward-looking statements are subject to certain events, risks, uncertainties and other factors and speak only as of today. We also refer our listeners to review our SEC submissions. Thank you. And now, I will turn the call over to Steve Fenstermacher, Co-CEO and Chief Financial Officer.

Thanks Mark, and good day everyone. The second quarter of 2011 was an important period for Mannatech. In our discussion of the first quarter of 2011, we spoke of the planning effort, which takes place in our January meetings with our independent associate leaders each year. In addition, we started our annual travel incentive qualifying period in January. This year, we initiated operations in Mexico, with our offices in Guadalajara and Mexico City and product pick-up facilities in those cities as well as a distribution center located in Monterey. In the second quarter, we began working on modifications to our Associate Compensation Plan to strengthen the leadership ranks throughout the world. In addition, Mannatech opened four additional European countries for business in the final weeks of the quarter. To our group of seven European countries, we added Ireland, The Czech Republic, Finland, and Estonia. These Eastern European countries were added with a specific target in mind, which is the eventual entry of Mannatech into Russia at some point in the future. These new markets bring our European presence to a total of 11 country markets. So, a number of critical projects were kicked off. We have successfully completed some and made very good progress on others in this recently-ended second quarter. In July 2010, Mannatech chose to take on the Number 1 health risk that children face today, poor nutrition. By providing nutritional supplements, based on Real Food Technology solutions through our Give for Real donations through consumption program, together with our Associates, we believe we can affect the lives of children suffering from inadequate nutrition. One of our goals is to eventually link 5 million consumers worldwide directly to the needs of 5 million undernourished children. The Give for Real program is how Mannatech makes the idea of social…

(Operator instructions) There are no questions at this time.

Thank you for listening to our call, and we look forward to updating you again next quarter.

This concludes today’s conference call. You may now disconnect.