David Johnson - Chief Financial Officer Alfredo Bala - President and Chief Executive Officer

Greetings and welcome to the Mannatech Incorporated Fourth Quarter 2016 Earnings Conference Call. At this time, all participants are in a listen-only mode. As a reminder, this conference is being recorded. Now I’d like to introduce our moderator for the call today, Mr. David Johnson, Chief Financial Officer. Mr. Johnson, you may begin.

Thank you. Good morning, everyone. This is David Johnson, and welcome to Mannatech’s fourth quarter 2016 earnings call. Today, you will hear from both me and Mannatech’s President and Chief Executive Officer, Al Bala. 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, expect, potential, should, could, would, anticipate, project, predict or feel and plan, or other similar words or the negative of such terminologies. 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. In addition to the results presented in accordance with the generally accepted accounting principles or GAAP, I will discuss non-GAAP financial measure constant dollar net sales, which is sales that have been adjusted to exclude the impact of changes due to the translation of foreign currencies into U.S. dollars. I believe that this non-GAAP financial measure provides useful information to investors as it is an indicator of the strengthen performance of our ongoing business operations. This non-GAAP financial measure should not be considered an exclusive alternative to GAAP financial measures. A reconciliation of this non-GAAP financial measure to the most directly comparable GAAP is available in our most recently filed 10-K under the headings non-GAAP financial measures. I will now make a few comments concerning our financial results for the fourth quarter and full year 2016. Our loss from operations for the fourth quarter 2016 was $0.2 million as compared to $2.8 million income from operations for the same period…

Thank you David, hello everyone and thank you for joining us on our fourth quarter earnings call for 2016. I’m Mannatech’s CEO and President, and I would like to also discuss the Company's fourth quarter of 2016. This past year we made the company through a series of strategic investment that injected the company with the energy of a start-up we get with the stability and credibility of 23 years of experience. This new energy and investment made in the company during the fourth quarter and the entirety of 2016 we believe will lead us to a path of growth while reducing our operating income in the near term. We firmly believe that the investments we have made with the right investment. Our focus on building up the company has helped us establish a number of major foundational pieces for Mannatech that will support progress into 2017 and beyond. This includes establishing Mannatech’s new global brand that is more modern and appealing to a new market and audience, especially a millennial audience. We found that our independent sales associates are able to better tell the Mannatech’s story and expand their reach beyond our traditional markets. The new brand has been a critical step for us as we reshape the company to meet the new business realities of the new economy in a social mobile and global world that is driven by entrepreneurs who are breaking away from normal careers and are seeking to be their own bosses and create their own opportunities. Another major foundational step we took was the establishment of Mannatech’s own weight management program, the TruHealth fat loss system. TruHealth has been a disruptive force in a weight management industry as it shatters the mess of the Body Mass Index, BMI and scale weight and establishes fat…

Thank you for listening to Mannatech’s fourth quarter 2016 earnings call. As a reminder company information and filings can be found at the company’s Investor Relations website ir.mannatech.com or by reviewing SEC submission. This concludes today’s call.