Mark Nicholls – VP, Treasury & Tax Steve Fenstermacher – Co-CEO and CFO Rob Sinnott – Co-CEO & Chief Science Officer

Greetings and welcome to the Mannatech Incorporated Third 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 & Tax. Thank you. Mr. Nicholls, you may begin.

Thank you. Good morning, everyone. This is Mark Nicholls, and welcome to Mannatech's third quarter 2011 earnings call. Today, you will hear from both Mannatech CEOs, Dr. Robert Sinnott and 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 may 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. Good day, everyone. Our third quarter of 2011 saw continued progress in a number of areas, which we believe are important to the business. Over the Labor Day weekend, we held MannaQuest, our annual North American sales event in Seattle. We were quite pleased with strong attendance for MannaQuest, which was essentially sold-out for us with almost 1,200 in attendance. At this event, our Executive Vice President of Sales, Al Bala, announced a new incentive for our domestic market. The new incentive rewards qualifying downline growth and personal business growth with an iPad. This iPad can become the cornerstone for building a successful Mannatech business by showing our website, our videos, and our online tracking software to new recruits and product consumers. Also, for those who continue to progress up the associate ranks in Mannatech, new business builders can qualify for substantial cash awards as well. We believe this change in direction for our incentive activity will result in greater activation of new recruits and emphasize the value within the Mannatech compensation system. We began thinking of ways to add excitement and interest to our incentives months ago and this new program has caused greater activity almost from the day it was announced. We are concluding the planning for additional changes to the incentive program currently so that for 2012 all Mannatech associates will have the opportunity to invest in their own business futures, qualifying as – such as the iPad and cash payments as well. We believe these changes to our incentives will resonate with both new and established associate leaders, and once again demonstrate that our commission plan is the best in the industry. Also in Q3, we continued the rollout of our Give for Real program in our international markets. This program, which funds donation…

Well, thanks, Steve. Good morning, Mannatech investors. I only have three brief comments that I'd like to make. Number one, we set out at the very beginning of 2011 with the goal of getting our headquarters expenses back in line in order to make us competitive again. This required carefully planning and surgery in order to achieve the necessary financial goals without damaging our future ability to develop and sell innovative health products. I'm pleased to report that we did achieve the financial targets that we set and the resulting reductions in force were as such in nature that they have resulted in greater efficiency and focus in our corporate headquarters. Number two, too many Mannatech associate and corporate staff, our North American MannaQuest event was perceived as one of the best events that the Company has ever put on. The title of the show was Celebrating the Entrepreneur, with the content of the three-day show being very timely and impactful. For the first time, there was a true balance between business builder training, technical training, and activities designed to foster an emotional connection with Mannatech. We had just short of a sell-out crowd at this event and even more importantly, the initiatives launched at this event immediately resonated with the field. Within days of the event we saw measurable increases in recruiting in our Canadian and U.S. markets and these have continued at a high level ever since the early September event. Number three, I believe that we have the strongest management team that Mannatech has ever had to lead us through the rest of this year and into 2012. We will continue to manage our headquarters expenses and will increase the efficiency and profitability of all of Mannatech's global markets. Our recently released MAP program, the incentive program,…

(Operator instructions)

Okay. Seeing that there is no questions, we thank you for listening and we'll look forward to updating you again next quarter. Thank you very much.

Ladies and gentlemen, this concludes today's conference. Thank you for your participation. You may now disconnect. Have a wonderful day.