New Board Members Highlight Company's Expansion of Its China Operations
NEW YORK, May 3 /PRNewswire-FirstCall/ -- MFC Bancorp Ltd. (Nasdaq: MXBIF;
and Frankfurt Stock Exchange: MFC GR) announced today the appointment of
Shuming Zhao and Dr. Kelvin K. Yao to its Board of Directors.
MFC President Michael J. Smith commented, "We are pleased to announce
these two new appointments to our Board of Directors. Shuming Zhao and Dr.
Kelvin K. Yao bring strong relationships and many years of broad-based
experience in China to MFC Bancorp, and we believe they will make material
contributions to our expanding industrial and medical activities in China and
the surrounding region."
Shumin Zhao, 52, is Professor and Dean of the School of Business, Nanjing
University, and Dean of the School of Graduate Studies, Macau University of
Science and Technology, PRC. Since 1997, Zhao also has been a Visiting
Professor at the Marshall School of Business at the University of Southern
California. The author of more than 20 books and 170 academic papers and
articles, Zhao has organized four international symposia on multinational
businesses management in China and has lectured throughout the world,
including in the U.S., Canada, Japan, the U.K., Germany, the Netherlands,
Australia and Singapore. Zhao serves as an independent director on the boards
of three other companies, and acts as a management consultant for Chinese and
other international firms. Zhao graduated from Nanjing University with a
degree in English Language and Literature, and received a Master of
Linguistics and Education and a PhD in Higher Education and Human Resource
Management from Claremont Graduate University in California.
Dr. Kelvin K. Yao, MD, 53, is a Professor and Chief Executive Officer of
the Eye Center and Institute of Ophthalmology at Zhejiang University, Zhejiang
Province, PRC. Prior to taking this position, Yao was a visiting scholar at
West Virginia University and also at Memphis Eye and Cataract Associates, in
the US, and was a clinical Fellow at the Universitats Augenklinik in Basel,
Switzerland. Yao has a Doctor of Medicine degree from Shanghai Second Medical
University and a Masters Degree in Medicine from Zhejiang Medical University.
He is a member of several professional societies, including Vice Board
President of the Chinese Society of Cataract and Intraocular Lens Society. Yao
is also the recipient of numerous awards and honors, including the Alfred-Vogt
Prize of Switzerland, the Science and Technology Advanced Prize (Second Class)
of Zhejiang Province, and the Zhejiang Province Outstanding Medical Doctor
award.
About MFC Bancorp Ltd.
MFC Bancorp Ltd. owns companies that operate in the financial services
industry, and specializes in merchant banking and commodities trading
internationally. To obtain further information on the Company, please visit
http://www.mfcbancorp.com .
Certain statements included herein are "forward-looking statements" as
defined by the Private Securities Litigation Reform Act of 1995. Management
cautions that forward-looking statements are not guarantees and that actual
results could differ materially from those expressed or implied in the
forward-looking statements. Important factors that could cause the actual
results of operations or financial condition of the Company to differ include,
but are not necessarily limited to, the risks and uncertainties discussed in
documents filed by the Company with the Securities and Exchange Commission.
Contact: Allen & Caron Inc.
Jay McKeage (investors) Rene Randall
212-691-8087 604-683-8286
jay@allencaron.com rrandall@bmgmt.com
or
Len Hall (media)
949-474-4300
len@allencaron.com
SOURCE MFC Bancorp Ltd.
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Related links:
http://www.mfcbancorp.com
CONTACT:
Jay McKeage (investors), +1-212-691-8087, or
jay@allencaron.com, or Len Hall (media), +1-949-474-4300, or
len@allencaron.com, both of Allen & Caron Inc., for MFC Bancorp
Ltd.; or Rene Randall, +1-604-683-8286, or rrandall@bmgmt.com
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