Business & Finance
Business and Finance
Business and Finance
Tue, March 31, 2009
Mon, March 30, 2009
Sun, March 29, 2009
Fri, March 27, 2009 Hanfeng Evergreen Inc.: Hanfeng Announces New Board Appointment
TORONTO, ONTARIO--(Marketwire - March 27, 2009) - Hanfeng Evergreen Inc. ("Hanfeng") (TSX:HF) is pleased to announce that Paul Davis has been appointed to the board of directors of Hanfeng effective immediately. Mr. Davis replaces Brian Hayward, who is stepping down from the board for personal reasons. Mr. Davis will assume Mr. Hayward's position as a member of Hanfeng's audit committee.
Mr. Davis has extensive experience in operations, mergers and acquisitions, and financial matters as a corporate officer, lawyer and investment banker. Mr. Davis has served as a director of several public companies, including being the Chair of the Audit Committee of another TSX listed company. Mr. Davis has held senior executive positions in public and private companies, including being Director, Investment Banking of Octagon Capital Canada Corporation, a Toronto based broker, from June 1995 to May 1997, and Senior Vice President, Administration and Human Resources, General Counsel and Secretary of Slater Steel Inc. from 1999 to 2004. Since October 2008, Mr. Davis has been the President and Chief Operating Officer of GPEC Global Corp., an international waste-to-energy company. Mr. Davis studied Economics at Carleton University and obtained a Bachelor of Laws (LLB) degree from the University of Toronto Law School in 1986.
"On behalf of the board, I would like to welcome Paul to the board of directors of Hanfeng. His strong financial background will serve us well as we embark on our next phase of growth," stated Robert Beutel, Chairman of Hanfeng. "We would like to express our sincere thanks to Brian for his contribution to Hanfeng, and we wish him the very best in his future endeavors."
About Hanfeng Evergreen Inc.
Hanfeng is the largest producer of slow and controlled release fertilizers in China. It was the first company to introduce the concept of slow and controlled release fertilizers into China's agriculture market with its establishment of the first commercial scale production in China. All production facilities are located in prime agricultural regions of China. The Company is headquartered in Toronto, Ontario and its shares trade on the Toronto Stock Exchange. [ www.hanfengevergreen.com ].
This press release contains forward-looking information based on current expectations. This forward-looking information entails various risks and uncertainties that could cause actual results to differ materially from those reflected in forward-looking statements. Such statements relate to, among other things, sales growth, expansion and growth of Hanfeng's business, future capital expenditures and Hanfeng's business strategy. Risks and uncertainties about Hanfeng's business are more fully discussed in Hanfeng's disclosure materials, including the Business Risks section in Hanfeng's MD&A, its annual information form and other disclosure filed with the securities regulatory authorities in Canada.
