jhv1blz5 wrote: The article validated SOA as an IT architecture paradigm that can be leveraged in many ways. Taking data storage, scalability and application performance to a nifty level using SOA Application Grid infrastructure will no doubt enhance data and application performance on Oracle architecture platforms, it also has the promise of a cost effective and efficient IT delivery model. The very benefits of SOA.
HUBEI PROVINCE, CHINA -- (MARKET WIRE) -- 09/21/07 -- Benda
Pharmaceutical, Inc. ("Benda" or the "Company") (OTCBB: BPMA), a
China-based pharmaceutical company producing traditional Chinese and
conventional medicines, as well as Gendicine®, the world's first
commercialized gene therapy medicine for the treatment of cancer, announced
today that it has appointed Mr. Charles Mo as the third independent
director on the Board and Chairman of the Audit Committee, effective
September 14, 2007. Mr. Mo's appointment establishes the Benda Board as
independent; Benda now satisfies all NASDAQ corporate governance requirements.
Mr. Mo is an American certified public accountant (CPA), licensed to
practice in the states of California and New Hampshire. He has over 30
years of experience in public and corporate accounting, finance, governance
and operations. He is the founder and general manager of Charles Mo & Co.,
an executive search firm. He previously served as COO and CFO of Coca-Cola
Shanghai and CFO of Nike China. Mr. Mo holds an MBA from California State
University, Fullerton. He is fluent in English, Mandarin and Cantonese.
With his extensive experience in public accounting and financial and
internal control management, Mr. Mo meets SEC and NASDAQ criteria to serve
as the Board's "financial expert." The addition of Mr. Mo creates a
five-man Board with a majority of independent directors.
The other independent directors on Benda's Board are John Micek, Managing
Director of Silicon Prairie Partners, LP, a Palo Alto, California-based
venture fund and Q.Y. Ma, Managing Director of New York-based venture
capital firm Time Innovation Ventures. The Benda officers serving on the Board are Mr. Yiqing Wan (CEO) and Mr. Eric Yu
(CFO).
"Benda
Pharmaceutical is deeply committed to continually improving its
corporate governance and fulfilling its corporate responsibilities as a
U.S. public company," said Mr. Yiqing Wan, Benda Chairman and CEO. "The appointment of Charles Mo is a major milestone and
one essential to that effort. His comprehensive knowledge of internal
controls and the U.S. capital markets will help us develop a strong
corporate governance and financial reporting system. Benda intends to apply for a NASDAQ Capital Market listing in the very near
future and the appointment of Mr. Mo is an indication of our firm
commitment to that aim."
About Benda Pharmaceutical, Inc.
Benda
Pharmaceutical, Inc. (www.bendapharma.com), a China-based pharmaceutical
company, is a pure play on explosive Chinese pharmaceutical spending and
the global search for a cancer cure. Benda produces traditional Chinese and conventional medicines, as well as
Gendicine®, the world's first commercialized gene therapy medicine for
the treatment of cancer.
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements.
These statements relate to future events or to our future financial
performance, and involve known and unknown risks, uncertainties and other
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statements, even if new information becomes available in the future. The
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