MONTREAL, Aug. 26, 2008 (GLOBE NEWSWIRE) -- MHB, a Montreal based Biotechnology Company, announced changes in senior management today. Mr. Jacky Quan, a businessman with extensive experience in the health care industry has assumed the position of CEO effective immediately. Mr. Quan joins MHB with experience across several industries where he played roles including founder, director and board member. Mr. Quan said, "I am delighted to join MHB and hope to lead this scientifically-driven company to new heights. MHB's contracts over the past 2 1/2 years have shown its innovation and competitiveness. We hope to develop new clients beyond North America and Europe where our base has been strong. Our goal continues to be focused on advancing the discovery, development and production of promising plant-based products for the pharmaceutical, cosmetic and nutraceutical industries. I understand that a strong advisory board is necessary in moving the company forward and that this will be in place quickly. We are grateful to all the investors who supported MHB in the past and look forward to increasing the investor base."
About Mr. Jacky Quan
Mr. Quan, an international businessman active in the capital markets for funds of start up companies, has extensive ties and relationships in the Asian marketplace, specifically with the Vietnamese and Chinese communities and the Hispanic markets of the Caribbean and South America and is fluent in several South East Asian languages as well as Mandarin and Cantonese. Mr. Quan has undertaken the responsibility to strengthen the company's finances and help in securing its fiscal needs to ensure sufficient funding for its operations.
About MHB
MHB is a unique Montreal based, Biotechnology Company that uses plants, grown in cell culture, to discover, develop and produce new diverse plant products of interest to the pharmaceutical, cosmetic and nutraceutical industries. The science of growing plants in cell culture, called Phytomics, is a new and exciting field in biotechnology. Phytomics can be considered "Green Chemistry". Since it often takes years for plants to come to maturity, or to the point where their metabolites can be harvested, the ability to achieve a production of specific metabolites in a matter of months at a high yield is an important advantage of Phytomics. Phytomics also removes the effects of climate, terrain, weather and seasonality on horticultural production, which are limitations for many field grown medicinal plants. Once an ideal cell line has been identified, it can be grown indefinitely and at any scale.