Dr. David Hsu, MD, MBA
Chairman of the Board, Chairman of the Audit Committee, CIBT Education Group Inc.
Dr. Hsu graduated summa cum laude from the Medical School of the University of Hamburg, Germany in December 1967. After medical training in Germany and New York, he moved to Orange County, California where he started his private practice in 1977, specializing in gastroenterology. Dr. Hsu has authored and co-authored fifteen articles in medical journals. He is board certified in Internal Medicine and Gastroenterology. He has served as an associate professor of medicine as a clinical faculty member of the Medical School of the University of California, Irvine, CA since 1980. Dr. Hsu further obtained his Master of Business Administration degree from Pepperdine University of Malibu, CA in 1987.
In addition to his medical practice, Dr. Hsu was one of the founders and former Chairman of Multi-Fineline Electronix, Inc., a NASDAQ-listed company (NASD: MFLX) with a market capitalization of US$526 million and revenue of US$357 million in 2005. MFLX has over 9,000 employees in the United States and China, with worldwide sales and distribution channels and several manufacturing plants in Suzhou, China. Since its inception in 1984, Dr. Hsu has been actively involved in the financial planning, marketing and strategic planning and operations of MFLX, with particular emphasis on the establishment and expansion of its manufacturing operations in China. In June 2004, Multi-Fineline Electronix, Inc. completed a successful listing on the NASDAQ stock market in New York and soon transformed this company from a $200 million market cap company to over $1.48 billion as of April 2006. Upon completion of the listing, Dr. Hsu resigned from the board of directors and continues to serve as Chairman Emeritus.
From 2000 to 2003, Dr. Hsu also served as an independent director of i-Cable, Inc., a NASDAQ (NASD: ICAB) and Hong Kong Exchange-listed telecommunications company. I-Cable is a leading provider of telecommunication services in Hong Kong with a market capitalization of US$460 million and revenue of US$314 million in 2005.
Dr. Hsu is also a founding partner and Board Chairman of MedicineNet, Inc. (www.MedicineNet.com), an award-winning Internet-based publisher of medical information, which provides free content in easily understandable terms and language. MedicineNet has teamed with physicians and engineers to develop the company from a four-person start-up to over 50 employees and physician writers. Dr. Hsu served to advise management in matters related to funding, e-commerce, marketing, and web content development. MedicineNet is currently rated as one of the top healthcare websites. MedicineNet was sold to WebMD in 2006.
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