Attention Business/Financial Editors:
AADCO announces appointment to the board of directors
AADCO Automotive Inc. (AA: TSX - Venture Exchange)
BRAMPTON, ON, March 9 /CNW/ - Mr. Douglas Kemp-Welch, Chairman of the board of directors of AADCO Automotive Inc. ("AADCO"), is pleased to announce the appointment of Mr. Stephen Y. S. Li to the AADCO board of directors. This will increase the current board to four directors.
Stephen is the Managing Partner-Canada of the Quorum Group of Companies. Stephen joined Quorum in 1989 having moved from Hong Kong where he held a senior management position with the Hong Kong government for 14 years. He has overall responsibility for Quorum's activities in Canada as well as the firm's global business development. Stephen has introduced several international initiatives on behalf of Quorum in the Pacific region, including Quorum's joint ventures with China Trust Group and China Investment & Development Co. Ltd., both of Taiwan, and initiated the Asian operations of Quorum. Stephen is a member of the Board of Governors of Mount Sinai Hospital Foundation and sits on most of the boards of the Quorum Group of Companies.
States Charlie Hodgkinson, CEO, "Mr. Li brings extensive expertise, which will greatly assist in growing AADCO into a national and international supplier of quality used auto parts (LKQ) for the auto repair industry."
AADCO is proud of the association developed to date with Quorum and looks forward to Stephen Li's participation.
About AADCO
AADCO Automotive Inc. is a growing, Canadian public company with a unique business model committed to complete vehicle dismantling to provide quality used OEM parts, recyclable core from insurance salvage and aftermarket parts to meet the needs of the collision/ mechanical repair industry, as well as the remanufacturing industry through it's Coreline division. AADCO serves over 3,000 mechanical and collision repair clients across Ontario through its LKQ parts division. AADCO maintains one of the largest unbolted inventory of quality used OEM parts in Canada at its 87,000 sq. ft. facility in Brampton, Ontario. AADCO is the only auto recycler to have been awarded the Ecologo for environmental stewardship.
The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information: Please contact: AADCO Automotive Inc. - (905) 789-9313, Charles Hodgkinson, CEO, chodgkinson@aadco.ca
