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China Broadband: Marc Urbach and Steven Oliveira to the board

Staff writer |
New York, N.Y., USA - China Broadband, Inc., a provider of pay-per-view and video on demand services, announced the resignation of Clive Ng as senior executive and co-chairman of the board and the resignation of Jonas Grossman and David Zale from the board of directors, effective immediately.

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Following such resignations, Marc Urbach and Steven Oliveira were appointed to the Company's Board of Directors.

Mr. Urbach, who currently serves as China Broadband's President and Chief Financial Officer, joined China Broadband in 2008.

Mr. Urbach has over 15 years of accounting, finance, and operations experience. From 2004 to 2008, he served as Chief Operating Officer and Chief Financial Officer of Profile Lighting and Design and Director of Finance at Mercer Inc., a Marsh & McLennan Company from 2002 to 2004.

From 1999 to 2002, he served as Finance Manager at The Walt Disney Company and started his career at Arthur Andersen from 1995 to 1998.

Mr. Oliveira has been Chief Investment Officer of Chardan SPAC Asset Management, LLC since 2008, and President of Oliveira Capital, LLC since its inception in 2002, with focus on investments in Asia, biotechnology and Special Purpose Acquisition Companies (SPACs).

In 1995, while a Managing Partner at CSO Ventures, Mr. Oliveira co-founded Depomed, Inc. and Siga Pharmaceuticals.