EXHIBIT 99.1


EQUIDYNE

Press  release


EQUIDYNE  CORPORATION  ANNOUNCES  RESULTS  OF  SHAREHOLDERS'  MEETING



Vancouver,  British  Columbia,  September 17, 2003 - - EQUIDYNE CORPORATION (the
"Company",  Amex:  IJX)  announced  today  that the nominees of MFC Bancorp Ltd.
("MFC",  Nasdaq:  MXBIF) have been elected to the Board of Directors of Equidyne
at  the  shareholders'  meeting held on September 9, 2003. Over 75% of the votes
cast  at  the  meeting  were  voted  in  favor  of  the  MFC  nominees.

The  Company  further  announced  that  Michael  Smith has been appointed as the
Company's  President,  Chief  Executive  Officer  and  Chief  Financial Officer.

Michael  Smith  commented,  "We would like to thank shareholders for the support
they  gave  to  us  in our efforts to establish a new Board of Directors for the
Company.   We  look  forward  to  building  value  for Equidyne's shareholders."

For  further  information  please  call  Rene  Randall  at  (604)  683  5767.


Certain  statements  included herein are "forward-looking statements" as defined
in the Private Securities Litigation Reform Act of 1995.  Management of Equidyne
cautions  that  forward-looking  statements  are  not guarantees and that actual
results  could  differ  materially  from  those  expressed  or  implied  in  the
forward-looking  statements.  Important  factors  that  could  cause  the actual
results  of operations or financial condition of Equidyne to differ include, but
are  not  necessarily  limited  to,  the  risks  and  uncertainties discussed in
documents  filed  by  Equidyne  with  the  Securities  and  Exchange Commission.




                              EQUIDYNE CORPORATION
               SUITE 1620 400 BURRARD STREET VANCOUVER BC V6C 3A6
                    PHONE (604) 683 5767 FAX (604) 683-3205