Grand Power Logistics Group Inc.
TSX VENTURE : GPW

Grand Power Logistics Group Inc.

October 31, 2007 12:02 ET

Grand Power Announces Private Placement

CALGARY, ALBERTA AND HONG KONG, CHINA--(Marketwire - Oct. 31, 2007) - Grand Power Logistics Group Inc. (the "Corporation") (TSX VENTURE:GPW) is pleased to announce that the Corporation proposes to issue by way of a non-brokered private placement up to 7,000,000 common shares (the "Common Shares") at a price of $0.50 per Common Share, for gross proceeds of up to $3,500,000.

The proceeds of the private placement will be used for working capital and expanding the Corporation's business activities in Hong Kong and China.

A finder's fee of 7.5% of the gross proceeds of the sale of the Common Shares will be paid in Common Shares at a price of $0.50 per Common Share for a maximum up to 525,000 Common Shares.

About Grand Power Logistics Group Inc.

Grand Power Logistics Group Inc. operates principally through its wholly owned Hong Kong based subsidiary, Grand Power Express International Limited (GP Express) and provides air-freight forwarding and sea-freight services, customs brokerage, logistics, warehousing and distribution, as well as other value added services. GP Express has established operations in various regions, particularly in the Greater Pearl River Delta (GPRD), China's largest economic region. GP Express' Subsidiaries or Branch Offices in this region are located in Macau, Shenzhen, Guangzhou, and Jiangmen. GP Express also operates in other regions through Subsidiaries and Branch Offices or Supporting Offices in Shanghai, Taipei, Bangkok and Los Angeles.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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