Grand Power Logistics Group Inc.

Grand Power Logistics Group Inc.

February 18, 2010 12:45 ET

Grand Power Appoints New, Independent Director to Board

- Mr. Jones Chu Brings capital market experience and financing expertise -

CALGARY, ALBERTA AND HONG KONG, CHINA--(Marketwire - Feb. 18, 2010) - Grand Power Logistics Group Inc. (TSX VENTURE:GPW), a China-based provider of logistics services, today announced that Mr. Jones Chu has been appointed to the Company's Board as an independent director. Mr. Chu has more than 15 years of capital markets experience, with a special focus on derivatives trading. Mr. Chu is also a Director and shareholder of Grand Power Logistics Development Co. (GPLD), a subsidiary owned 70 percent by Grand Power Logistics and a group of private investors.

"As a long-time supporter and Company shareholder, Mr. Chu is a welcomed addition to our board," said Ricky Chiu, President and CEO of Grand Power Logistics Inc. "His knowledge of the capital markets will be an important asset, providing counsel to our subsidiary in its efforts to raise financing required for the development of the Yangshan International Container Transit Logistics Park."

As announced previously, Grand Power's subsidiary, Grand Power Logistics Development Co. ("GPLD"), has signed a memorandum of understanding with the Shengsi County People's Government to develop the Yangshan International Container Logistics Park. Grand Power intends to fund the development by raising debt and equity at the GPLD subsidiary level, with none of the financing or dilution expected at the public company level.

Mr. Chu graduated from the City University of Hong Kong with a Bachelor of Science in Finance as well as a Master of. Science in. Financial Engineering. Mr. Chu is currently Equity Derivatives Director with a leading securities firm in Hong Kong.

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, 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. For more information visit

Forward-looking Information

Statements included in this press release that are not historical facts may be considered "forward looking statements". All estimates and statements that describe the Company's objectives, goals or future plans are forward looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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