Grand Power Logistics Group Inc.
TSX VENTURE : GPW

Grand Power Logistics Group Inc.

June 17, 2009 16:30 ET

Grand Power Logistics Announces Private Placement

HONG KONG, CHINA AND CALGARY, ALBERTA--(Marketwire - June 17, 2009) - Grand Power Logistics Group Inc. ("Grand Power" or the "Corporation") (TSX VENTURE:GPW) announces that it plans to proceed with a non-brokered private placement, subject to regulatory approval, of convertible debentures (the "Debentures") to raise up to $3,000,000. The Debentures will carry interest at the rate of 10% per annum payable quarterly. The Debentures will have a maturity date of two years from the date of closing and will be convertible, at the option of the holder, into common shares of the Corporation at a conversion price of $0.30 per share. A finders' fee of up to 5% of the gross proceeds received by the Corporation will be paid on this private placement.

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

It is expected that the directors and officers of the Corporation will acquire a number of the Debentures to be issued under the Private Placement.

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, Beijing, Tianjin, Xiamen, Taipei, Bangkok and Los Angeles. www.grandpowerlogistics.com.

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

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