Grand Power Logistics Group Inc.
TSX VENTURE : GPW

Grand Power Logistics Group Inc.

February 26, 2009 17:38 ET

Grand Power Announces Amendment to Finder's Fee

CALGARY, ALBERTA AND HONG KONG, CHINA--(Marketwire - Feb. 26, 2009) - Grand Power Logistics Group Inc. ("Grand Power" or the "Corporation") (TSX VENTURE:GPW) announces that, further to its press release on February 23, 2009, finders' fees in the aggregate of $63,000 instead of $95,500 were paid in relation to the initial closing of the private placement, of which $32,500, 5% of proceeds, were paid for money raised from holders of existing convertible debentures and $30,500, 10% of proceeds, were paid for new money raised in 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.

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

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