Grand Power Logistics Group Inc.
TSX VENTURE : GPW

Grand Power Logistics Group Inc.

April 21, 2008 18:03 ET

Grand Power Announces Private Placement

CALGARY, ALBERTA AND HONG KONG, CHINA--(Marketwire - April 21, 2008) - Grand Power Logistics Group Inc. ("Grand Power" or the "Corporation") (TSX VENTURE:GPW) announces, further to its press release issued March 24, 2008, in relation to its proposed non-brokered private placement, it has amended the issue price to $0.70 per Common Share and now proposes to issue up to 7,142,857 Common Shares for gross proceeds of up to $5,000,000.

The proceeds from the Private Placement will be used for working capital and for expanding Grand Power's business activities in Hong Kong and China, including the recent expansion of its Shanghai and Guangzhou operations.

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.

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

Contact Information