Grand Power Logistics Group Inc.
TSX VENTURE : GPW

Grand Power Logistics Group Inc.

December 11, 2007 16:09 ET

Grand Power Announces the Closing of $3,500,000 Financing

CALGARY, ALBERTA and HONG KONG, CHINA--(Marketwire - Dec. 11, 2007) - Grand Power Logistics Group Inc. (the "Corporation") (TSX VENTURE:GPW) is pleased to announce that, further to its press release issued on October 31, 2007, the Corporation has closed its non-brokered private placement financing in the amount of $3,500,000, subject to the final acceptance by the TSX Venture Exchange. Pursuant to the financing, the Corporation has issued 7,000,000 Common Shares at a price of $0.50 per Common Share. All Common Shares issued pursuant to this financing are restricted from trading until April 11, 2008.

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

Finder's fees have been paid by the issuance of an aggregate of 385,500 Common Shares at a price of $0.50 per Common Share.

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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