Grand Power Logistics Group Inc.

Grand Power Logistics Group Inc.

May 06, 2008 11:50 ET

Grand Power Enters Into Capital Markets Advisory Agreement

CALGARY, ALBERTA AND HONG KONG, CHINA--(Marketwire - May 6, 2008) - Grand Power Logistics Group Inc. ("Grand Power" or the "Company") (TSX VENTURE:GPW) is pleased to announce that it has appointed Ali Mahdavi and Kevin O'Connor operating under Spinnaker Capital Markets Inc. ("Spinnaker") of Toronto as its investor relations advisor and independent capital markets counsel.

The investor relations agreement is for a term of twelve months from May, 1, 2008 to April 30, 2009 and is renewable thereafter on a monthly basis unless a written notice of termination is provided 60 days prior to April 30, 2009. The mandate will be to focus on developing and expanding the network of investors, analysts, and financial intermediaries who are interested in following the Grand Power investment story. The agreement also provides for a full range of investor relations services. In addition to the monthly retainer of $6,500, Grand Power has granted the advisors the option to purchase a total of up to 200,000 common shares of the Company, which vest quarterly throughout the one-year term of the contract.

"We are delighted to have been selected by Grand Power as their investor relations and capital markets advisors and look forward to a long and successful relationship," noted Ali Mahdavi, Partner at Spinnaker Capital Markets.

Mr. Ricky Chiu, President and CEO of Grand Power Logistics Group, stated "Grand Power is very excited to work with Spinnaker to increase our market exposure, and give us stronger representation in North America. This is the next step in our efforts to create the maximum amount of value for our loyal shareholders. We have had a tremendous amount of growth since our public inception, and we look forward to continuing our vision of becoming one of the leading full service logistics providers in China."

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.

About Spinnaker Capital Markets Inc.

Spinnaker Capital Markets Inc. is a Toronto based advisory firm which provides TSX and TSX.V listed companies with an array of advisory services from investor relations to strategically positioning its portfolio of companies for maximum exposure amongst targeted research analysts, and retail and institutional investors. Spinnaker has long-standing relationships with Canadian, American and European investment banking, asset management and retail brokerage firms with focus on the small to mid capitalization market segment.

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

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