Grand Power Logistics Group Inc.

Grand Power Logistics Group Inc.

September 26, 2005 11:29 ET

Grand Power Logistics Announces Closing of Private Placement

CALGARY, ALBERTA and HONG KONG, PEOPLES REPUBLIC OF CHINA--(CCNMatthews - Sept. 26, 2005) - Grand Power Logistics Group Inc. (TSX VENTURE:GPW) ("Grand Power" or the "Corporation") today announced, further to its news release on August 24, 2005, that it has closed its non-brokered private placement in which it has raised net proceeds of $179,925 by issuing 445,000 common shares at a price of $0.45 per common share. The net proceeds from the private placement will be used to increase working capital needed to support anticipated growth of the Corporation's business and revenue. A finders' fee in the amount of $20,025 was paid to Canaccord Capital Corporation on this private placement. The shares issued under this private placement are subject to a 4 month hold period.

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

Contact Information