Grand Power Logistics Group Inc.
TSX VENTURE : GPW

Grand Power Logistics Group Inc.

August 24, 2005 09:00 ET

Grand Power Logistics Announces Private Placements

HONG KONG AND CALGARY, ALBERTA--(CCNMatthews - Aug. 24, 2005) - Grand Power Logistics Group Inc. (TSX VENTURE:GPW) ("Grand Power" or the "Corporation") announces that it intends to proceed with a non-brokered private placement, subject to regulatory approval, to raise up to $200,250 by issuing up to 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 of 10% of the gross proceeds received by the Corporation will be paid on this private placement.

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

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