Grand Power Logistics Group Inc.
TSX VENTURE : GPW

Grand Power Logistics Group Inc.

June 22, 2015 09:28 ET

Grand Power Opens Branch Office for E-Commerce Hub

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - June 22, 2015) - Grand Power Logistics Group Inc. (the "Corporation") (TSX VENTURE:GPW) is pleased to announce that it has recently opened a new branch office in the city of Fuzhou, located in China's Fujian Province.

The branch will serve as the hub for a newly launched initiative by Grand Power, focusing on online and e-commerce shipping. The platform will initially concentrate on shipping between Europe and southern China, but also direct efforts toward serving the intra domestic market, which is growing substantially with the increase in online retail shopping in China.

According to the China E-Commerce Research Center (CECRC) an estimated 461 million Chinese consumers, a third of the country's population, are now shopping online, up from 46 million in 2007. China's e-commerce market grew 49% last year, and in 2013 overtook the U.S. as the world's biggest e-commerce market. Last year the country had $453 billion in sales online, 11% of all retail sales. With this tremendous growth, and the massive scale of shipping needed, is a hugely complex China logistics sector. There are over 35,000 express delivery companies operating inside of China's highly fragmented market. Of all the domestic cargo, 78% is being moved by road. With over 790,000 road hauliers, the top 20 trucking companies have only 2% of the total trucking market. (Source: Warehousing & Logistics International)

Ricky Chiu, President and CEO of Grand Power, said, "The Chinese e-commerce market is growing substantially, especially with the increasing development of mobile shopping. As the China logistics sector continues to grow to meet this demand, we believe a company like Grand Power who has both international and domestic experience, has the flexibility and know how to efficiently operate across this complex network of domestic and foreign couriers." He added, "Also, many foreign companies now prefer to ship internationally than to open physical locations in China. We think this a great opportunity to expand our operations and increase the diversity of our revenue stream, utilizing our current networks with little risk to the company."

About Grand Power Logistics Group Inc.

Grand Power 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), one of China's largest economic regions. GP Express' Subsidiaries or Branch Offices in this region are located in Macau, Shenzhen and Guangzhou. GP Express also operates in other regions through Subsidiaries and Branch Offices or Supporting Offices in Shanghai, Beijing, Tianjin, Xiamen and Fuzhou. For more information, please visit http://www.grandpowerlogistics.com.

Forward-looking Information

Statements included in this press release that are not historical facts may be considered "forward-looking statements." All estimates and statements that describe the Company's objectives, goals or future plans are forward looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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