Grand Power Logistics Group Inc.
TSX VENTURE : GPW

Grand Power Logistics Group Inc.

April 29, 2008 11:37 ET

Grand Power Signs Charter Service Agreement to Operate World Airway Flights

CALGARY, ALBERTA AND HONG KONG, CHINA--(Marketwire - April 29, 2008) - Grand Power Logistics Group Inc. (the "Corporation") (TSX VENTURE:GPW) is pleased to announce that due to high demand, its wholly owned Hong Kong based subsidiary, Grand Power Express International Limited (GP Express), has signed a charter service agreement with Lufthansa Cargo Charter, the handling agent for World Airways Inc. in Hong Kong.

The charter service agreement covers World Airways Inc.'s 16 flights from Hong Kong to Los Angeles from May 3rd to July 7th, 2008. The Boeing 747-440F aircraft has a maximum of 100 tons or 682 cbm's capacity with 1 stop. Under the charter service agreement GP Express will share the space equally with another major international air freight company. Items for export will include high value, time sensitive goods. Charter flights to the United States represent the growing expansion of Grand Power's strategy to increase margins in its air freight business.

Mr. Ricky Chiu, President and CEO of Grand Power Logistics Group, said "Until now, Grand Power has only leased 4 other chartered 747 flights in the company's history, so this is a big step in developing our core competencies by using our strong relationships with the airlines to increase our competitive advantages." He added "As the other company sharing space with us is one of the top international players in the field, it shows that we are not only able to compete with the biggest of companies, but that we are expanding both our traditional co-loading business as well as direct sales revenue strongly enough to justify charter flights, which provide us with higher profits."

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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