CALGARY, ALBERTA and HONG KONG, CHINA, Feb. 22, 2011 (Marketwire) --
Grand Power Logistics Group Inc. (TSX VENTURE:GPW) ( "Grand Power" or the "Company"), is pleased to announce that it has retained the services of Brisco Capital Partners Corp. ("Brisco") to provide investor relations ("IR") services, subject to regulatory approval. Brisco will initiate and maintain contact with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. Brisco takes a full service approach to investor relations and provides creative, effective results-driven investor relations programs for Canadian public companies.
The IR agreement ("Agreement") is effective March 1, 2011. The term of the Agreement is for an initial period of 12 months. The Agreement may be renewed upon mutual agreement. In addition to a fee equal to $7,500 per month, plus applicable taxes, the Corporation has granted the principals of Brisco an option to purchase an aggregate total of 200,000 Common Shares of the Corporation at a purchase price of $0.25 per share, which option shall be vested at the rate of 25% per quarter with the vesting dates being May 31, 2011, August 31, 2011, November 30, 2011 and February 29, 2012.
"At Brisco we are constantly looking for ways to participate in the massive growth potential China represents. GPW represents welcome growth opportunities in both the massive domestic logistics markets and a carried interest in what could be the largest sea port in China. Chinese officials have been quoted to say "they intend for Shanghai to be the largest trans-shipping port in the world."" says Scott Koyich
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 and Guangzhou. GP Express also operates in other regions through Subsidiaries and Branch Offices or Supporting Offices in Shanghai, Beijing, Tianjin and Xiamen. For more information visit www.grandpowerlogistics.com.
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.
Grand Power Logistics
403 237 8211
Brisco Capital Partners
Brisco Capital Partners