CALGARY and HONG KONG, CHINA, Jan. 11 /CNW/ - Grand Power Logistics Group Inc. (TSX-V: GPW), a leading China-based international logistics provider, today announced that it has retained The Equicom Group Inc. ("Equicom") to provide strategic investor relations and financial communications services for the Company.
Under the terms of the agreement, Grand Power will pay Equicom a monthly retainer fee of $5,000 for select strategic communications services. Upon completion of certain milestones, Grand Power's monthly retainer fee will be $6,500. The initial contract term is 12 months and commences immediately.
Neither Equicom nor any of its principals have an ownership interest, directly or indirectly, in Grand Power or its securities, and Grand Power has not granted Equicom or its principals any right to acquire such an interest.
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.
About Equicom Group
Equicom, a wholly-owned subsidiary of TMX Group Inc., is a leading Canadian provider of investor relations and strategic corporate communications services. With proven expertise in developing and executing highly effective strategic communications programs, and an extensive network of investment community contacts, Equicom specializes in helping clients achieve their capital markets objectives. Equicom offers a comprehensive suite of services including: investor relations, media relations, annual report production, multimedia and web design, web casting, live event management and corporate branding. Equicom is headquartered in Toronto, with offices in Montreal and Calgary. For further information, please visit www.equicomgroup.com or follow Equicom on Twitter at http://twitter.com/Equicom
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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE GRAND POWER LOGISTICS GROUP INC.
For further information: For further information: Grand Power, Alan Chan, CFO, (403) 237-8211, email@example.com; Sean Webster, Senior Vice President, (403) 237-8211 or (852) 3104-3008, firstname.lastname@example.org; Equicom, Joe Racanelli, (416) 815-0700 ext. 243, jracanellI@equicomgroup.com