Mercator Transport Group Corporation Announces a 46% Increase in Revenues in the third quarter



    LAVAL, QC, March 17 /CNW Telbec/ - Mercator Transport Group Corporation
("Mercator") (TSX Venture: GMT), announces its financial resuts for the
three-month period ended January 31, 2008.

    
    Financial Highlights
    Selected Consolidated Results

    -------------------------------------------------------------------------
    (in thousands of
     Canadian dollars)                       Q3 2008     Q3 2007     Q2 2008
    -------------------------------------------------------------------------
    Revenue                                    4,021       2,760       4,007
    -------------------------------------------------------------------------
    Gross Profit                                 481         326         408
    -------------------------------------------------------------------------
    EBITDA                                      (202)        (64)        (84)
    -------------------------------------------------------------------------
    Net Profit (Net Loss)                       (189)        (73)        (74)
    -------------------------------------------------------------------------
    

    As part of the Company's sustained growth, revenues increased by
$1,261,000 or 46 %, to $4,021,000, compared to $2,760,000 for the same period
in 2007. From the $4,021,000 total revenues, $758,000 relates to the new
distribution division, a division that was created through the acquisition of
the assets of Cap Canada Inc. announced on December 28, 2007. The gross profit
margin was 12 % during the third quarter, compared to 11.8% for the same
period in 2007.
    During the third quarter ended January 31, 2008, the Company's revenues
slightly increased compared to the three-month period ended October 31, 2007.
The gross margin increase of 17.6% during the third quarter, 12%, compared to
the second quarter, 10.2%, mainly results from the improvement of the
purchasing negotiation process and the terms and conditions of our main
suppliers.
    The net operating loss for the third quarter amounting to $ 189,000 is
primarily the result of the increase of $ 181,000 in salaries and fringe
benefits of the Company compared to the same period in 2007, resulting from
the increase in the number of employees required to maintain the Company's
growth.

    About Mercator

    Mercator specializes in freight forwarding, international logistics and
distribution. Mercator offers high value-added services in global supply chain
management, and designs tailor-made solutions. Customer intimacy and
commitment differentiates Mercator in its ability to implement customers'
requirements.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.
    %SEDAR: 00020866EF




For further information:

For further information: Mr. Patrick Bazinet, Director, Investor
relations, (450) 667-8886, investisseur@corpgmt.com

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MERCATOR TRANSPORT GROUP CORPORATION

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