Mercator Transport Group Corporation Announces a 66% Increase in Revenues in the second quarter



    LAVAL, QC, Nov. 30 /CNW Telbec/ - Mercator Transport Group Corporation
("Mercator") (TSX Venture: GMT), announces its financial results for the
three-month period ended October 31, 2007.

    
    Financial Highlights
    Selected Consolidated Results

    -------------------------------------------------------------------------
    (in thousands of                         Q2 2008     Q2 2007     Q1 2008
     Canadian dollars)
    -------------------------------------------------------------------------
    Revenue                                    4,007       2,414       3,719
    -------------------------------------------------------------------------
    Gross Profit                                 408         286         437
    -------------------------------------------------------------------------
    EBITDA                                       (84)        (33)        (99)
    -------------------------------------------------------------------------
    Net Profit (Net Loss)                        (74)        (36)        (84)
    -------------------------------------------------------------------------
    

    As part of the Company's sustained growth, revenues increased by
$1,593,000 or 66%, to $4,007,000 during the second quarter, compared to
$2,414,000 for the same period in 2006. The gross profit margin was 10.2%
during the second quarter, compared to 11.8% for the same period in 2006.
    During the second quarter ended October 31, 2007, the Company's revenues
increased by $288,000, or 7.7%, compared to the three-month period ended
July 31, 2007. In the three-month period ended October 31, 2007, the gross
profit margin was 10.2% compared to 11.8% for the three-month period ended
July 31, 2007.
    The decrease in the gross profit margin is mainly the result of increased
revenues related to import activities, which in general, have lower gross
profit margin than export activities.
    During the last quarter, the shareholders' equity of the Company have
decreased of $115,000, going from $920,000 to $805,000. This decrease is
notably due to the investments of the Company in human resources to assure the
growth of the incomes of the Company, as foreseen in the strategic planning of
the Company.
    During the second quarter, the Company showed net operating losses of
$74,000 compared to net operating losses of $36,000 in 2006. The net loss is
primarily due to the increase of the Canadian dollar ($23,000), the increase
in consulting fees with our legal advisors ($32,000) and an amount of $19,000
was charged as stock-based compensation cost.

    About Mercator

    Mercator specializes in freight forwarding and international logistics.
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: Alexandre Jarry, Director, (450) 667-8886

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MERCATOR TRANSPORT GROUP CORPORATION

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