Mercator Transport Group Corporation Announces a 95% Increase in Revenues in the first quarter



    LAVAL, QC, Sept. 24 /CNW Telbec/ - Mercator Transport Group Corporation
("Mercator") (TSX Venture: GMT), announces its financial results for the
three-month period ended July 31, 2007.

    Financial Highlights
    Selected Consolidated Results

    
    -------------------------------------------------------------------------
    (in thousands of Canadian dollars)       Q1 2008    Q1 2007    Q4 2007
    -------------------------------------------------------------------------
    Revenue                                    3,719      1,905      2,879
    -------------------------------------------------------------------------
    Gross Profit                                 437        236        336
    -------------------------------------------------------------------------
    EBITDA                                       (99)        74       (221)
    -------------------------------------------------------------------------
    Net Profit (Net Loss)                        (84)        50       (107)
    -------------------------------------------------------------------------
    

    As part of the Company's sustained growth, revenue increased by
$ 1,814,000 or 95 %, to $3,719,000 during the first quarter of 2007, compared
to $1,905,000 for the same period in 2006. The gross profit margin was 11.8 %
during the first quarter, compared to 12.4 % for the same period in 2006.
    During the first quarter ended July 31, 2007, the Company's revenues
increased by $840,000, or 29 %, compared to the three-month period ended April
30, 2007. In the three-month period ended July 31, 2007, the gross profit
margin remain stable at 11.8% compared to 11.7% for the three-month period
ended April 30, 2007.
    During the first quarter, the Company showed net operating losses of
$84,000 compared to a net profit of $50,000 in 2006. The net loss is primarily
due to the hiring of new employees (operational) to train tomorrow's managers
and the increase in consulting fees with our legal advisors ($40,000), the
foreign exchange loss ($27,000) and an amount of $19,000 was charged as
stock-based compensation cost.
    "The first quarter results are in line with the Company's strategic
growth. The increase in revenues, i.e. 95% increase, demonstrate our growth
strategy" mentioned Jean-Pierre Apélian, Mercator's Chief Executive Officer.

    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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