Mercator Transport Group Corporation announces record high revenues for the first quarter of 2009 up 83% from the same quarter in 2008 and reports its first profitable quarter



    LAVAL, QC, Sept. 2 /CNW Telbec/ - Mercator Transport Group Corporation
("Mercator") (TSX VENTURE: GMT), announces its financial results for the
three-month period ended July 31, 2008.

    Financial Highlights
    Selected Consolidated Results
    
    -------------------------------------------------------------------------
    (in thousands of               Q1 2009          Q1 2008          Q4 2008
     Canadian dollars)
    -------------------------------------------------------------------------
    Revenue                          6,820            3,719            4,802
    -------------------------------------------------------------------------
    Gross Profit                       795              437              574
    -------------------------------------------------------------------------
    EBITDA                              78              (99)             (41)
    -------------------------------------------------------------------------
    Net Profit (Net Loss)               26              (84)             (60)
    -------------------------------------------------------------------------
    

    In the first quarter of 2009, sales grew by 83% or $ 3,101,000 to
$ 6,820,000, compared with $ 3,719,000 in 2008. This increase in revenues
allowed the Company to reach profitability for the first time since its
introduction on the TSX Venture. As such, the Company made a net profit of
$ 26,000 or $ 0.001 per share for the three-month period ended July 31, 2008
compared to a net loss of $ 84,000 or $ 0.003 per share for the three-month
period ended July 31, 2007.
    The Company generated an EBITDA amounting to $78,000 for the first
quarter of 2009 in comparison to a loss of $99,000 for the same period in
2008. This significant positive change in EBITDA is mainly the result of
increased sales volume through organic growth.
    "We delivered solid results in the first quarter of 2009," said
Jean-Pierre Apélian, President and Chief Executive Officer of Mercator. "The
revenues in most of our activities are up compared to last year and we are
pleased to announce our first profitable profit".

    For further information, please refer to Mercator's management discussion
and analysis and the quarterly unaudited financial statements, available on
Sedar.com.

    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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