Mercator Transport Increases Revenue by 70% in 2009



    LAVAL, QC, Aug. 10 /CNW Telbec/ - Mercator Transport Group Corporation
("Mercator Transport") (TSX VENTURE: GMT), announces its financial results for
the year ended April 30, 2009.

    
    Financial Highlights
    Selected Consolidated Results (audited)

    -------------------------------------------------------------------------
    (in thousands of                  April 30, 2009         April 30, 2008
     Canadian dollars)
    -------------------------------------------------------------------------
    Revenue                                   28,185                 16,549
    -------------------------------------------------------------------------
    Gross Profit                               3,711                  1,900
    -------------------------------------------------------------------------
    EBITDA(1)                                    558                   (436)
    -------------------------------------------------------------------------
    Net Profit (Net Loss)                        224                   (407)
    -------------------------------------------------------------------------
    Net Profit (Net Loss) basic
     per share                                 0.008                 (0.015)
    -------------------------------------------------------------------------
    

    For a third consecutive year, Mercator Transport revenue significantly
increased, reaching $28,185,000 in 2009, a growth of $11,635,000 (70 %)
compared to 2008. This strong development is essentially the result of organic
growth in sales in the logistics sector of Mercator Transport, mainly achieved
through Mercator Industrial Projects, its new subsidiary providing air
chartering services.
    Gross margin significantly increased to reach 13.2% for the year,
compared to 11.5 % in 2008. This increase mainly results from the
implementation of a new operational strategy designed to optimize purchasing.
This increase was also affected by the appreciation of the US dollar and Euro,
as well as by decreasing transport and oil costs.
    Mercator Transport generated an EBITDA(1) (earnings before interest,
taxes on benefits and amortization) of $558,000 in 2009, compared to
$(436,000) in 2008, a hike of nearly $1,000,000. This increase is mainly the
result of the increase in sales reported above, however offset by an increase
in operating expenses, an outgrowth of Mercator Transport's ongoing investment
in strengthening its team.
    Free cashflow(1) (cash flow from operations excluding net capital asset
acquisitions and intangibles assets) progressed by $625,000, reaching $551,000
compared to $(74,000) in 2008.
    Shareholders' equity reached $1,230,000 as at April 30, 2009, compared to
$887,000 as at April 30, 2008. This 38.7% increase is mainly attributable to
net profit, but also to stock option grants as well as the issuance of shares.
    "Our performance is the outgrowth of the smoothness with which Mercator
Transport's traditional activities are evolving. It is also the result of
healthy organic growth and of the increase in our offer of services, notably
materializing through our recent chartering of six 747 cargo planes to Africa
under the auspices of our new subsidiary, Mercator Industrial Projects." said
Jean-Pierre Apélian, President and CEO of Mercator.

    For further information, please refer to the MD&A and annual audited
financial statements available on SEDAR at www.sedar.com.

    
    -------------------------------------------
    (1) Non-GAAP measure, as defined in our MD&A.

    About Mercator Transport
    

    Mercator Transport specializes in transport brokerage, international
logistics and distribution. With offices in Montreal (Canada) and Las Vegas
(USA), Mercator Transport offers value-added services in global supply chain
management, and designs tailor-made solutions. Customer intimacy and
commitment differentiates Mercator Transport in its ability to implement
customers' requirements.

    
    Neither TSX Venture Exchange nor its Regulatory Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    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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