LAVAL, QC, Sept. 2 /CNW Telbec/ - Mercator Transport Group Corporation
("Mercator Transport") (TSX-V: GMT) announces the conclusion of a business
leasing-management agreement with the French corporation S.A.S. Trans Orient
Services ("Trans Orient").
As a reminder, Mercator Transport announced, on June 23, 2009, the
acquisition of Trans Orient, which has been delayed due to filing of an appeal
procedure against the French court decision ratifying the transaction. As of
this day, the appeal has not yet been heard.
More specifically, this leasing-management agreement will allow Mercator
Transport France Inc., wholly owned subsidiary of Mercator Transport, to run
the international transport brokerage operations of Trans Orient as
lessee-manager of the business.
Under the agreement, Mercator Transport benefits from revenues and
assumes costs and expenses of the leased business. Mercator Transport will
notably take charge of Trans Orient offices and employees. In return, Mercator
Transport is to pay quarterly royalties of 10,000 euros (CAD$15,600) to Trans
Located in Lyon, France, Trans Orient is a French corporation specialized
in international transport brokerage, prioritizing ocean and air transport.
About Mercator Transport
Mercator Transport specializes in transport brokerage, international
logistics and distribution. With offices in Montreal (Canada), Las Vegas (USA)
and Lyon (France), Mercator Transport offers 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'
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.
For further information:
For further information: Mr. Patrick Bazinet, Director, Investor
relations, (450) 667-8886, firstname.lastname@example.org