LAVAL, QC, March 15 /CNW Telbec/ - Mercator Transport Group Corporation ("Mercator Transport") (TSX-V: GMT) is pleased to announce that development in Africa continues with the inauguration of a new office in the port of Mombasa, Kenya.
The creation of this new Kenyan subsidiary, named Mercator Transport Kenya Limited, is made within Mercator East Africa inc., a joint venture created, as previously announced, by Mercator Transport and African partners holding minority interest for the purpose of developing the East African market.
This new establishment will strengthen Mercator Transport's presence and activities in marine, air and road transportation, notably in the mining sector.
Mercator Transport also announces it will now offer a service of liner shipping representation. This new service consists of representing liner shipping companies locally and overseeing port operations as well as delivering containers locally and to landlocked territories.
"Creating a subsidiary in Kenya, made possible by our strategic alliance with African partners, allows Mercator Transport to enjoy a local presence in the promising market that is East Africa", said Jean-Pierre Apélian, President and CEO.
About Mercator Transport
Mercator Transport specializes in transport brokerage, international logistics and distribution. Based in Montreal (Canada), with offices in the United States, France, Ghana and now Kenya, 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.
This press release contains forward-looking statements. Words such as "can," "have," "should," "anticipate," "believe," "project," "estimate," "plan," "continue" or similar expressions are intended to identify forward-looking statements. These forward-looking statements, by their nature, are not guarantees of Mercator Transport's future operating or financial performance and are subject to risks and uncertainties that could cause actual results to differ materially from those projected in such statements. Factors that could cause actual results to differ materially from those contemplated in forward-looking statements include risks associated with economic conditions, political situation, foreign exchange rates as well as risks associated with the business environment, and operational risk of Mercator Transport and its subsidiaries. Given the analyses and uncertainties, actual events may differ materially from current expectations. Mercator Transport disclaims any intention or undertaking to update or revise any forward-looking statements, even as a result of future events or otherwise, except as required by applicable law.
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SOURCE MERCATOR TRANSPORT GROUP CORPORATION
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