LAVAL, QC, April 12 /CNW Telbec/ - Mercator Transport Group Corporation ("Mercator Transport") (TSX-V: GMT) is proud to announce that following the creation of a joint venture targeting the East African market and the inauguration of an office in Kenya, it is moving ahead with the implementation of its development strategy in Africa, setting up a new office in Kampala, Uganda.
The operations of the Ugandan subsidiary will be closely related to those of its recently created Kenyan sister. Those two subsidiaries will thus create synergies, allowing Mercator Transport to provide services more efficiently to the continent's interior.
Created in the context of the Mercator East Africa Inc. joint venture, this new establishment allows Mercator Transport to become the sole Canadian logistics specialist present in Uganda.
Let us remind the reader that Mercator East Africa Inc., a joint venture in which Mercator Transport holds a majority interest and through which it teamed up with its African partners, was created in December 2009 for the purposes of developing the East African market.
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, Kenya and now Uganda, 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 may contain 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, including 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.
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.
SOURCE MERCATOR TRANSPORT GROUP CORPORATION
For further information: For further information: Mr. Patrick Bazinet, Director and Interim CFO, Investor relations, (450) 667-8886, firstname.lastname@example.org