LAVAL, QC, May 10 /CNW Telbec/ - Mercator Transport Group Corporation ("Mercator Transport") (TSX-V: GMT) is pleased to announce it is consolidating its development in East Africa with the inauguration of a new office in Lusaka, Zambia.
By inaugurating this new Zambian subsidiary, Mercator Transport (Zambia) Limited, Mercator Transport completes its initial Mercator East Africa inc. joint venture development strategy. As previously announced December 14, 2009, Mercator East Africa inc. is a joint venture created by Mercator Transport, with African partners holding minority interest, for the purpose of developing the East African market.
This new establishment will allow Mercator Transport to serve, amongst others, the mining sector of Zambia, an important copper exporting country.
"We are proud to have crossed an important barrier to entry into East Africa. The inauguration of new places of business in Kenya, Tanzania, Uganda, and now Zambia, has been made possible thanks to the implementation of our strategic alliance with African partners on the field. This has allowed Mercator Transport to gain a local presence in the promising market that is East Africa", declared 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, Kenya, Tanzania, Uganda and now Zambia, 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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