GRAND POWER ANNOUNCES BOARD CHANGE
CALGARY, and HONG KONG, Nov. 26 /CNW/ - Grand Power Logistics Group Inc. (TSXV: GPW), a leading international logistics provider based in Hong Kong and with operations in China, announced that Kim Oishi has resigned from the Company's board of directors effective today to pursue other business opportunities. Mr. Oishi had served as independent director and member of the Company's audit committee since December, 2007.
"We would like to thank Kim for his support and valuable contributions to Grand Power over the past several years, particularly with respect to our successful restructuring and the recent planning for our Yangshan Logistics Park project in Shanghai's deep-sea port," said Mr. Ricky Chiu, President and CEO of Grand Power Logistics Group Inc. "We also like to wish Kim the best of success in his new business venture."
Grand Power will initiate a search for a director to complement its existing board.
About Grand Power Logistics Group Inc.
Grand Power Logistics Group Inc. operates principally through its wholly owned Hong Kong based subsidiary, Grand Power Express International Limited (GP Express) and provides air-freight forwarding and sea-freight services, customs brokerage, logistics, warehousing and distribution, as well as other value added services. GP Express has established operations in various regions, particularly in the Greater Pearl River Delta (GPRD), China's largest economic region. GP Express' Subsidiaries or Branch Offices in this region are located in Macau, Shenzhen, Guangzhou and Jiangmen. GP Express also operates in other regions through Subsidiaries and Branch Offices or Supporting Offices in Shanghai, Taipei, Bangkok and Los Angeles. For more information visit www.grandpowerlogistics.com or http://grandpowerlogistics.posterous.com
Forward-looking Information
Statements included in this press release that are not historical facts may be considered "forward looking statements". All estimates and statements that describe the Company's objectives, goals or future plans are forward looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.
Neither TSX Venture Exchange nor its Regulation 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:
Grand Power Alan Chan, CFO 403 237 8211 [email protected] |
Equicom Joe Racanelli 416 815 0700 ext. 243 [email protected] |
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