MERCATOR TRANSPORT ANNOUNCES 2010-2011 FIRST QUARTER RESULTS: 171% GROWTH IN
REVENUE

LAVAL, QC, Sept. 30 /CNW Telbec/ - Mercator Transport Group Corporation ("Mercator Transport") (TSX VENTURE: GMT), announces its financial results for the three-month period ended July 31, 2010.

    
    Financial Highlights
    Selected Consolidated Results

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    (in thousands of Canadian
     dollars, amounts per
     share excepted)               Q1 2010-2011  Q1 2009-2010  Q4 2009-2010
    -------------------------------------------------------------------------
    Revenue                              11,699         4,322        11,991
    -------------------------------------------------------------------------
    EBITDA(1)                                52            20            56
    -------------------------------------------------------------------------
    Net Profit (Net Loss)                    48           (20)           95
    -------------------------------------------------------------------------
    Net Profit (Net Loss) per share       0.002        (0.001)        0.003
    -------------------------------------------------------------------------
    

Mercator Transport's revenue reached $11,699,000 for the first quarter of 2010-2011, an increase of $7,377,000 or 171% compared to $4,322,000 for the same period last year. This increase is accounted for by the new revenue generated by the integration of the French corporation SAS Trans Orient Services to Mercator Transport, as well as the new activities of Mercator Transport in Ghana and in East Africa, all of which started after the first quarter of 2009-2010.

The first quarter of 2010-2011 is characterized by a strong hike in revenue compared to the first quarter of the previous year, as well as by an increase in costs, accounted for by continuous investments made to ensure the integration of the new places of business to the activities of the Corporation, including those made in the human resources sector.

Mercator Transport posts EBITDA(1) of $52,000 and a net profit of $48,000 ($0.002 per share) in the first quarter of 2010-2011, compared to EBITDA(1) of $20,000 and a net loss of $20,000 ($0.001 loss per share) for the same period a year earlier.

"The sums invested to realize the integration of the new places of business in Africa and in France allow the Corporation to generate over $11.5 million in quarterly revenue for a second consecutive quarter, a considerable increase from last year," said Jean-Pierre Apélian, President and CEO.

For further information, please refer to Mercator Transport's management discussion and analysis and quarterly unaudited financial statements, available at www.sedar.com.

About Mercator Transport

Mercator Transport specializes in freight forwarding, international logistics and distribution. Based in Montreal (Canada), with offices in the United States, France, Ghana, Kenya, Uganda, Tanzania and 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.

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.

    
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    (1) Non-GAAP measure, as defined in Mercator Transport's MD&A.
    

%SEDAR: 00020866EF

For further information: Mr. Patrick Bazinet, Director and Interim CFO, Investor relations, [phone], [email protected]