MERCATOR TRANSPORT ANNOUNCES RESULTS FOR THE 2009-2010 FINANCIAL YEAR

LAVAL, QC, Aug. 25 /CNW Telbec/ - Mercator Transport Group Corporation ("Mercator Transport") (TSX-V: GMT), announces its financial results for the financial year ended April 30, 2010.

    
    Financial Highlights
    Selected Consolidated Results (audited)

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    (in thousands of Canadian dollars, amounts      2009-2010      2008-2009
     per share excepted)
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    Revenue                                            32,536         28,190
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    EBITDA(1)                                             258            558
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    Net Profit                                             96            224
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    Net Profit, basic per share                         0.003          0.008
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Mercator Transport's revenue increased for a fourth consecutive year, reaching $32,536,000, a 15.4% increase compared to the previous financial year. This increase in annual revenue is attributable to new revenue generated by the integration, since the beginning of the second quarter of 2010, of the French corporation S.A.S. Trans Orient Services to Mercator Transport, as well as the Corporation's new activities in Ghana and East Africa, which started in the third quarter of 2010.

Mercator Transport incurred $306,000 losses during the year stemming from the start-up of new activities in Africa and France, including $150,000 recorded as non-recurring start-up fees as well as operating losses of the first months of operation. Losses related to the start-up of new activities contributed to the decrease in net earnings, which stand at $96,000 ($0.003 per share) in 2009-2010, compared to $224,000 ($0.008 per share) reported for the previous financial year.

As at April 30, 2010, Mercator Transport had cash and cash equivalents of $641,000 ($988,000 as at April 30, 2009) and total assets of $9,039,000 ($4,532,000 as at April 30, 2009), an increase which is mainly accounted for by the integration of S.A.S. Trans Orient Services.

Shareholders' equity reached $1,450,000 as at April 30, 2010, compared to $1,230,000 as at April 30, 2009, an increase mainly attributable to the issuance of shares and stock options granted during the financial year as well as net earnings.

"Mercator Transport's places of business in France and in Africa, created in the context of our development strategy, generate new revenue, allowing us to achieve 15% growth in 2009-2010, which is significant considering the context of international crisis suffered during the first month of the financial year," declared Mr. Jean-Pierre Apélian, President and CEO.

For further information, please consult management's discussion and analysis and annual audited financial statements of Mercator Transport, available on SEDAR at www.sedar.com.

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 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 our MD&A.
    

%SEDAR: 00020866E

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