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TWST: What is Grand Power Logistics Group?
Mr. Chan: Grand Power Logistics Group is a public company listed on the TSX
Venture Exchange in Canada. It's a logistics company. We went public back in
November 2004 by doing an IPO. Concurrently at the closing of the IPO, Grand
Power Logistics Group Inc. acquired a Hong Kong company, Grand Power Express
International Limited. Hong Kong is a logistics company providing the air cargo
services, along with other logistic services. Our main operation of Grand Power
Logistics Group is through its subsidiary based in Hong Kong, Grand Power
Express International, which was established back in 2000. However, Grand Power
Express International only started business in 2002
In 2002, we had around C$7 million revenue. In 2003, the revenue went up around
$18 million, and then in 2004, the revenue increased to $29 million. In 2005,
the revenue went up to around $40 million. Grand Power Express International is
based in Hong Kong. However, Grand Power Express International has a number of
affiliate offices throughout Asia, such as in Macau, Bangkok and Taiwan. At the
beginning of this year, Grand Power acquired another company based in Macau, and
this company in Macau has a CEPA license to allow Grand Power to expand into
China. As a result of this acquisition, Grand Power now has an operating office
in Shanghai. Through this office, we are expanding to other cities in China. TWST: What has been the financing history to date? As you look at your agenda
for the 12 to 24 months, will you need more funding?
Mr. Chan: Yes. The company will be looking for additional capital, and our
business is really based on the amount of capital we have. For every $1 of the
capital, we can generate around $6 to $7 revenue, and because of the license
that we have to expand into China, we like to expand our business and therefore,
we are looking for additional capital. Right now, we are talking to one
investment banker about doing C$6 million financing. We hope to complete this
financing sometime this fall, and that would allow us to expand our operation,
both in the Asia, also hopefully into North America and Europe.
Tickers included in this excerpt: GPW:TSX.V
For more information call (212) 952 7433. The
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not make stock recommendations.
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