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Grand Power Logistics Group Inc.

04:03 PM EST - Grand Power Logistics Group Inc. : reported a first-quarter net loss of $600,000 or $0.015 per share, compared to a net income of $10,000, or breakeven per share in the year-ago quarter. Consolidated revenues were $15.5 million, down 39.1% from $25.4 million for corresponding period of 2009. Grand Power Logistics Group Inc. shares V.GPW are trading up $0.005 at $0.17.