Early Warning Press Release in accordance with NI

VANCOUVER, British Columbia, April 12, 2017 (GLOBE NEWSWIRE) -- On April 11, 2017, pursuant to a share for debt transaction carried out by eShippers Management Ltd. (the "Corporation"), Mr. Glenn Olnick of 2122 Indian Fort Drive, Surrey, B.C., acquired ownership of 513,790 common shares of the Corporation at a price of $0.12 per common share. The common shares of the Corporation are listed on the NEX under the trading symbol "EPX.H".

Prior to giving effect to the foregoing acquisition of common shares, Mr. Olnick owned 945,323 common shares of the Corporation (or approximately 18.34% of the issued and outstanding Common Shares (non-diluted)).  Due to the Corporation’s recently completed private placement and shares for debt transaction, the Mr. Olnick’s position was diluted. Mr. Olnick now owns or controls 1,459,100 common shares (or approximately 10.38% of the issued and outstanding common shares (non-diluted)).

In the future, Mr. Olnick may acquire additional securities of the Corporation, dispose of some or all of the securities he now owns or controls, or may continue to hold his current position. 

For further information or to receive a copy of the early warning report filed by Mr. Olnick with securities regulatory authorities in Canada in connection with this press release, please contact Leah Hodges at (604) 377-0403.