TORONTO, Jan. 9 /PRNewswire-FirstCall/ -- TSX:WPO: World Point Terminals Inc. (the "Company") today announced that it has appointed Mr. Gary R. Parker to its board of directors. Mr. Parker is a principal of GP&W, Inc., which operates as Center Oil Company, a wholesale marketer of petroleum products, and holds approximately 9.24% of the common shares of World Point. Mr. Parker is also a principal of several petroleum storage companies, including Center Terminal Company - Baltimore, which sold a terminal in Baltimore, Maryland to the Company on December 9, 2005 and Center Terminal Company - Newark, which sold a 51% interest in a terminal in Newark, New Jersey to the Company on December 30, 2005.
Mr. Parker is replacing Mr. Bruce N. Calvin who retired as a director of World Point in November 2005
About World Point Terminals Inc.
World Point Terminals Inc. and its subsidiaries own and operate over 21 million barrels of liquid bulk storage and terminal facilities located in North America, Europe and the Bahamas. These facilities store, blend and transship petroleum and other liquid products as an integral part of the wholesale distribution system. Through a joint venture, the Company also operates a fleet of tugboats around Grand Bahama Island in the Bahamas.
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