Commercial Consolidators Announces Private Placement Purchase.Business Editors TORONTO--(BUSINESS WIRE)--May 2, 2002 Commercial Consolidators Corp. (the "Company") (AMEX AMEX See: American Stock Exchange :ZCC ZCC Zero Core Contribution ZCC zone of calcified cartilage ZCC Zone Compliance Coordinator (State Farm Insurance) ) (Frankfurt:CJ9) announces that it has completed a private placement with Michael Weingarten, the Chairman of the Company, wherein Mr. Weingarten has acquired 1,000,000 units at a price of US$0.63 per unit, each unit comprised of one common share and one-half of a share purchase warrant, with each whole warrant entitling the holder to acquire a further common share at a price of US$0.69 for a term of five years. Closing of the private placement remains subject to approval of the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . About Commercial Consolidators Corp. Commercial Consolidators Corp. is a diversified distributor of business technologies (cellular phones and accessories, and computer hardware and software) and consumer electronics to the Americas (North, South and Central). The Company's head office is located in Toronto, Ontario. For further information, please contact investor relations Investor relations The process by which the corporation communicates with its investors. at 1-800-968-1727; or visit the Company's website at http://www.commercialconsolidator.com. Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts, are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. |
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