Commercial Consolidators Corp. Agrees To Terms On US$12 Million Credit Facility In Connection With American Way Cellular Acquisition.

Business Editors

TORONTO--(BUSINESS WIRE)--March 25, 2002

COMMERCIAL CONSOLIDATORS CORP. (CDNX:CCZ) (AMEX:ZCC) (Frankfurt:CJ9), is pleased to announce that further to our press release of January 22, 2002, Commercial Consolidators Corp. ("CCZ") has agreed to financing terms with the U.S. based financial institution for American Way Importing Corp., operating as American Way Cellular ("American Way"). The credit facility totaling $12 million is comprised of a $7 million operating line and a $5 million term loan, the combined purposes of which are to assume American Way's renegotiated $6 million term debt, with the balance used to reduce CCZ's current high yield debt, as well as for general working capital. Closing will coincide with the closing of the American Way acquisition, anticipated by April 30, 2002. The credit facility is subject to credit underwriting approval by the financial institution, and final approval of the Board of Directors of Commercial Consolidators.

"We are extremely pleased with the proposed financing terms," states Commercial Consolidators' Chief Executive Officer Mr. Guy Jarvis. "The combined credit facility will not only facilitate the acquisition of American Way which expands our presence into the rapidly growing Western U.S. wireless marketplace, but also enables Commercial Consolidators to refinance some of our existing short-term high yield debt."

About Commercial Consolidators Corp.

Commercial Consolidators Corp. is a diversified distributor of business technologies (cellular phones and accessories, and computer hardware, software and solutions) and consumer electronics to the Americas (North, South and Central). The Company's head office is located in Toronto, Ontario.

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" 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 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.