Commercial Consolidators Corp. To Acquire U.S. Based International Wireless Company.

Business Editors

TORONTO--(BUSINESS WIRE)--March 30, 2000

COMMERCIAL CONSOLIDATORS CORP.(CDNX:CCZ) (FRANKFURT:CJ9) ("CCZ"), announces that it has entered into a definitive agreement to acquire a 100% interest in YAM International Communications Inc. ("YAM Wireless") a Florida based wireless company.

Founded in 1994, YAM Wireless is a global provider of wireless/cellular products focused in the United States, Latin America and Israel. YAM Wireless customers include leading international network operators and wireless equipment manufacturers. The company supplies strategic distribution channels that distribute on behalf of network operators such as Venezuala's largest analogue and digital carriers "Telecell Venezuala" and "MobileNet", as well as Israel's national carriers "Cellcom" and "Pele-Telephone". Wireless equipment manufacturer clients include Motorola, Nokia, Ericsson and Samsung.

YAM Wireless is expected to report net after-tax earnings of Cdn $1,650,000 (US $1,100,000) on sales of approximately Cdn $35,000,000 (US $23,000,000) for the year ending December 31, 1999 and has realized sales and earnings growth in excess of 100% per annum in recent years.

CCZ has agreed to pay a total of US $3.3 million in cash and issue 1.247 million common shares from treasury at a deemed price of $3.75 per share in consideration for 100% of the issued and outstanding shares of YAM Wireless, to its two owners Yossi Vanon and Shanni Sasson. CCZ has also agreed to enter into employment contracts with Messrs. Vanon and Sasson whereby CCZ will pay them a total of US $250,000 per year in fees and issue an aggregate of 450,000 stock options (with 150,000 vesting per year) at $3.75 per share, subject to YAM Wireless attaining mutually agreed upon financial performance targets.

YAM Wireless is implementing a comprehensive strategic plan to expand its presence as a dominant fulfillment house and supplier of wireless/cellular products within both the supply and demand chain of the wireless telecommunications industry. YAM Wireless helps network operators realize operational efficiencies by providing outsource solutions and assists wireless equipment manufacturers with inventory management, fulfillment, marketing support programs, accessory programs and repair and refurbishment services.

CCZ's Chief Executive Officer, Michael Weingarten, states "The YAM wireless acquisition provides CCZ with diversification into the fast growing wireless and cellular market sector, and enables CCZ to use YAM Wireless's established presence in the United States, Latin America and Israel to further penetrate such markets for its own business equipment, consumer electronics and construction technology product lines. Also, CCZ will be able to introduce new markets and complementary technologies and product lines to the YAM Wireless customer base through its existing exclusive relationships with multinational electronics companies such as Samsung, Sanyo and Phillips as well as its own proprietary General Vision product lines. Furthermore, CCZ will use the acquisition of YAM Wireless cellular and wireless expertise to further develop and expand its own Business-to-Business Internet e-commerce strategy throughout Latin America and elsewhere."

CCZ plans to acquire other synergistic companies to combine its own marketing and distribution infrastructure and capabilities with leading edge companies' technologies, products and services. The agreement is scheduled to close on or before May 31st, 2000, subject to completion of CCZ due diligence and regulatory approval.

ON BEHALF OF THE BOARD OF DIRECTORS "Michael Weingarten"

The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.