Commercial Consolidators Reports Three Month Earnings Up 59%.

Business Editors

TORONTO--(BUSINESS WIRE)--July 25, 2001

Commercial Consolidators Corp. (CDNX:CCZ.) (FRANKFURT:CJ9.) (the "Company") is a diversified distributor of business technologies and consumer electronics to the Americas (North, South and Central).

Sales revenue increased 44% to $34.1 million for the three months ended May 31, 2001 from $23.8 million for the three months ended May 31, 2000. Net after tax earnings for the three months increased 60% to $2.08 million, or $0.12 per share, from $1.30 million, or $0.09 per share, for the same period last year.

The Company's financial results are summarized in the following table:

                             Three months ended    Three months ended
                                May 31, 2001          May 31, 2000
                                          (in thousands)
---------------------------------------------------------------------

Sales                            $34,148                $23,821

Cost of sales                     27,234                 20,033

Gross Profit                       6,914                  3,787
Gross Margin                       20.1%                  15.9%

Expenses                           3,975                  2,130
Income - before foreign
exchange, income taxes, and        2,939                  1,657
amortization

Income Margin                       8.6%                   7.0%

Net income                        $2,075                 $1,306

Net earnings per share (basic)     $0.12                  $0.09

The increases in sales and earnings for the quarter were driven by continued growth in our Wireless Products Division as well as by the continued integration of our recent acquisition for our Computer Products Division.

Profit margins remained strong throughout the quarter and have grown significantly compared with the first quarter of last year. This is due to the strategic diversification of the Company's product lines into higher margin value-added products.

"We are pleased with our overall performance during the first quarter," states Commercial Consolidators Corp.'s Chief Executive Officer, Mr. Guy Jarvis. "Our first quarter results reflect the Company's continued growth as well as our commitment to stringent cost management."

ABOUT COMMERCIAL CONSOLIDATORS CORP.

Commercial Consolidators Corp. is a diversified distributor of business technologies (cellular phones and accessories, computer systems and components and proprietary software) and consumer electronics to the Americas (North, South and Central). The Company has aggressively pursued strategic acquisitions, satisfying management's primary objectives, namely:

1. Focus on converging communication delivery devices, namely:

televisions, computers, wireless products and proprietary

software;

2. Leverage existing supply chain relationships from our

expanding revenue base, to facilitate new distribution

channels throughout the Americas;

3. Via acquisitions, provide turnkey solutions to our target

customers through the selective expansion of complimentary

product and service offerings; and

4. Alter our sales mix to focus on higher margin products, while

maintaining an enviable standard of customer service and order

fulfillment.

For further information, please contact investor relations at 1-800-968-1727; or visit the Company's website at www.commercialconsolidator.com.

ON BEHALF OF THE BOARD OF DIRECTORS GUY JARVIS, Chief Executive Officer

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