Commercial Consolidators Corporation Closes Acquisition of Property Management System Software Developer Desig Inc

Business Wire, July 13, 2000

Business Editors

TORONTO--(BUSINESS WIRE)--July 13, 2000

Commercial Consolidators Corp. (CDNX:CCZ.) announces it has formally closed its acquisition of Desig Inc. ("Desig"), a Montreal-based software developer and information technology company which targets the hospitality sector. The purchase price was 3.1 million common shares of the Company at a deemed price of $3.75 per share of which 1 million shares are subject to a performance based escrow agreement. Key management of Desig has concurrently entered into three-year management agreements with the Company. Desig will operate as a wholly owned subsidiary of Commercial Consolidators Corp.

"Our acquisition of Desig will allow Commercial Consolidators to penetrate new markets and access over 700 global locations serviced by Desig," stated Michael Weingarten, CEO of Commercial Consolidators Corp. "Desig will be making a solid contribution to our overall revenues and profits, and is an excellent fit with our other business operations," he added.

Traditionally, small to medium-sized hotel operators (properties with 20 - 200 rooms) are unable to match the technological investment of large-sized hotels in property management. By providing application service provider ("ASP") software solutions and a pioneering portal hotel management system, Desig puts all properties on a level playing field. Today, small and medium-sized hotel operators can use a leading edge property management system on an economical per-use basis without incurring the cost of purchasing, managing and upgrading in-house solutions.

The U.S. hospitality market spends approximately $3 billion on information technology ("IT") support according to the American Hotel & Motel Association. Desig is the only Canadian company to provide scaleable, online property management services and is one of only a few in North America currently offering this technology to the market place. Desig has a 42 per cent market share in Eastern Canada and has been ranked as providing one of the top 10 hospitality solutions by Specialty Magazine. Desig has also achieved in excess 35 per cent earnings growth over the past year.

About Desig

Desig is a leading worldwide developer and provider of Property Management Systems ("PMS") for hotels and resorts of all sizes, including hotel chains such as Delta Hotels, Best Western, Ramada and Radisson. Based in Montreal, Desig has over 700 property management systems installed in more than 24 countries, and has a 42 per cent market share in Eastern Canada. Desig has been ranked by Info Tech Magazine as having the second-highest growth potential amongst Quebec based information technology companies. Desig's American subsidiary, Central Point Technologies, conducts the Company's sales, marketing, support and advanced technology to expand corporate operations throughout the United States, the Caribbean, Latin and South America.

About Commercial Consolidators Corp.

Commercial Consolidators Corp. specializes in identifying hidden business opportunities in emerging markets. The Company's core operations reside within three business segments: consumer electronics, business equipment and technologies, and construction technologies and materials. The Company's business activities are currently focussed in the Caribbean and Latin America.

For more information please contact Investor Relations at 1-800-968-1727 or 1-877-660-6146, or visit the Company's web site at www.commercialconsolidators.com. Also contact Desig's public relations firm National Public Relations, Briana Davis or Sara McClelland at (416) 586-0180 or bdavis@national.ca / smcclelland@national.ca

ON BEHALF OF THE BOARD OF DIRECTORS Michael Weingarten

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