Cornerstone Industries International Inc.

May 19, 2006 09:00 ET

Cornerstone Announces Up to US$1,200,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 19, 2006) - Cornerstone Industries International Inc. (the "Company") (TSX VENTURE:CIA)(FRANKFURT WKN:A0HFXV) is pleased to announce that, subject to regulatory acceptance, it has negotiated a private placement of up to 960,000 common shares at a price of US$1.25 per share for gross proceeds of up to US$1,200,000.

The proceeds from the private placement will be used to pay Home Solutions Inc. in connection with the acquisition by the Company of Cornerstone Building and Remodeling, for the rollout of phase II of the Company's container supply program and for working capital.

About Cornerstone Industries International

Cornerstone Industries International (CIA) is a Canadian holding corporation in the business of vertically integrating the Building Industry through acquisitions of wholesale suppliers, building contractors, remodeling companies and other affiliated industries. The Company operates through two wholly owned subsidiaries: Cornerstone Granite and Marble Wholesale ("CGWM") and Cornerstone Building and Remodeling ("B&R").

B&R is in the remodeling and restoration business; servicing commercial and residential properties in the US Gulf Coast area through one of the worlds two largest building supply retailers.

CGMW imports and supplies, on a wholesale basis, raw granite and marble slabs, sinks, tiles, hardware and fabrication supplies through the world's two largest building supply retailers and several national home builders in the United States.

The main operating offices are located at 5642 Enterprise Parkway, Fort Myers, FL 33905. Its public company and investor relations office is located at Suite 1304 - 925 West Georgia Street, Vancouver, B.C., Canada V6C 3L2.


Cornerstone Industries International Inc.

This press release contains "forward-looking statements" which reflect Cornerstone Industries International Inc.'s current expectations regarding the future results of operations, performance and achievements. The Company has tried, wherever possible, to identify these forward-looking statements by, among other things, using words such as "anticipate", "believe", "estimate", "expect" and similar expressions. The statements reflect the current beliefs of the management of the Company, and are based on currently available information. Accordingly, these statements are subject to known and unknown risks, uncertainties and other factors, which could cause the actual results, performance, or achievements of the Company to differ materially from those expressed in, or implied by, these statements. The Company undertakes no obligation to publicly update or review the forward-looking statements whether as a result of new information, future events or otherwise. Historical results of operations and trends may not necessarily indicate future results from operations.

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