Commercial Solutions Inc.
TSX : CSA

Commercial Solutions Inc.

June 08, 2006 08:30 ET

Commercial Acquires Excel Bearings Inc.

EDMONTON, ALBERTA--(CCNMatthews - June 8, 2006) -

Acquisition extends Commercial's geographic reach into Eastern Canada

Commercial Solutions Inc. ("Commercial" or the "Company")(TSX:CSA) announced today that it has completed the acquisition of all the issued and outstanding shares of Excel Bearings Inc. ("Excel"), a $3.5 million revenue Ontario based distribution company with ten employees and locations in Waterloo and Cambridge, Ontario.

Excel is a bearing and power transmission specialist with a strong regional presence within its Southern Ontario market, providing Commercial an increased Eastern presence. The Excel acquisition will give Commercial an Eastern Canadian bearing and power transmission infrastructure to build upon, eventually allowing Commercial to convert Western regional contracts into national contracts. In addition, Commercial's varied portfolio of products not currently carried by Excel, such as industrial and safety products, will provide an opportunity to have one-stop shopping presented to Excel's customer base.

"As a leading distributor in Western Canada, our growth strategy had always included an expansion into Eastern Canada," noted Jim Barker, President and CEO of Commercial. "Our objective is to apply the same strategic focus in Eastern Canada that has established Commercial as a dominant distributor in the West. Excel represents the beginning of a new growth era for Commercial in Eastern Canada with significant opportunities for organic growth and as a strategic consolidator."

About Commercial

Headquartered in Edmonton, Alberta, Commercial is one of Canada's leading independent industrial distributors with 24 Services Centres and approximately 275 employees located across Canada. Commercial offers more than 160,000 items critical to maintenance repair and operations (MRO) and original equipment manufacturer (OEM) customers. The Company represents 450 leading manufacturers and serves over 10,000 customer accounts within a broad cross-section of industries, including oil and gas, forestry, food processing, chemical processing, mining and aggregate, utilities, agriculture and construction. Commercial trades under the symbol "CSA" on the Toronto Stock Exchange. For further information on the Company, please visit www.commercialsolutions.ca and for detailed financial information visit www.sedar.com.

Forward Looking Statements

From time to time, the Company may publish forward-looking statements relating to such matters as expected financial performance, business prospects, development activities and like matters. These statements involve risk and uncertainties, including but not limited to the risk factors previously described. Actual results could differ materially from those projected as a result of these risks and should not be relied upon as a prediction of future events. Commercial undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events.

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