Commercial Solutions Inc.
TSX : CSA

Commercial Solutions Inc.

December 05, 2006 08:00 ET

Commercial Completes Fiscal Year on Strong Sales Growth

Sales increase by 42%

EDMONTON, ALBERTA--(CCNMatthews - Dec. 5, 2006) - Commercial Solutions Inc. ("Commercial" or the "Company") (TSX:CSA) today reported strong year-over-year revenue growth for the three-month and twelve-month period ended September 30, 2006.

For the three-month period ended September 30, 2006, the Company reported revenues of $40.9 million versus $28.9 million during the same three-month period the year prior, representing a year-over-year increase of 41.6 percent.

For the twelve-month period, the Company reported revenues of $138.5 million versus $97.8 million during the same twelve-month period in fiscal 2005, representing a 41.6 percent growth rate.

The Company plans to report its audited financial results on December 18, 2006 at 8:00 a.m. eastern standard time (EST). The Company will also hold a conference call to discuss the financial results later that day at 4:00 p.m (EST).

Scheduled speakers for the call will include Jim Barker, President & CEO, and Eric Sauze, CFO of Commercial.

Participants should dial 1-877-888-4210 or 416-695-5261 at least 10 minutes prior to the conference time of 4:00 p.m.

For those unable to participate on the call, a replay will be available after 6:00 p.m. at 1-888-509-0081 or 416-695-5275 pass code 636974 until midnight, December 20, 2006.

About Commercial

Headquartered in Edmonton, Alberta, Commercial is one of Canada's leading independent industrial distributors with 40 Services Centres and approximately 400 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 11,000 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.

Contact Information

  • Commercial Solutions Inc.
    Eric Sauze
    Chief Financial Officer
    (780) 577-2215
    Email: esauze@csinet.ca
    or
    Genoa Management Limited
    John Sadler
    (416) 962-3300
    +1 (866) 430-6247
    Email: info@genoa.ca
    Website: www.genoa.ca