Business Editors

TORONTO--(BUSINESS WIRE)--Aug. 22, 2002

COMMERCIAL CONSOLIDATORS CORP. (AMEX:ZCC)(Frankfurt:CJ9), ("ZCC") is pleased to announce that its subsidiary, Central Point Technologies, Inc. ("Central Point"), a division of La Societe Desig Inc. ("Desig"), concluded the sale of its SharePoint Condo Management System to Creel Corporation.

The total sale is valued at C$415k, plus recurring support revenues totaling C$243k over five years. This global Condo Property Management System will be implemented at Creel's four luxurious condo resorts located in Myrtle Beach, SC to manage its hospitality operations for a total of 1,800 units. SharePoint will run on a server located at each property and accessible by each individual resort through Wide Area Network for remote reservations, management and reporting.

SharePoint is Desig/Central Point's latest Property Management System specifically targeting single and multi-property Condo-hotels from 50 to 2000 units per site. It provides a totally unique set of applications that efficiently manages both the condo owners and the transient guests sides of the business. This sophisticated solution includes exhaustive features to optimize condo and hospitality operations, automate condo owners accounting and unit management, simplify owners and guests reservations and improve bottom lines.

"We are extremely excited by this significant sale to the four resorts owned by Creel Corporation and by Central Point's inroad in Myrtle Beach's lucrative hospitality market with opportunities for 460 hotels and 72,000 rooms," stated Michael Weingarten, Chairman of Commercial Consolidators, Corp. Creel Corporation is one of the many revenue opportunities that Central Point has closed or is currently negotiating from the promising Condo-hotel market segment. Based on the demand from major condo-hotels in the U.S. and the Caribbean, the SharePoint Condo Management system is becoming a major contributor to Central Point's success.

ABOUT COMMERCIAL CONSOLIDATORS CORP.

Commercial Consolidators Corp. is a diversified distributor of business technologies (cellular phones and accessories, and computer hardware and software) and consumer electronics to the Americas (North, South and Central). The Company's head office is located in Toronto, Ontario.

ABOUT CENTRAL POINT TECHNOLOGIES, INC.

Central Point Technologies, Inc. (www.centralpointtech.com) a wholly owned subsidiary of Commercial Consolidators Corp., offers a portfolio of Hospitality Solutions including property management systems, condo management systems, Internet on-line bookings, speech recognition telephone reservations, point-of-sales, back-office & call accounting system, as well as peripheral products.

ABOUT CREEL CORPORATION

Creel Corporation is a resort management company, specializing in vacation condominiums in Myrtle Beach SC. The company successfully manages four of the most premier properties in Myrtle Beach most coveted locations. Their properties include the Caravelle Resort (660 units), Ocean Creek Resort (430 units), Beach Cove Resort (325 units) and Sea Watch Resort (275 units).

ON BEHALF OF THE BOARD OF DIRECTORS

MICHAEL WEINGARTEN, Chairman

Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.

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