press release 2008-6
FOR IMMEDIATE RELEASE
Toronto Stock Exchange
Symbol “TSX: CSA”
Commercial Solutions Announces Second Quarter 2008 Sales
Edmonton Alberta, Canada, May 6, 2008 - COMMERCIAL SOLUTIONS INC. ("Commercial" or "Company") (TSX:CSA) announced today revenues for the three months ended March 31, 2008 of $37.5 million versus $45.4 million during the same three-month period the year prior, representing a year-over-year decrease of 17.4 percent.
For the six-month period ended March 31, 2008, the Company reported revenues of $71.2 million versus $86.0 million during the same six-month period the year prior, representing a year-over-year decrease of 17.3 percent.
The Company also announced that it will report its financial results for the second quarter ended March 31, 2008 at 8:00 a.m. eastern standard time (EST) on Wednesday, May 14, 2008.
About Commercial
Headquartered in Edmonton, Alberta, Commercial is one of Canada's leading independent industrial distributors with 37 Services Centres and approximately 340 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, with an exception to securities laws requirements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Commercial Solutions Inc.
Eric Sauze
Chief Operating and Financial Officer
(780) 577-2215
esauze@csinet.ca
or
Spinnaker Capital Markets Inc.
Ali Mahdavi
(416) 962-3300
+1 (866) 430-6247
info@genoa.ca
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