UNITED STATES SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
CURRENT REPORT
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-
16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For May 15, 2002
Commercial Consolidators Corp.
(Translation of registrant's name into English)
Suite 1010, 5255 Yonge Street, Toronto, Ontario, Canada M2N 6P4
(Address of principal executive office)
[Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F]
Form 20-F [x] Form 40-F [ ]
[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes [ ] No [x]
[If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b):
82 - .]
Commercial Consolidators Corp. reported that sales revenues for the fiscal
year ending February 28, 2002 increased 15.2%, from the previous year, to
C$119.2 million from C$103.5 million reported for the same period in 2001.
Net income for the fiscal year ending February 28, 2002 increased 60.9% to
C$5.7 million from the C$3.5 million reported for the same period last year.
Copy of the News Release and BC FORMS 53-901F are attached
hereto and filed as Exhibits to this filing on Form 6-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
COMMERCIAL CONSOLIDATORS CORP.
/s/ Guy P. Garvis
Guy P. Garvis, Chief Executive Officer
Date: May 15, 2002
Exhibit 1
News Release
May 15, 2002
COMMERCIAL CONSOLIDATORS CORP. REPORTS UNADUDITED RECORD EARNINGS
TORONTO, ONT, CAN - May 15, 2002 - COMMERCIAL CONSOLIDATORS, CORP.
(AMEX: ZCC), diversified international distributor of business technologies
and consumer electronics to North, South and Central America, reported that
sales revenues for the fiscal year ending February 28, 2002 increased 15.2%,
from the previous year, to C$119.2 million from C$103.5 million reported for
the same period in 2001. Net income for the fiscal year ending February 28,
2002 increased 60.9% to C$5.7 million from the C$3.5 million reported for the
same period last year.
Fiscal year ending February 28, 2002* 2001
Revenues C$ 119.220.006 C$ 103,506,513
Cost of Sales 94,591,167 83,114,777
------------ -----------
Gross Profit 24,638,839 20,391,736
- ----------------------------------------------------------------
Net Income C$ 5,704,024 C$ 3,544,502
- ----------------------------------------------------------------
*Unaudited results - All figures are in Canadian Dollars
"We are extremely pleased by our consistent financial results particularly
given the current economic climate," stated Guy Jarvis, CEO of Commercial
Consolidators, Corp. "We are grateful to the people within our organization
for their efforts. We remain committed to controlled growth as well as to
stringent cost management and bottom-line profits."
ABOUT COMMERCIAL CONSOLIDATORS CORP.
Commercial Consolidators Corp. is a diversified distributor of business
technologies (cellular phones and accessories, computer hardware, software
and solutions) and consumer electronics to the Americas (North, South and
Central). The Company's head office is located in Toronto, Ontario.
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.
For further information, please contact Investor Relations at 1-800-968-1727
or visit the Company's website at www.commercialconsolidator.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Guy Jarvis"
________________________________
GUY JARVIS, Chief Executive Officer
Exhibit 2
BC FORM 53-901F
May 15, 2002
BC FORM 53-901F (Previously Form 27)
Securities Act
Material Change Report Under Section 85(1) of the Act
ITEM 1 REPORTING ISSUER
COMMERCIAL CONSOLIDATORS CORP.
Suite 1010, 5255 Yonge Street,
Toronto, Ontario, Canada M2N 6P4
ITEM 2 DATE OF MATERIAL CHANGE
May 15, 2002
ITEM 3 PRESS RELEASE
Issued May 15, 2002 at Vancouver, BC
ITEM 4 SUMMARY OF MATERIAL CHANGE
Commercial Consolidators Corp. reported that sales revenues for the fiscal
year ending February 28, 2002 increased 15.2%, from the previous year, to
C$119.2 million from C$103.5 million reported for the same period in 2001.
Net income for the fiscal year ending February 28, 2002 increased 60.9% to
C$5.7 million from the C$3.5 million reported for the same period last year.
ITEM 5 FULL DESCRIPTION OF MATERIAL CHANGE
Please see attached Schedule "A"
ITEM 6 RELIANCE ON SECTION 85(2) OF THE ACT
This report is not being filed on a confidential basis.
ITEM 7 OMITTED INFORMATION
There are no significant facts required to be disclosed herein
which have been omitted.
ITEM 8 DIRECTOR/SENIOR OFFICER
Contact: Guy P. Garvis
Telephone: (416) 512-8299
ITEM 9 STATEMENT OF SENIOR OFFICER/DIRECTOR
The foregoing accurately discloses the material change referred to
herein.
DATED at Vancouver, BC this 15th day of May 2002.
"Guy P. Garvis"
_______________________________
Guy P. Garvis
Chief Executive Officer
Schedule "A"
TORONTO, ONT, CAN - May 15, 2002 - COMMERCIAL CONSOLIDATORS, CORP.
(AMEX: ZCC), diversified international distributor of business technologies
and consumer electronics to North, South and Central America, reported that
sales revenues for the fiscal year ending February 28, 2002 increased 15.2%,
from the previous year, to C$119.2 million from C$103.5 million reported for
the same period in 2001. Net income for the fiscal year ending February 28,
2002 increased 60.9% to C$5.7 million from the C$3.5 million reported for the
same period last year.
Fiscal year ending February 28, 2002* 2001
Revenues C$ 119.220.006 C$ 103,506,513
Cost of Sales 94,591,167 83,114,777
------------ -----------
Gross Profit 24,638,839 20,391,736
- ----------------------------------------------------------------
Net Income C$ 5,704,024 C$ 3,544,502
- ----------------------------------------------------------------
*Unaudited results - All figures are in Canadian Dollars
"We are extremely pleased by our consistent financial results particularly
given the current economic climate," stated Guy Jarvis, CEO of Commercial
Consolidators, Corp. "We are grateful to the people within our organization
for their efforts. We remain committed to controlled growth as well as to
stringent cost management and bottom-line profits."
ABOUT COMMERCIAL CONSOLIDATORS CORP.
Commercial Consolidators Corp. is a diversified distributor of business
technologies (cellular phones and accessories, computer hardware, software
and solutions) and consumer electronics to the Americas (North, South and
Central). The Company's head office is located in Toronto, Ontario.
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.
For further information, please contact Investor Relations at 1-800-968-1727
or visit the Company's website at www.commercialconsolidator.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Guy Jarvis"
________________________________
GUY JARVIS, Chief Executive Officer