Consolidated Mercantile Incorporated Reports Third Quarter Financial Results

Share Name	Share Symbol	Market	Type
Consolidated Mercantile (MM)	NASDAQ:CSLMF	NASDAQ	Ordinary Share

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Consolidated Mercantile (MM)

NASDAQ:CSLMF

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01:00:00

Consolidated Mercantile Incorporated Reports Third Quarter Financial Results

01/12/2003 3:33pm

PR Newswire (US)

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Consolidated Mercantile Incorporated Reports Third Quarter Financial Results Consolidated Mercantile Incorporated (T.S.X. - "CMC" - common) (NASDAQ - "CSLMF" - common) TORONTO, Dec. 1 /PRNewswire-FirstCall/ -- Consolidated Mercantile Incorporated reports that revenues for the nine-month period ended September 30, 2003 increased by 9.1% to approximately $189 million from $173.2 million in 2002. Earnings increased to $1.9 million compared to $1.5 million in the preceding year. Earnings per share for the nine months increased to $0.37 compared with earnings of $0.30 per share in 2002. The quarter includes the revenues and integration costs relating to our subsidiary Polyair InterPack Inc.'s acquisition of the swimming pool and pool equipment assets of Atlantic/Jacuzzi. The added value of these acquired assets is enhancing our earnings performance and market position. Consolidated Mercantile Incorporated is a management holding company which effects its investment strategy through investment in, management of and merchant banking to its core strategic industries including packaging, swimming pool products, furniture and finance. "Safe Harbor" statement under the Private Securities Reform Act of 1995: This release contains forward-looking statements which reflect management's current views of future events and operations. These forward-looking statements are based on assumptions and external factors, including assumptions relating to product pricing, competitive market conditions, financial data, and other risks or uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission. These forward-looking statements represent the Company's judgement as of the date of this release and any changes in the assumptions or external factors could produce significantly different results. DATASOURCE: Consolidated Mercantile Incorporated CONTACT: Stan Abramowitz, Secretary, (416) 920-0500

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CSLMF Consolidated Mercantile (MM)