Consolidated Mercantile Incorporated reports year-end financial results

TORONTO, March 26 /PRNewswire-FirstCall/ - Consolidated Mercantile Incorporated (TSX: "CMC"; OTC: "CSLMF.PK")

Net Loss for the year ended December 31, 2009 was $232,461 compared to Net Earnings of $347,363 in 2008. Net Earnings for the 2008 year included a Gain on foreign exchange of $1.6 million. Loss per share for the year was $0.04 compared with Earnings per share of $0.07 in the comparable 2008 period.

Consolidated Mercantile Incorporated is a management holding company which effects its strategy through investment in, management of and the provision of merchant banking services to its core strategic industries.

SOURCE Consolidated Mercantile Incorporated