Mainstreet announces appointment of Chief Financial Officer

    CALGARY, Oct. 9 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or "the
Corporation") (TSX: MEQ) is pleased to announce the appointment of Johnny Lam
as Chief Financial Officer of the Corporation effective immediately. Mr. Lam
was Chief Financial Officer of the Corporation until March 24, 2008, prior to
him being appointed as Chief Operating Officer of the Corporation. Mr. Lam
will also continue in his role as Chief Operating Officer.
    Mr. Cory Tamagi has resigned as Chief Financial Officer of the
Corporation, effective immediately to pursue other business interests.

    About Mainstreet

    Mainstreet is a Calgary-based, growth-oriented real estate corporation
focused on the acquisition, redevelopment, repositioning, asset and property
management of mid-market apartment buildings. The Corporation currently owns
and operates residential rental units, including apartments and townhouses, in
the Vancouver Lower Mainland (Surrey and Abbotsford), Calgary, Edmonton,
Saskatoon and the Greater Toronto Area.
    Mainstreet's common shares are listed on the Toronto Stock Exchange under
the symbol MEQ.

For further information:

For further information: Bob Dhillon, Chief Executive Officer, (403)
215-6063; Additional information is available at:,

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Mainstreet Equity Corporation

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