Mainstreet Equity Corp. provides notice of intention to change member firm for normal course issuer bid

    CALGARY, Jan. 4 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the
"Corporation") (TSX:MEQ) announces that notice was given to the Toronto Stock
Exchange ("TSX") on December 20, 2007, that it is the intention of the
Corporation to change the member firm used to conduct their normal course
issuer bid to Desjardins Securities Inc. in Toronto, Ontario. On January 2,
2008, the TSX provided acceptance of the Corporation's notice of intention to
change its member firm to Desjardins Securities Inc.

    About Mainstreet

    Established in 1997, Mainstreet is a Calgary-based, growth-oriented real
estate corporation focused on the acquisition, redevelopment, repositioning,
and asset and property management of mid-market apartment buildings. The
Corporation currently owns and operates residential rental units, including
apartments and townhouses, in Vancouver/Lower Mainland (Surrey), Calgary,
Edmonton, Saskatoon and Greater Toronto Area.
    Mainstreet's common shares are listed on the Toronto Stock Exchange under
the symbol "MEQ".

    Cautionary Statement Regarding Forward-Looking Statements

    This news release contains forward-looking statements based on
assumptions, uncertainties and management's best estimates of future events.
When used herein, words such as "intended" and similar expressions are
intended to identify forward-looking statements. Forward-looking statements
are based on assumptions by and information available to the Corporation.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties. Actual results may differ materially from those currently
anticipated. The forward-looking statements contained herein are expressed
qualified by this cautionary statement.
    Members of Mainstreet's Board of Directors have reviewed this news
release prior to distribution.

For further information:

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

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