Mainstreet Equity Corp.TSX: MEQ

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

· Issued by Mainstreet Equity Corp. via CNW

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.