CALGARY, March 26 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or "the
Corporation") (TSX: MEQ) conducted its Annual General Meeting of Shareholders
(the "Meeting") on March 25, 2009, at which the following directors were
re-elected to hold office:Joseph B. Amantea
            Navjeet (Bob) N. Dhillon
            Richard Grimaldi
            Lawrence G. Tapp
            Karanveer V. Dhillon
            John IrwinApproximately 75% of Mainstreet's outstanding shares were represented and
voted in person or by proxy at the Meeting and, of those, an overwhelming
77.32% voted in favour of the re-election of the above directors.
    Mainstreet thanks the board of directors for their continued service and
the shareholders of Mainstreet for their continued support.

    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.