Family Memorials Inc.
TSX VENTURE : FAM

Family Memorials Inc.

March 12, 2010 17:07 ET

Family Memorials Announces the Issue of a Request for Proposals (RFP) for Monument Sales Software

THUNDER BAY, ONTARIO--(Marketwire - March 12, 2010) - Family Memorials Inc. (TSX VENTURE:FAM) (the "Corporation") announces that it has issued a Request for Proposal (RFP) for the design and development of web based software that will provide monument retailers with access to customized monument sales software that will simplify and enhance the sale of monuments. The purpose of the software is to enable monument retailers, agents and funeral homes to provide customers with a full-colour visual image of the personalized finished product.

The Corporation anticipates that beta testing will be completed by the end of the second quarter and that the Monument Management System (MMS) will be available for distribution in the third quarter of 2010. 

About Family Memorials

The Corporation is in the business of consolidating retail businesses selling granite monuments for placement on individual cemetery lots. The Corporation has seven Canadian sales outlets and carries on business through its wholly-owned subsidiaries Grajack Industries Ltd. in Belleville, Ontario; R.H. Verduyn Granite Co. Ltd., in Peterborough, Ontario; Barber Monuments Ltd. in St. Catharines, Ontario; and Somerville Memorials Ltd. in Calgary, Alberta; and under the Family Memorials banner in Brandon, Manitoba, and Regina, Saskatchewan, and in Swan River, Manitoba through its exclusive agent, Heritage Memorial Gardens.

Forward-Looking Statements

This news release contains forward-looking statements which relate to the proposed development of the MMS for ultimate distribution. These forward-looking statements are subject to numerous risks and uncertainties, including the timing, content and pricing of the MMS and market and industry expectations. These forward-looking statements are also subject to certain risks and uncertainties which are beyond the control of the Corporation, including, but not limited to, general economic conditions, uncertainties associated with the death care industry, and the uncertainty of obtaining additional financing. Readers are cautioned not to place undue reliance on forward-looking statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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