SOURCE: StoneMor Partners L.P.

January 22, 2008 15:00 ET

StoneMor Partners L.P. Declares Quarterly Cash Distribution and Announces That It Will Hold Investors' Conference Call for Fourth Quarter and Year-End 2007 Financial Results

BRISTOL, PA--(Marketwire - January 22, 2008) - StoneMor Partners L.P. (NASDAQ: STON) announced today that it has declared a cash distribution of $0.5150 per unit, payable on February 14, 2008, to common and subordinated unit holders of record as of the close of business on February 4, 2008.

StoneMor's President and Chief Executive Officer, Larry Miller, said, "The recent acquisition of 45 cemeteries and 30 funeral homes on December 21, 2007 is integrating rapidly. Although there is no assurance of future performance, the Company anticipates being able to increase our quarterly distributions in the near future and anticipates being able to continue increasing quarterly distributions for the remainder of 2008. Even though the Company issued 2,650,000 shares on December 21, 2007, in connection with this acquisition, we are paying the full quarterly distribution as if the shares were issued at the beginning of the quarter and we were able to earn a full quarter's worth of cash."

StoneMor plans to hold an investors' conference call to review its fourth quarter and year-end 2007 results (which will be released before this call) on Monday, March 17, 2008, at 11:00 AM Eastern Time. The conference call can be accessed by calling (888) 662-9069. An audio replay of the conference call will be available by calling (800) 633-8284 through 1:00 p.m. Eastern Time on March 31, 2008. The reservation number for the audio replay is as follows: 21373627. The audio replay of the conference call will also be archived on StoneMor's website at http://stonemor.com.

About StoneMor Partners L.P.

StoneMor Partners L.P., headquartered in Bristol, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States, with 223 cemeteries and 57 funeral homes in 27 states plus Puerto Rico. StoneMor is the only publicly traded deathcare company structured as a partnership. StoneMor's cemetery products and services, which are sold on both a pre-need (before death) and at-need (at death) basis, include: burial lots, lawn and mausoleum crypts, burial vaults, caskets, memorials, and all services which provide for the installation of this merchandise.

For additional information about StoneMor Partners L.P., please visit StoneMor's website, and the Investor Relations section, at http://www.stonemor.com.

Forward-Looking Statements

Certain statements contained in this press release, including, but not limited to, information regarding the status and progress of our operating activities, the plans and objectives of our management, assumptions regarding our future performance and plans, and any financial guidance provided, as well as certain information in other filings with the SEC and elsewhere are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words "believe," "may," "will," "estimate," "continues," "anticipate," "intend," "project," "expect," "predict" and similar expressions identify these forward-looking statements. These forward-looking statements are made subject to certain risks and uncertainties that could cause actual results to differ materially from those stated, including, but not limited to, the following: uncertainties associated with future revenue and revenue growth; the impact of our significant leverage on our operating plans; the ability of us to service our debt; our ability to attract, train and retain an adequate number of sales people; uncertainties associated with the volume and timing of pre-need sales of cemetery services and products; variances in death rates; variances in the use of cremation; changes in the political or regulatory environments, including potential changes in tax accounting and trusting policies; our ability to successfully implement a strategic plan relating to producing operating improvement, strong cash flows and further deleveraging; uncertainties associated with the integration or the anticipated benefits of our acquisitions and various other uncertainties associated with the death care industry and our operations in particular.

When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements set forth in our Annual Report on Form 10-K/A and our Quarterly Reports on Form 10-Q and Form 10-Q/A filed with the SEC. We assume no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.

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