SOURCE: StoneMor Partners L.P.

November 25, 2008 11:45 ET

StoneMor Partners L.P. Launches New Initiative Targeting Pre-Need Pet Memorialization

LEVITTOWN, PA--(Marketwire - November 25, 2008) - StoneMor Partners L.P. (NASDAQ: STON), an owner and operator of cemeteries and funeral homes in the United States, with 230 cemeteries and 59 funeral homes in 27 states plus Puerto Rico, and the only deathcare company structured as a master limited partnership, today announced it has launched a new initiative targeting the growing demand among pet owners seeking to plan for their pets' death in advance.

Bill Shane, Chief Financial Officer of StoneMor, commented, "It is estimated that pet owners will spend in excess of $40 billion for pet related expenses in 2008 alone. We believe there is a sizeable market for services after a pet dies when the pet owners will seek closure and comfort. Generally, pet owners have no idea what to do when their pet dies. They ask their Veterinarian at the time, but because of their grief, often cannot make effective decisions. We have found that many pet owners regret their decisions later. We have initiated a service through our Cemeteries and our 43 Pet Cemeteries to contact pet owners in advance and allow them to pre-plan their pet funeral. With one phone call to the local cemetery, we pick up the pet, take the pet to the crematory (most pet owners elect cremation) and return the ashes in a beautiful container pre selected by the pet owner. We are in the final testing phase and expect to be offering this service shortly."

About StoneMor Partners L.P.

StoneMor Partners L.P., headquartered in Levittown, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States, with 230 cemeteries and 59 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

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 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.

Contact Information

  • Contact:
    Tim Yost
    (215) 826-2836