Family Memorials Inc.
TSX VENTURE : FAM

Family Memorials Inc.

November 15, 2006 16:18 ET

Family Memorials Completes Purchase of R.H. Verduyn Granite Company Ltd.

THUNDER BAY, ONTARIO--(CCNMatthews - Nov. 15, 2006) - Further to its press release dated April 12, 2006 announcing that Family Memorials Inc. (TSX VENTURE:FAM) had entered into a Letter of Intent to acquire all the shares of R.H. VERDUYN GRANITE COMPANY LTD.("Verduyn Granite"), Family Memorials is pleased to announce that it has completed the purchase of all the shares of Verduyn Granite from Rod H. Verduyn on November 15, 2006. The total share purchase price of $420,000.00 was paid in full on November 15, 2006.

Verduyn Granite operates a monument sales business at 69 Aylmer Street, Peterborough, Ontario. The business will continue operating under the name Verduyn Granite. Verduyn Granite's gross sales for the fiscal year ended 31 March 2006 were $483,234.00.

With the acquisition, Family Memorials Inc. now has seven Canadian sales outlets. Family Memorials carries on business through its wholly-owned subsidiaries Grajack Industries Ltd. in Belleville, Ontario; Verduyn Granite Ltd., in Peterborough, Ontario; and Somerville Memorials Ltd. in Calgary, Alberta; and under the Family Memorials banner in Brandon, Manitoba, Regina, Saskatchewan, and Calgary , Alberta, and in Swan River, Manitoba through its exclusive agent, Heritage Memorials Gardens.

About Family Memorials

The Corporation is a monument company, carrying on the retail business of selling granite monuments for placement on individual cemetery lots.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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