Family Memorials Inc.

Family Memorials Inc.

March 16, 2009 13:09 ET

Family Memorials Inc. Announces Proposed Private Placement

THUNDER BAY, ONTARIO--(Marketwire - March 16, 2009) - Family Memorials Inc. (TSX VENTURE:FAM) ("Family Memorials" or the "Corporation") announces that it proposes to offer, by way of a non-brokered private placement (the "Private Placement"), up to 5,000,000 Common Shares of the Corporation at a price of $0.05 per share, for gross proceeds of up to $250,000. Certain Insiders of the Corporation propose to participate in the Private Placement. Proceeds from the Private Placement will be used for the Corporation's working capital. All Common Shares issued pursuant to the Private Placement will be subject to a four month hold period from the date of issuance of the Common Shares.

About Family Memorials

Family Memorials is in the business of consolidating retail businesses selling granite monuments for placement on individual cemetery lots. Family Memorials 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.

Neither 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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