Family Memorials Inc.
TSX VENTURE : FAM

Family Memorials Inc.

May 13, 2009 15:18 ET

Family Memorials Inc. Signs Engagement Letter for up to $5 Million in Financing

THUNDER BAY, ONTARIO--(Marketwire - May 13, 2009) - Family Memorials Inc. (TSX VENTURE:FAM) ("Family Memorials" or the "Corporation") is pleased to announce it has entered into an agreement with Sinclair Financial Inc. of Fort Meyers, Florida to obtain up to $5 million in financing for the Corporation on a reasonable efforts basis. The Financing is to consist of debt and/or equity in any combination of the two or debt and/or equity solely. A completion/success fee of 3.0% will be paid in connection with this Financing.

Sinclair Financial Inc. provides financing for Industrial and Commercial projects, including power plants, ethanol plants and pulp and paper mills.

Family Memorials plans to use proceeds from this financing to fund new acquisitions that meet the company's investment criteria and provide revenue growth for the company.

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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