Family Memorials Inc.
TSX VENTURE : FAM

Family Memorials Inc.

April 21, 2008 16:36 ET

Family Memorials Provides Corporate Update

THUNDER BAY, ONTARIO--(Marketwire - April 21, 2008) - Family Memorials (TSX VENTURE:FAM) is very excited about acquisitions it has identified for 2008. Our second quarter of 2007 saw an increase of 96% in total sales over the same period of 2006 and a 67% increase in 2007 third quarter sales. The integration of Peterborough Monuments and Barber Monuments into the Family Memorials business model, as well as sales increases in our existing locations accounted for this growth.

Family Memorials believes the acquisitions we have identified for the current year will position the company to develop into the leading retailer of granite memorials in Canada. Our goal, as always, is to grow through acquisitions with the aim to developing the critical mass necessary to be self-sustaining and recession proof. Our business plan has been updated to incorporate synergies we have identified during the past 4 years of strategic acquisitions.

It is Family Memorials goal to be the leading consolidator of monument companies in the death care industry. We look forward to providing our shareholders with an exciting year of growth. We would like to take this opportunity to thank our shareholders for their loyalty and patience in attaining this goal.

About Family Memorials

The Corporation is in the business of consolidating retail businesses selling granite monuments for placement on individual cemetery lots. Family Memorials Inc. has eight Canadian sales outlets. Family Memorials 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.

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

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