Family Memorials Inc.

Family Memorials Inc.

November 27, 2007 15:49 ET

Family Memorials Strengthens Management Team

THUNDER BAY, ONTARIO--(Marketwire - Nov. 27, 2007) - Scott Kellaway, President and CEO of Family Memorials Inc. (TSX VENTURE:FAM) is pleased to announce the following senior management appointment, which will significantly improve the company's acquisition and consolidation strategy.

Mr. Gary Armstrong has been appointed Chief Financial Officer for the Corporation. Mr. Armstrong, a graduate of Lakehead University, is a Certified Management Accountant (CMA) with over 20 years experience in Finance and Administration. He has held senior executive positions including Chief Financial Officer - TbayTel and Manager of Finance and Administration - City of Vancouver, Police Department. Key responsibilities included, budget preparation, control and accounting processes, financial planning and administration of records system and regulatory functions.

Gary brings the experience and track record of a successful CFO, along with the hands-on business experience of a seasoned operations executive.

This strong combination of skills and experience will be an important addition to the executive team and will support his success as CFO of a fast growing company.

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; Verduyn Granite Ltd., in Peterborough, Ontario; Barber Monuments in St. Catharines, 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 Memorial Gardens.

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

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