THUNDER BAY,
ONTARIO--(Marketwire - March 12, 2010) - Family Memorials Inc. (TSX
VENTURE:FAM) (the "Corporation") announces that it has issued a Request for
Proposal (RFP) for the design and development of web based software that will
provide monument retailers with access to customized monument sales software
that will simplify and enhance the sale of monuments. The purpose of the
software is to enable monument retailers, agents and funeral homes to provide
customers with a full-colour visual image of the personalized finished product.
The
Corporation anticipates that beta testing will be completed by the end of the
second quarter and that the Monument Management System (MMS) will be available
for distribution in the third quarter of 2010.
About Family Memorials
The
Corporation is in the business of consolidating retail businesses selling
granite monuments for placement on individual cemetery lots. The Corporation
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.
Forward-Looking
Statements
This news release contains forward-looking statements which relate to the
proposed development of the MMS for ultimate distribution. These
forward-looking statements are subject to numerous risks and uncertainties,
including the timing, content and pricing of the MMS and market and industry
expectations. These forward-looking statements are also subject to certain
risks and uncertainties which are beyond the control of the Corporation,
including, but not limited to, general economic conditions, uncertainties
associated with the death care industry, and the uncertainty of obtaining
additional financing. Readers are cautioned not to place undue reliance on
forward-looking statements.
NEITHER THE 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.