THUNDER BAY, ONTARIO--(Marketwire - Aug. 30, 2012) - Record second quarter sales of $1,139,666 with an EBITDA of $98,535, represented an increase of 94.3% over second quarter 2011 sales of $586,391 reported Family Memorials in their second quarter posting. Sales of $1,231,247 for the six months ended June 30, 2012 also represented a company milestone of highest sales in any 6 month period, an increase of 96.1% over the same period last year. Entering Q3, 2012 with booked sales of $950,000 is an increase of 10.4% over the same period in 2011.
Scott Kellaway, President and CEO said "Our increase in sales is largely due to the acquisition of Stratford Memorials and the continued roll out of our imonuments sales software to funeral homes and retail outlets. This is the first quarter that the Corporation has posted a positive EBITDA and reaffirms our position that profitability is driven by critical mass."
About Family Memorials
The Corporation is a Canadian public company operating in the death care industry retailing monuments and memorials through wholly owned subsidiaries and with agency and sales agreements with funeral homes. The Corporation currently trades on the TSX venture exchange under the symbol "FAM".
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 OF THIS RELEASE.