Keystone North America Inc. corrects MD&A for fourth quarter and year end 2007



    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE
    SERVICES/

    TORONTO, March 31 /CNW/ - Keystone North America Inc. (TSX: KNA.UN) today
announced that it has filed a revised Management's Discussion and Analysis of
Financial Condition and Results of Operations for the three months and year
ended December 31, 2007 to correct a mathematical error in a performance
measure included in the MD&A. The correction does not constitute or result in
a change in Keystone's financial condition, revenue, cash flow, net income or
any line item in its financial statements for the periods affected nor its
accounting policies. The correction relates to an error in calculating the
same store funeral home services performed in 2007.
    In the revised MD&A, same store services performed were 559 services
lower in 2007 than 2006 resulting in a 3.8% decrease for the year ended
December 31, 2007. As a result, same store average revenue per service
increased 3.1% for the year ended December 31, 2007 over the year ended
December 31, 2006 and cremations were 43.6% of same funeral home total burial
and cremation services performed during 2007 compared to 41.5% during 2006.

    %SEDAR: 00021578E




For further information:

For further information: Steven A. Tidwell, Chief Executive Officer,
(813) 225-4652, stidwell@keystonegroup.com; Stephen Shaffer, Chief Financial
Officer, (813) 225-4654, sshaffer@keystonegroup.com, or please visit our
investor website at http://www.keystonenorthamerica.ca/

Organization Profile

KEYSTONE NORTH AMERICA INC.

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