Keystone North America Inc. Schedules Third Quarter Ended September 30, 2009

Earnings Conference Call Tuesday, November 10, 2009 10:00 am (EST)

TORONTO, Oct. 22 /CNW/ - Keystone North America Inc. (TSX:KNA and KNA.UN) will hold a conference call on Tuesday, November 10, 2009 10:00 am (EST) for analysts and investors to discuss its financial results for the third quarter of the 2009 fiscal year (which will be released on Monday, November 9, 2009).

A copy of complete financial results will be available prior to the call at www.sedar.com. Steve Tidwell, President and Chief Executive Officer and Stephen Shaffer, Executive Vice President and Chief Financial Officer, will be available to answer questions during the call.

To participate in the conference call, please dial (416) 646-3096 or (800) 732-6179 confirmation No.4176071. A live audio webcast of the conference call will be available at http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2854060.

An archived recording of the call will be available at (416) 640-1917 or (877) 289-8525 (passcode 4176071 followed by the No. sign) through November 17, 2009. An archived recording of the webcast will be available at http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2854060.

The Issuer, through its subsidiary Keystone Group Holdings, Inc. ("Keystone"), is a leading owner and operator of funeral homes across North America. Keystone is in management's estimate, the fifth largest funeral home operator in North America.

Note on Forward-Looking Statements

This press release may contain "forward-looking statements" that reflect the current expectations of management regarding our future growth, results of operations, performance and business prospects and opportunities. Forward-looking statements are only predictions and are not guarantees of performance. Wherever possible, words such as "may", "would", "could", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "aim", "endeavor" and similar expressions have been used to identify these forward-looking statements. These statements reflect management's beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, without limitation, those listed in the "Risk Factors" section of the KNA's Annual Information Form for the year ended December 31, 2008. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this press release. These factors should be considered carefully and prospective investors should not place undue reliance on the forward-looking statements. Although the forward-looking statements that may be contained in this press release are based upon what management currently believes to be reasonable assumptions, we cannot assure prospective investors that actual results, performance or achievements will be consistent with these forward-looking statements.

%SEDAR: 00021578E

SOURCE KEYSTONE NORTH AMERICA INC.

For further information: For further information: Steven Tidwell, Chief Executive Officer, (813) 225-4653 or stidwell@keystonegroup.com; Stephen Shaffer, Executive Vice President and Chief Financial Officer, (813) 225-4654 or sshaffer@keystonegroup.com or visit our investor website at www.keystonenorthamerica.ca

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KEYSTONE NORTH AMERICA INC.

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