Arbor Memorial Services Inc.



    TSX ABO.A and ABO.B

    TORONTO, Aug. 30 /CNW/ - Arbor Memorial Services Inc. announced today its
results for the three and nine months ended July 31, 2007.

    
                       Three months ended July 31   Nine months ended July 31
                                 ($000)                       ($000)
                           2007           2006           2007           2006
                           ----           ----           ----           ----

    Revenue              57,650         53,392        172,769        159,839
    Earnings before
     interest expense
     and income taxes     7,354          7,213         28,526         25,808
    Net earnings          4,222          4,169         16,585         15,011
    Basic and diluted
     earnings per share
     ($)                   0.40           0.39           1.56           1.42
    

    Net earnings and earnings per share in the third quarter of 2007
increased by $0.1 million or 1.3% compared to the third quarter of 2006 to
$4.2 million and by $0.01 to $0.40 per share respectively. Net earnings and
earnings per share in the first nine months of 2007 increased by $1.6 million
or 10.5% compared to the first nine months of 2006 to $16.6 million and by
$0.14 to $1.56 per share respectively. The increases in both the third quarter
and the first nine months of 2007 were attributable to improved earnings in
the funeral division as a result of higher sales. Earnings were affected by
pre-tax termination expenses of $1.9 million in the third quarter and $2.1
million in the first nine months of 2007.

    Arbor Memorial Services Inc. owns 41 cemeteries, 27 crematoria, 3
reception centres located on cemetery premises and 93 funeral homes in eight
provinces of Canada.

    %SEDAR: 00007478E




For further information:

For further information: R. D. Innes, President and Chief Executive
Officer, B. D. Snowdon, Vice-President and Chief Financial Officer, Phone:
(416) 763-4531

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Arbor Memorial Services Inc.

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