Carriage Services Expands Houston Market with Acquisition of Crespo & Jirrels Funeral and Cremation Services

Carriage Services Expands Houston Market with Acquisition of Crespo & Jirrels
                        Funeral and Cremation Services

PR Newswire

HOUSTON, Dec. 21, 2012

HOUSTON, Dec. 21, 2012 /PRNewswire/ -- Carriage Services, Inc. (NYSE: CSV)
announced today that it has acquired Crespo & Jirrels Funeral and Cremation
Services of Baytown, Texas. The funeral home was founded in 1987 by its
original owners, the Krizak family, but ultimately changed hands in 2001 under
the new ownership of Anthony and Madeleine Crespo. The business serves over
200 families per year and continues an expansion of Carriage's footprint in
this section of Harris County. We are pleased to announce that Anthony Crespo
has been named the business's Managing Partner while Madeleine Crespo will
continue on with the business in a consulting capacity.

Melvin C. Payne, Chairman and CEO of Carriage, stated, "With our
Sterling-White business located less than five miles away, the acquisition of
Crespo & Jirrels will help strengthen our competitive position in this growing
market, and allow Carriage to continue to deliver upon its goal of partnering
with thefinest independent operators in the industry."

Carriage Services is a leading provider of death care services and merchandise
in the United States. Carriage operates 166 funeral homes in 26 states and 33
cemeteries in 12 states.

Certain statements made herein or elsewhere by, or on behalf of, the Company
that are not historical facts are intended to be forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. These
statements are based on assumptions that the Company believes are reasonable;
however, many important factors, as discussed under "Forward-Looking
Statements and Cautionary Statements" in the Company's Annual Report on Form
10-K for the year ended December 31, 2011, could cause the Company's results
in the future to differ materially from the forward-looking statements made
herein and in any other documents or oral presentations made by, or on behalf
of, the Company. The Company assumes no obligation to update or publicly
release any revisions to forward-looking statements made herein or any other
forward-looking statements made by, or on behalf of, the Company. A copy of
the Company's Form 10-K, and other Carriage Services information and news
releases, are available at www.carriageservices.com.

SOURCE Carriage Services, Inc.

Website: http://www.carriageservices.com
Contact: Bill Heiligbrodt, Carriage Services, Inc., +1-713-332-8400; or
Investors, Alexandra Tramont/Matt Steinberg, FTI Consulting, Inc.,
+1-212-850-5600
 
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