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Prime Succession’s Bankruptcy Should Not Affect Pre-need Contracts or Cemeteries in Florida

7/15/2003

CONTACT: Nina Banister or Justin Glover
850-413-2842

TALLAHASSEE—Consumers should be unaffected by the bankruptcy filing yesterday of Prime Succession, Inc., according to Chief Financial Officer Tom Gallagher. The Erlanger, KY-based company owns several Florida subsidiaries including 11 funeral homes and four cemeteries in northwest Florida, Jacksonville and Fort Lauderdale.

Consumers are being assured by the company's officers that day-to-day business activities will not be affected by the proceedings. No cemeteries will close, and no changes are expected in staffing or operations. All contracts will continue to be honored, and vendors will receive payments. Consumers should continue to make payments on any active contracts with these companies, Gallagher said.

According to Gallagher, Prime Succession and its subsidiaries are required by Florida law to uphold its contracts with consumers. The Department of Financial Services, which regulates licensed cemeteries and pre-need funeral providers, will continue to monitor the company's operations.

Prime Succession filed a voluntary petition for bankruptcy under Chapter 11 in U.S. Bankruptcy Court in Ft. Lauderdale, Florida. Prime Succession of Florida, Inc.; its parent company, Prime Succession, Inc.; and several subsidiaries are included in the filing. Prime Succession intends to sell its holdings through the Chapter 11 proceedings.

Consumers with questions may call the department's funeral and cemetery hotline at 1-800-323-2627. Attached is a list of the Florida subsidiaries.


Prime Succession's Florida Subsidiaries


Aaron Cremation & Burial Services
6101 Miramar Parkway
Miramar, Florida

Wachob-Forest Lawn Funeral Home and Memorial Gardens
912 Brickyard Road
Chipley, Florida

Brown Funeral Home
1068 Main Street
Chipley, Florida

Clary-Godwin Funeral Home
230 Park Avenue
DeFuniak Springs, Florida

Clary-Godwin Funeral Home
150 Highway 20 East
Freeport, Florida

Craig Funeral Home and Flagler Palms Memorial Gardens
511 South Old Kings Road
Bunnell, Florida

Fraser Funeral Home
8168 Normandy Boulevard
Jacksonville, Florida

Fred Hunter's Funeral Home and Memorial Gardens
6301 Taft Street
Hollywood, Florida

Fred Hunter's Hollywood Memorial Gardens North
3001 North 72nd Avenue
Hollywood, Florida

Fred Hunter's Downtown Funeral Home
718 South Federal Highway
Ft Lauderdale, Florida

Fred Hunter's University Drive Funeral Home
2401 University Drive
Davie, Florida

Fred Hunter's Johnson Foster Wadlington Brown & Cooper Funeral Home
140 South Dixie Highway
Hollywood, Florida

Kalis Funeral Home
2505 North Dixie Highway
Wilton Manors, Florida

Kurfiss Funeral Home
1018 West Avenue
Clermont, Florida

Kurfiss Funeral Home
132 East Magnolia Street
Groveland, Florida