NEW ORLEANS, March 11, 2008 (PRIME NEWSWIRE) -- Stewart Enterprises, Inc. (Nasdaq:STEI) reported today its results for the fiscal quarter ended January 31, 2008.

The Company reported net earnings from continuing operations for the quarter ended January 31, 2008 of $8.9 million, or $.09 per diluted share, compared to net earnings from continuing operations of $11.9 million, or $.11 per diluted share, for the quarter ended January 31, 2007.

Thomas J. Crawford, President and Chief Executive Officer, stated, "While the overall first quarter performance did not meet our financial expectations, we were encouraged by the performance of our funeral operations with funeral revenue increasing $1.3 million. We maintained our average revenue per funeral while growing same-store calls 2.2 percent in the face of industry data that indicates declining deaths in our markets. We have what we believe to be a sustainable long-term strategy to maintain and grow market share by focusing on the strong brand names in our local markets. Currently, we are implementing enhanced funeral packages which should help us increase our average revenue per funeral."

Mr. Crawford continued, "Operating income was negatively impacted by a decline in cemetery revenue and above average increases in merchandise costs. While overall cemetery property sales declined compared to the same period in 2007, we generated positive growth during the first two months of the quarter; a slowdown in January accounted for the entire reduction for the quarter. Though cemetery revenue is down for the quarter, it has been and still remains one of the core strengths of our Company. We own and operate several of the premier cemeteries in the country and the strong fundamentals of these businesses remain intact. We have experienced significant cost increases from certain suppliers driven by rising increases in raw material costs and are aggressively pursuing alternative product and sourcing options to improve our margin performance."

Mr. Crawford concluded, "We are optimistic about our 'Best in Class' initiative which is designed to improve operational performance across rooftops, by adherence to Stewart cultural values, focus on key measures and use of management tools to implement performance solutions and best practices. We believe this initiative will give us the building blocks to construct long-term successful growth opportunities. Additionally, we made planned investments in the first phase of an overall continuous improvement initiative to consolidate databases and improve back office processes, to produce greater efficiencies and reduce costs. We are excited with the significant opportunities already identified."

First Quarter Results From Continuing Operations

FUNERAL



  *  Funeral revenue increased $1.3 million, or 1.8 percent, to
     $73.4 million.

  *  The Company's same-store funeral operations achieved a 2.2
     percent, or 331 event increase in funeral services performed,
     to 15,400 events.

  *  The Company's same-store funeral operations achieved a 0.8
     percent increase in average revenue per traditional funeral
     service and a 0.5 percent increase in average revenue per
     cremation service. Notwithstanding the increases in average
     revenue per traditional funeral and cremation service,
     same-store average revenue per funeral call remained the
     same quarter-over-quarter due to a proportionally greater
     increase in lower-priced cremation services when compared
     with the total number of higher-priced traditional services.

  *  The cremation rate for the Company's same-store operations
     was 40.1 percent for the first quarter of 2008 compared to
     38.9 percent for the first quarter of 2007.

  *  Net preneed funeral sales decreased 0.5 percent during the
     first quarter of 2008 compared to the first quarter of 2007.

  *  Funeral gross profit decreased $0.7 million to $18.0 million
     for the first quarter of 2008 compared to $18.7 million for
     the same period of 2007.  Revenue increased $1.3 million;
     however, expenses increased $2.0 million. The increase in
     funeral expenses is primarily due to a $0.5 million increase
     in depreciation expense partially due to the opening of a new
     funeral home and the re-opening of two Louisiana facilities,
     a $0.5 million, or 2.6 percent, increase in salaries and
     wages partially due to standard rate adjustments in the
     latter part of fiscal year 2007, a $0.4 million, or 5.3
     percent, increase in merchandise costs primarily due to
     increased volume and price increases from a few of the
     Company's suppliers and a $0.3 million increase in health
     insurance costs primarily due to an increase in high
     dollar claims.

CEMETERY



  *  Cemetery revenue decreased $2.9 million, or 4.9 percent,
     to $56.8 million for the first quarter of 2008. This decrease
     is due primarily to a $1.7 million, or 5.9 percent, decrease
     in gross cemetery property sales and a $1.5 million decrease
     in construction on various cemetery projects.  The Company
     currently has a backlog of approximately $24 million of
     cemetery property related to items that are pending
     construction such as private estates and community
     mausoleums. These sales are complete and the revenue related
     to these items will be recognized as construction occurs.

  *  Cemetery gross profit decreased $3.3 million to $9.0 million
     for the first quarter of 2008 compared to $12.3 million for
     the same period of 2007 due primarily to the $2.9 million
     decrease in cemetery revenue, as discussed above, and a $0.4
     million increase in expenses.  The increase in cemetery
     expenses is due in part to a $1.5 million, or 41.8 percent,
     increase in merchandise costs due to price increases from
     the Company's suppliers related to increases in raw materials
     and a $0.2 million increase in health insurance costs
     primarily due to an increase in high dollar claims. These
     increases were partially offset by a decrease in construction
     costs due in part to the decrease in construction revenue,
     noted above, and a $0.5 million decrease in cemetery selling
     costs due to the decline in property sales.

OTHER



  *  Corporate general and administrative expenses increased $1.2
     million to $8.2 million for the first quarter of 2008. The
     increase was primarily due to a $0.6 million increase in  
     information technology costs primarily due to the
     implementation of the new business systems and a web
     development project and a $0.4 million increase of cost
     related to the process improvement initiative that began in
     the first quarter of 2008.

  *  The Company recorded a hurricane related recovery of $0.1
     million during the quarter compared to a hurricane related
     charge of $1.9 million ($1.1 million after tax, or $.01 per 
     diluted share) for the same period of 2007. The charges in
     the prior year were due to repairs at locations damaged by
     Hurricane Katrina. The timing of the receipt of insurance
     proceeds is not in line with the timing of cash spending
     related to Hurricane Katrina. The Company has been unable
     to finalize its negotiations with its carriers related to
     damages caused by Hurricane Katrina. Accordingly, in
     August 2007, the Company initiated litigation to pursue 
     resolution.

  *  Interest expense decreased $0.9 million to $5.9 million 
     during the first quarter of 2008 due to a 208 basis point
     decrease in the average rate primarily related to the
     issuance of the $250 million of senior convertible notes
     in 2007. The convertible notes carry an average interest
     rate of 3.25 percent.

  *  Investment and other income, net decreased $0.3 million
     to $0.8 million due primarily to a $0.3 million decrease in
     interest income related to amounts due from the Internal
     Revenue Service.

  *  The effective tax rate for continuing operations for the
     quarter ended January 31, 2008 was 37.5 percent compared
     to 26.4 percent for the same period in 2007. The reduced
     rate in 2007 was primarily due to a tax benefit of $1.9
     million resulting from the utilization of a capital loss
     carryforward. The effective tax rate for 2007 exclusive of
     the tax benefit would have been 37.9 percent. 

Depreciation and Amortization



  *  Depreciation and amortization from continuing and total
     operations was $7.0 million for the first quarter of 2008
     compared to $6.5 million for the first quarter of 2007. 

Cash Flow Results and Debt for Total Operations



  *  Cash flow provided by operating activities for the first
     quarter of 2008 was $4.1 million compared to $17.9 million 
     for the same period of last year. The decrease in operating
     cash flow was due to various reasons including a decline in
     earnings for the period and the fact that the Company became
     a cash tax payer in the current year. The Company received
     $1.4 million in net tax refunds in the first quarter of 2007
     compared to net tax payments of $3.3 million in the first
     quarter of 2008. Also, the Company paid an additional $1.4
     million in interest payments in the first quarter of 2008
     compared to the first quarter of 2007 due to the timing of
     payments as a result of the issuance of the senior
     convertible notes. Lastly, the Company had cash inflows in
     the first quarter of 2007 related to Hurricane Katrina of
     $2.1 million in insurance proceeds, net of Hurricane Katrina
     expenses, and $3.2 million of business  interruption proceeds.

  *  Recurring free cash flow was $1.2 million during the first
     quarter of 2008 compared to $12.2 million for the first
     quarter of 2007.

  *  During the first quarter of 2008, the Company paid $2.4
     million, or $.025 per share, in dividends compared to $2.6
     million, or $.025 per share, paid in the first  quarter of
     2007.

  *  As of January 31, 2008, the Company had outstanding debt 
     of $450.2 million and cash on hand of $30.4 million, or 
     net debt of $419.8 million.

  *  As of March 7, 2008, the Company has purchased 3.6 
     million shares at an average price of $7.83 for approximately
     $28.0 million under the Board approved $50.0 million stock
     repurchase program. The Company  currently has $22.0 million
     available under the program. 

Trust Performance

The following returns include realized and unrealized gains and losses:



  *  For the quarter ended January 31, 2008, the Company's
     preneed funeral and cemetery merchandise trust funds 
     experienced a total return of (7.3) percent, and its 
     perpetual care trust funds experienced a total return of
     (4.2) percent. For a portfolio balanced with equity and
     fixed-income securities, this is consistent with the overall
     performance of the equity market as demonstrated by the S&P
     500 performance with a total return of (10.6) percent for
     the same period.

  *  For the last three years ended January 31, 2008, the
     Company's preneed funeral and cemetery merchandise trust
     funds experienced an annual total average return of 5.2
     percent, and its perpetual care trust funds experienced a
     total return of 4.4 percent. For a portfolio balanced with
     equity and fixed-income securities, this is consistent with
     the overall performance of the equity market as demonstrated
     by the S&P 500 performance with a total return of 7.3 percent
     for the same time period.

  *  For the last five years ended January 31, 2008, the Company's
     preneed funeral and cemetery merchandise trust funds
     experienced an annual total average return of 7.7 percent,
     and its perpetual care trust funds experienced a total return
     of 6.8 percent. For a portfolio balanced with equity and
     fixed-income securities, this is consistent with the overall
     performance of the equity market as demonstrated by the S&P
     500 performance with a total return of 12.0 percent for the
     same time period. 

Founded in 1910, Stewart Enterprises is the second largest provider of products and services in the death care industry in the United States. The Company currently owns and operates 221 funeral homes and 139 cemeteries in the United States and Puerto Rico. Through its subsidiaries, the Company provides a complete range of funeral merchandise and services, along with cemetery property, merchandise and services, both at the time of need and on a preneed basis.

Stewart Enterprises, Inc. will host its quarterly conference call for investors to discuss first quarter results today at 10 a.m. Central Standard Time. The teleconference dial-in number is 888-801-6504. To participate, please call the number at least 15 minutes prior to the call. If you are calling from outside the United States, the dial-in number is 913-312-0383. A replay of the call will be available by dialing 888-203-1112 (from within the continental United States) or 719-457-0820 (from outside the continental United States), and using pass code 3253408 until March 18, 2008, at 10:59 p.m. Central Standard Time. Interested parties will also have the opportunity to listen to the live conference call via the Internet through Stewart Enterprises' website http://www.stewartenterprises.com. To listen to the live call, please go to the website at least 15 minutes early to register, download and install any necessary audio software. A replay will be available at this website shortly following the conference call and will be available at the website until April 11, 2008.



                       STEWART ENTERPRISES, INC.
                           AND SUBSIDIARIES

              CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
                             (Unaudited)
             (Dollars in thousands, except per share amounts)


                                                 Three Months Ended
                                                     January 31,
                                               -----------------------
                                                 2008           2007
                                               --------       --------
 Revenues:
  Funeral                                      $ 73,449       $ 72,163
  Cemetery                                       56,824         59,683
                                               --------       --------
                                                130,273        131,846
                                               --------       --------
 Costs and expenses:
  Funeral                                        55,447         53,445
  Cemetery                                       47,756         47,404
                                               --------       --------
                                                103,203        100,849
                                               --------       --------
  Gross profit                                   27,070         30,997
 Corporate general and administrative 
  expenses                                       (8,235)        (7,042)
 Hurricane related recoveries (charges), net        159         (1,850)
 Separation charges                                  --           (485)
 Gains on dispositions and impairment 
  (losses),  net                                    147             98
  Other operating income, net                       242            267
                                               --------       --------
  Operating earnings                             19,383         21,985
 Interest expense                                (5,888)        (6,757)
 Investment and other income, net                   720          1,050
                                               --------       --------
   Earnings from continuing operations before    14,215         16,278
  income taxes
   Income taxes                                   5,330          4,305
                                               --------       --------
     Earnings from continuing operations          8,885         11,973
                                               --------       --------
 Discontinued operations:
   Loss from discontinued operations before          --            (40)
  income taxes
   Income taxes                                      --              7
                                               --------       --------
     Loss from discontinued operations               --            (47)
                                               --------       --------

   Net earnings                                   8,885       $ 11,926
                                               ========       ========

 Basic earnings per common share:
  Earnings from continuing operations             $ .09          $ .11
  Earnings from discontinued operations              --             --
                                               --------       --------
  Net earnings                                    $ .09          $ .11
                                               ========       ========

 Diluted earnings per common share:
  Earnings from continuing operations             $ .09          $ .11
   Earnings from discontinued operations             --             --
                                               --------       --------
   Net earnings                                   $ .09          $ .11
                                               ========       ========

 Weighted average common shares outstanding
   (in thousands):
  Basic                                          96,784        104,900
                                               ========       ========
  Diluted                                        97,019        104,998
                                               ========       ========

 Dividends declared per common share             $ .025         $ .025
                                               ========       ========


 Certain reclassifications have been made to the 2007 consolidated
 statement of earnings in order for these periods to be comparable.
 These reclassifications had no effect on net earnings.

 
                        STEWART ENTERPRISES, INC.
                            AND SUBSIDIARIES

                  CONDENSED CONSOLIDATED BALANCE SHEETS
                              (Unaudited)
             (Dollars in thousands, except per share amounts)

                                                 Jan. 31,     Oct. 31,
         ASSETS                                    2008         2007
        -------                              -----------    ----------
 Current assets:
   Cash and cash equivalents                    $ 30,375      $ 71,545
   Marketable securities                          15,203           262
   Receivables, net of allowances                 62,493        60,615
   Inventories                                    35,873        36,061
   Prepaid expenses                               11,315         6,355
   Deferred income taxes, net                      7,528         8,621
                                              ----------    ----------
    Total current assets                         162,787       183,459
 Receivables due beyond one year, net        
  of allowances                                   81,684        83,608
 Preneed funeral receivables and trust       
  investments                                    478,594       515,053
                                             
 Preneed cemetery receivables and trust      
  investments                                    234,462       255,679
 Goodwill                                        273,188       273,286
 Cemetery property, at cost                      377,554       374,800
 Property and equipment, at cost:            
   Land                                           43,761        43,767
   Buildings                                     312,923       310,968
   Equipment and other                           168,307       164,246
                                              ----------    ----------
                                                 524,991       518,981
   Less accumulated depreciation                 218,925       213,063
                                              ----------    ----------
   Net property and equipment                    306,066       305,918
 Deferred income taxes, net                      195,419       192,859
 Cemetery perpetual care trust investments       225,524       236,503
 Other assets                                     17,181        17,809
                                              ----------    ----------
    Total assets                              $2,352,459    $2,438,974
                                              ==========    ========== 

                                                
                                                 Jan. 31,     Oct. 31,
  LIABILITIES AND SHAREHOLDERS' EQUITY            2008           2007
  -----------------------------------        -----------    ----------

 Current liabilities:
   Current maturities of long-term debt            $ 130         $ 198
   Accounts payable                               25,477        26,606
   Accrued payroll and other benefits             12,988        16,316
   Accrued insurance                              20,564        21,252
   Accrued interest                                6,468         5,576
   Other current liabilities                      14,562        17,958
   Income taxes payable                            4,083         4,177
                                              ----------    ----------
     Total current liabilities                    84,272        92,083
 Long-term debt, less current maturities         450,106       450,115
 Deferred preneed funeral revenue                253,920       256,603
 Deferred preneed cemetery revenue               284,859       284,507
 Non-controlling interest in funeral and
  cemetery trusts                                627,083       683,052
 
 Other long-term liabilities                      18,741        13,869
                                              ----------    ----------
    Total liabilities
                                               1,718,981     1,780,229
                                              ----------    ----------
 Commitments and contingencies
 Non-controlling interest in perpetual 
  care trusts                                    224,331       235,427
                                              ----------    ----------

 Shareholders' equity:
   Preferred stock, $1.00 par value, 
    5,000,000 shares authorized; no 
    shares issued                                     --            --
   Common stock, $1.00 stated value:
     Class A authorized 150,000,000 
      shares; issued and outstanding 
      92,505,295 and 94,865,387 shares 
      at January 31, 2008 and October 31,
      2007, respectively                          92,505        94,865
     Class B authorized 5,000,000 shares;
      issued and outstanding 3,555,020 
      shares at January 31, 2008 and 
      October 31, 2007; 10 votes per share
      convertible into an equal number of
      Class A shares                               3,555         3,555
   Additional paid-in capital                    563,978       583,789
   Accumulated deficit                          (250,972)     (258,902)
   Accumulated other comprehensive income:
     Unrealized appreciation of 
      investments                                     81            11
                                              ----------    ----------
     Total accumulated other comprehensive
      income                                          81            11
                                              ----------    ----------
       Total shareholders' equity                409,147       423,318
                                              ----------    ----------
     Total liabilities and shareholders'
       equity                                $ 2,352,459    $2,438,974
                                             ===========    ==========




                           STEWART ENTERPRISES, INC.
                               AND SUBSIDIARIES

                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (Unaudited)
                (Dollars in thousands, except per share amounts)


                                                   Three Months Ended
                                                      January 31,
                                                ----------------------
                                                  2008          2007
                                                -------       --------
 Cash flows from operating activities:
   Net earnings                                 $ 8,885       $ 11,926
   Adjustments to reconcile net earnings
    to net cash provided by operating
    activities:
     Gains on dispositions and impairment
      losses, net                                  (147)           (17)
     Depreciation and amortization                6,962          6,494
     Provision for doubtful accounts              2,093          2,238
     Share-based compensation                       477            318
     Excess tax benefits from share-based
      payment arrangements                         (165)           (37)
     Provision (benefit) for deferred 
      income taxes                                1,866         (2,102)
     Other                                          825             66
     Changes in assets and liabilities:
       (Increase) decrease in receivables        (2,030)         9,159
       Increase in prepaid expenses              (4,963)        (6,439)
       (Increase) decrease in inventories
        and cemetery property                    (2,576)           837
       Decrease in accounts payable and
        accrued expenses                         (6,208)        (3,426)
       Net effect of preneed funeral 
        production and maturities:
         Decrease in preneed funeral 
          receivables and trust investments       2,758             77
         Decrease in deferred preneed 
          funeral revenue                        (2,329)        (2,891)
         Decrease in funeral non-control-
          ling interest                          (1,856)           (82)
       Net effect of preneed cemetery 
        production and deliveries:
         (Increase) decrease in preneed 
          cemetery receivables and trust 
          investments                             2,461         (1,000)
         Increase (decrease) in deferred 
          preneed cemetery revenue                  351         (1,325)
         Increase (decrease) in cemetery
          non-controlling interest               (1,919)         3,312
 
     Increase (decrease) in other                  (387)           781
                                                -------        -------
   Net cash provided by operating activities      4,098         17,889
                                                -------        -------

 Cash flows from investing activities:
   Proceeds from sales of marketable 
    securities                                    4,984             --
   Purchases of marketable securities           (19,802)           (66)
   Proceeds from sale of assets, net                338            388
   Purchase of subsidiaries, net of cash
    acquired                                         --         (2,805)
   Insurance proceeds related to hurricane
    damaged properties                               --          1,400
     Additions to property and equipment         (7,056)        (7,777)
   Other                                             10             29
                                                -------        -------
    Net cash used in investing activities       (21,526)        (8,831)
                                                -------        -------

 Cash flows from financing activities:
   Repayments of long-term debt                     (77)          (865)
   Issuance of common stock                       1,380            643
   Purchase and retirement of common stock      (22,807)            --
   Dividends                                     (2,403)        (2,627)
   Excess tax benefits from share-based 
    payment arrangements                            165             37
                                                -------        -------  
    Net cash used in financing activities       (23,742)        (2,812)
                                                -------        -------

 Net increase (decrease) in cash                (41,170)         6,246
 Cash and cash equivalents, beginning of 
  period                                         71,545         43,870
                                                -------        -------
 Cash and cash equivalents, end of period      $ 30,375       $ 50,116
                                               ========       ========

 Supplemental cash flow information:  
   Cash paid (received) during the
  period for:
   Income taxes, net                            $ 3,262       $ (1,370)
   Interest                                     $ 4,982       $  3,600
 Non-cash investing and financing activities:
   Issuance of common stock to executive
    officers and directors                      $   921       $    363
     Issuance of restricted stock, net of
    forfeitures                                 $   304       $    290
  


            
                        STEWART ENTERPRISES, INC.
                            AND SUBSIDIARIES

             RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
            FOR THE PERIODS ENDED JANUARY 31, 2008 AND 2007
                             (Unaudited)

Free cash flow is defined as net cash provided by operating activities less maintenance capital expenditures. Recurring free cash flow is defined as net cash provided by operating activities less maintenance capital expenditures and specified items not expected to recur. Management believes that free cash flow and recurring free cash flow are useful measures of the Company's ability to repay debt, make strategic investments, repurchase stock or pay dividends (subject to the restrictions in its debt agreements). The following table provides a reconciliation between net cash provided by operating activities (the GAAP financial measure that the Company believes is most directly comparable to free cash flow and recurring free cash flow) and free cash flow and between net cash provided by operating activities and recurring free cash flow for the three months ended January 31, 2008 and 2007:



                                                Three months ended 
                                                    January 31,    
 Free Cash Flow                               -----------------------
 (Dollars in millions)                          2008           2007
                                              -------         -------

 Net cash provided by operating 
  activities(1)                                $ 4.1          $ 17.9
   Less:  Maintenance capital 
     expenditures                               (3.2)           (3.6)
                                              -------         -------
 Free cash flow                                $ 0.9          $ 14.3
                                              =======         =======

 Net cash provided by operating 
  activities                                   $ 4.1          $ 17.9
   Add (Subtract):  Net cash outflows
    (inflows) from insurance proceeds
    and expenditures recorded related
    to Hurricane Katrina                         0.3            (2.1)
                                              -------         -------
 Adjusted cash provided by operating 
  activities                                     4.4            15.8
   Less:  Maintenance capital 
     expenditures                               (3.2)           (3.6)
                                              -------         -------
 Recurring free cash flow                      $ 1.2          $ 12.2
                                              =======         =======


  (1) Net cash provided by operating activities decreased $13.8
      million from $17.9 million for the first quarter of 2007
      to $4.1 million for the first quarter of 2008. This
      decrease is primarily due to the following:

      * $4.7 million increase in income taxes payments
      * $3.2 million decrease in business interruption 
        insurance proceeds
      * $3.0 million decrease in net income
      * $2.4 million decrease in Hurricane Katrina inflows  
      * $1.4 million increase in interest payments due to timing
      * ($0.9) million decrease in other  $13.8 million in total 



                        STEWART ENTERPRISES, INC.
                           AND SUBSIDIARIES

                         CAUTIONARY STATEMENTS

This press release includes forward-looking statements that are generally identifiable through the use of words such as "believe," "expect," "intend," "plan," "estimate," "anticipate," "project," "will" and similar expressions. These forward-looking statements rely on assumptions, estimates and predictions that could be inaccurate and that are subject to risks and uncertainties that could cause actual results to differ materially from our goals or forecasts. These risks and uncertainties include, but are not limited to:



  *  effects on revenue due to the changes in the number of deaths
     in our markets and decline in funeral call volume;

  *  effects on at-need and preneed sales of a weakening economy;

  *  effects on our market share, prices, revenues and margins
     of intensified price competition or improved advertising and
     marketing by competitors, including low-cost casket providers
     and increased offerings of products or services over the
     Internet;

  *  effects on cash flow and earnings as a result of increased
     costs;

  *  effects on our revenue and earnings of the continuing
     national trend toward increased cremation and the increase
     in the percentage of cremations performed by us that are
     inexpensive direct cremations;

  *  effects on our trust fund and escrow accounts of changes 
     in stock and bond prices and interest and dividend rates;

  *  risk of loss due to hurricanes;

  *  effects of the call options we purchased and the warrants
     we sold on our Class A common stock and the effects of the
     outstanding warrants on the ownership interest of our
     current stockholders;

  *  our ability to pay future dividends on our common stock;

  *  possible adverse outcomes of pending class action lawsuits
     and the continuing cost of defending against them;

  *  our ability to consummate significant acquisitions
     successfully;

  *  the effects on us as a result of our industry's complex
     accounting model;

  *  the effect of the potential change in accounting method
     for our convertible notes; 

and other risks and uncertainties described in our Form 10-K for the year ended October 31, 2007, filed with the SEC. We disclaim any obligation or intent to update or revise any forward-looking statements in order to reflect events or circumstances after the date of this release.

Stewart Enterprises, Inc.
Thomas M. Kitchen
(504) 729-1400