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John McNamara
Director, Investor Relations

StoneMor Partners L.P.
3600 Horizon Blvd. Suite 100
Trevose, PA 19053

P: (215) 826-2945
E: jmcna@stonemor.com

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$ 7.19 +0.15 +2.13% Volume: 60,646 Nov 24, 2017 | 1:02 PM ET
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Press Releases

StoneMor Partners L.P. Issues Update on Sales Team Development

October 17, 2017

TREVOSE, Pa., Oct. 17, 2017 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today provided additional data on the ongoing restructuring of its sales force.  

Total salespeople within the salesforce at September 30, 2017, excluding terminations, numbered 739, which was 42 more than the prior year comparable period, while reflecting an increase of 19 from the 720 individuals reported at August 31, 2017.

The Partnership’s ongoing restructuring of its sales force includes migrating sales managers to salary only.  Data reflecting salespeople who made a sale during the month are cemetery sales only, but excludes selling managers and trainees. The number of salespeople who made a sale during the month of September 2017 was 566, an increase of 58 from the 508 reported for September 2016.   The number of salespeople who made a sale in September 2017 decreased by 20 from the 586 who made a sale in August 2017.

Salespeople within total salesforce:
    
 As of September 30, 2017   739 
 As of September 30, 2016   697 
 Increase/(decrease)    42 
    
 As of August 31, 2017    720 
 Increase/(decrease)    19 
    
Salespeople that made a sale*:
    
 Month of September 2017   566 
 Month of September 2016   508 
 Increase/(decrease)    58 
    
 Month of August 2017   586 
 Increase/(decrease)    (20)
    

*ex selling managers & trainees

About StoneMor Partners L.P.

StoneMor Partners L.P., headquartered in Trevose, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States, with 316 cemeteries and 94 funeral homes in 27 states and Puerto Rico. 

StoneMor is the only publicly traded death care company structured as a partnership. StoneMor’s cemetery products and services, which are sold on both a pre-need (before death) and at-need (at death) basis, include:  burial lots, lawn and mausoleum crypts, burial vaults, caskets, memorials, and all services which provide for the installation of this merchandise. For additional information about StoneMor Partners L.P., please visit StoneMor’s website, and the investors section, at http://www.stonemor.com.

CONTACT: John McNamara
  Director - Investor Relations
  StoneMor Partners L.P.
  (215) 826-2945

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Source: StoneMor Partners L.P.