China Redstone Announces Cemetery Plot Sales for February and March 2011

CHONGQING, China, May 18, 2011 /PRNewswire-Asia/ -- China Redstone Group, Inc. (OTC Bulletin Board: CGPI) ("China Redstone" or the "Company"), the largest private provider of cemetery products and services in Chongqing, China, today reported the sales of the cemetery plots for February and March 2011.

China Redstone sold 902 cemetery plots from February 1st to March 31st 2011, representing a decrease of 1% from the same period last year. The average selling price was $7,639 per plot during the two-month period, an increase of 12% from $6,808 during the comparable period last year.

The following summarizes the Company's recent cemetery plot sales trends:

* Cemetery plot sales are typically lower during February as households celebrate Chinese New Year.

For the twelve months ended March 31, 2011, the Company sold 6,688 plots at an average price per plot of $7,147, representing a decrease of 0.62% and an increase of 25.62%, respectively.

China Redstone expects to report fiscal 2011 results ended March 31, 2011 before the end of June. Additional details will be provided once the Company finalizes its schedule.

China Redstone Group, Inc.

China Redstone is a cemetery developer and provider of cemetery products and services in Chongqing, China, through its contractually controlled affiliate Chongqing Foguang Tourism Development (Group) Co., Ltd. Founded in 2002, the Company provides a complete range of funeral merchandise and services, including cemetery property, both at the time of need and on a preneed basis. Its cemeteries are highly regarded in terms of a number of factors such as tradition, reputation, physical size, capacity of business, available supply, name recognition, aesthetics and potential for development or expansion.

Safe Harbor Statement

Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.

SOURCE China Redstone Group, Inc.

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