American Stone SEC Deregistration Becomes Effective; Stock Will Continue to Trade on Pink Sheets.

AMHERST, Ohio -- American Stone Industries, Inc. (Pink Sheets:AMST), a supplier of building stone products, said the deregistration application it filed with the U.S. Securities and Exchange Commission 90 days ago has become effective. As a result, all reporting obligations of the Company under the federal securities laws are ended, including forms 10-KSB, 10-QSB and 8-K.

The Company's shares will continue to trade over the counter on the Pink Sheets Electronic Quotation Service under the same AMST symbol. Hill Thompson, a market maker, is registered to make a market for the stock on the Pink Sheets. The Company said it would continue to issue quarterly earnings releases and report other material news via the Pink Sheets service or a disclosure news wire.

As previously stated, the Company's board of directors determined that the costs associated with preparing SEC reports, complying with the increased strictures of the Sarbanes-Oxley Act, and being quoted on the OTC Bulletin Board clearly outweighed the benefits for a small company with limited stock trading activity.

American Stone Industries is a holding company that mines and sells stone predominantly for the building stone market through its wholly owned subsidiary, American Stone Corporation. American Stone Corporation owns and operates Cleveland Quarries in Amherst, Ohio, one of the world's largest sandstone quarries.