SOURCE: Graystone Park Enterprises, Inc.

October 25, 2007 13:45 ET

Graystone Park Enterprises, Inc. Announces Joint Venture and Record Date for Shareholder Meeting With New CEO

ORLANDO, FL--(Marketwire - October 25, 2007) - Graystone Park Enterprises, Inc. (PINKSHEETS: GPKE) is pleased to announce a new joint venture with Oxy Agen, Inc., a Florida Corporation, for the purpose of developing markets in two lines of products and services:

1. The marketing of industrial and medical grade oxygen concentrators,
   nebulizers and suction machines and;

2. The management and operation of failing restaurants.

Oxy Agen, Inc. was originally formed to provide supplemental oxygen products to the Baby Boomer generation through medical and recreational uses of oxygen. This market continues to grow, and Oxy Agen is positioning itself to take advantage of this growing market and provide installation and repair services for its customers. Oxy Agen is involved in the marketing of industrial and medical grade oxygen concentrators currently being manufactured under contract through a prominent Taiwanese manufacturer with which it has an exclusive contract to market in all the Americas.

In addition to the oxygen business, the company currently has restaurants under management and four in negotiation where a team of management experts in the hospitality area assume operational control of the restaurant that is in financial difficulty. The team reorganizes the business and within two years markets the business by selling the business outright, purchasing out the original owners, or being bought out by the original owner. Profits are based on 40% of the assessed value which is distributed at the end of the contract.

The company also has expertise in the cost analysis end of the restaurant business and reorganizes the buying of restaurants to take advantage of discounts available in the market and chain store accounts. For this service the company receives 20% of all savings that result from the new program it puts into place.

Dr. Burhoe, the current CEO of Oxy Agen, Inc., has assumed the CEO position of GPKE and will be providing more insight into the joint venture operations at the next stockholders meeting planned to be held in December. Shareholders of record on November 14, 2007 will be invited to attend the meeting.

On other news, GPKE announces its earlier spinoff, Realco Partners Inc., has changed its name to Sparrow Innovations, Inc. In addition, GPKE's website, www.gpke.com, is being revamped and updated, and will be back online Monday, October 29th.

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