SOURCE: Graystone Park Enterprises, Inc.

October 31, 2007 16:22 ET

Graystone Park Enterprises, Inc. Announces Market Direction Changes

ORLANDO, FL--(Marketwire - October 31, 2007) - Graystone Park Enterprises, Inc. (PINKSHEETS: GPKE) has taken a new direction after hiring Dr. Steven Burhoe as the new CEO. Dr. Burhoe will be bringing to GPKE two companies: Fishox Systems, Inc. and Oxy Agen, Inc.

Fishox Systems was founded, and the products were designed by Chesley "Pete" Ellis, in 2003 and targets the recreational fishing market with a device designed to provide supplemental oxygen to bait and live well tanks on fishing boats making bait livelier and increasing the survivability of live fish. Mr. Ellis' next venture is to enter the medical products market by marketing medical grade concentrators, nebulizers and suction machines in the Americas under agreement with several major Asian equipment manufacturers. Fishox will also set up and operate a repair facility for the equipment. The Asian manufacturers of the oxygen units will consign shipments to the company with each container providing a 136% profit for the company (approximately $200,000 in profit).

Oxy Agen, Inc. is a new company that has interests in marketing multiple products and services to the Baby Boomer Generation and anticipates absorbing Fishox Systems immediately. We are also involved in restaurant management as a turnaround specialist for distressed properties. Oxy Agen brings in a professional management team to reorganize and rebuild distressed restaurants using seasoned professionals with over 20 years of restaurant experience. The first project is underway with four additional properties to be added within the next six months. Oxy Agen receives a monthly management fee and a 40 to 50% ownership in the property (an asset of $250,000+ when it is profitable again).

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Graystone Park Enterprises, Inc. and may differ materially from these statements due to a number of factors. You should independently investigate and fully understand all risks before making any investment decisions.

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