SOURCE: Graystone Park Enterprises, Inc.

September 14, 2005 16:05 ET

Graystone Park Enterprises, Inc. Reports on the Launch of IC Places Independent Travel Consultant (ITC) Network

ORLANDO, FL -- (MARKET WIRE) -- September 14, 2005 -- IC Places, Inc. a wholly owned subsidiary of Graystone Park Enterprises Inc. (OTC: GPKE) announced today that it anticipates its Independent Travel Consultant (ITC) Network to be launched as early as October 3rd of this year. The company also reports that response to people wishing to sign up for the program has been well above previous expectations. Interest has reached IC Places from approximately 31 countries ranging from the U.S. to Australia and many countries in between.

The ITC program allows individuals throughout the world with an entrepreneurial spirit the ability to own their own home-based travel business for a small one-time fee of $500.00. The ITC program is web-based and will give ITC full access to the heartbeat of a city covering everything from Restaurant Reservations to best place to hold a Wedding. The program is a self-paced environment built to allow success for both full-time and part-time consultants.

IC Places will allow only a limited amount of Independent Travel Consultants in each city it covers. Anyone interested in adding their name to the pre-registration list can do so by visiting and clicking on ITC Pre-Registration. All ITC offices will be on a 1st come 1st served basis. Pre-Registering guarantees you an ITC slot in the city in which you live.

Graystone Park Ent. (GPKE) has already acquired 2 wholly owned subsidiaries: Gray Publishing & Media Inc., and IC Places, Inc., GPKE is also finalizing plans to acquire a real estate holding company.

About Graystone Park Enterprises, Inc.

Graystone Park Enterprises, Inc. was founded to assist the small-business entrepreneur in growing his company and reducing the pitfalls that normally stall a start-up company. Graystone plans on acquiring healthy fledgling companies in need of assistance to dramatically increase its market share. Graystone projects to acquire 5-10 companies in 2005, and an additional 8-12 companies in 2006.

Graystone will maintain a percentage of each subsidiary company after the subsidiary begins trading under its own symbol. Graystone expects its revenues, and the value of its equity positions, to be in the double-digit millions by the end of this year. With Graystone's projected aggressive growth in revenues and asset ownership, it is expecting to be AMEX qualified in 2006. GPKE has the knowledge and expertise to take many growth companies to the next level. In doing so, it is able to capitalize on various markets to maximize return on its investment. The GPKE dividend distribution plan puts an emphasis on bolstering shareholder value.

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. Graystone Park Enterprises, Inc. assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making any investment decisions.

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