SOURCE: Graystone Park Enterprises, Inc.

March 03, 2006 16:10 ET

Graystone Park Enterprises, Inc. Acquisition of Foundation Franchises, Inc. -- A Perfect Fit for Its Portfolio of Companies

ORLANDO, FL -- (MARKET WIRE) -- March 3, 2006 --Graystone Park Enterprises Inc. (OTC: GPKE) announced today that it has made its second acquisition of the year.

Foundation Franchises, Inc. is the company's second acquisition for 2006. Foundation Franchises, Inc. (FFI) is a consulting company for business owners interested in creative ideas on franchising their existing business, starting a business with franchise opportunities, or people looking to own an existing franchise. Foundation Franchises, Inc. can bring sales, marketing, customer service, thought-through site-election, corporate/capital structure and high quality management personnel. FFI's intent is to work closely with each individual opportunity and take it to its highest level for potential success. FFI's creative corporate/funding structure allows companies or individuals to take their existing business/ideas to a level probably never thought possible before with national publicity once completed.

The Fit

Graystone Park subsidiary IC Places (www.icplaces.com) plans to offer City Director Franchises for some 400 city web sites around the world. These City directors will be responsible for building local advertising sales and local editorial content for their sites.

The IC Places city sites already offer 77,000 hotels, 20,700 restaurants, 6,000 golf courses, discount event tickets, discount car rentals, discount airfare, attraction tickets and much more. The City Directors will enhance each city website by adding the most important ingredient, a local voice. These City Directors will receive revenue splits in their cities as well as will benefit from IC Places national advertising campaign.

"Now that Graystone has brought an in-house Franchise company to the table we can increase our growth into these areas at a rapid pace," said Steven Samblis Chairman of IC Places, Inc. He went on to say, "Graystone has continually brought IC Places the tools needed to build our business. Franchising is a profitable, highly technical arena and having an in-house company we can depend on streamlines the process significantly."

Other News

The audit for IC Places (www.icplaces.com) has been completed. The company now awaits a symbol for the company to begin trading publicly.

Graystone plans on announcing a record date for the 100% dividend of Gray publishing (www.ecasebriefs.com) shortly.

About Graystone Park Enterprises, Inc.

Graystone Park Enterprises, Inc.(www.GPKE.com) 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. GPKE projects to acquire an additional 6-10 companies in 2006.

Graystone will maintain a percentage of each subsidiary company. With Graystone's projected aggressive growth in revenues and asset ownership, it is expecting to reach AMEX qualifications. 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.

Contact Information

  • Contact: Graystone Park
    Eddie Spade
    407-386-6962
    Email Contact

    Contact: IC Places, Inc.
    Steven Samblis
    321-251-5045 x 6001
    Email Contact