SOURCE: Graystone Park Enterprises, Inc

February 02, 2007 07:45 ET

Graystone Park Enterprises, Inc. Announces 1 for 1 Stock Dividend in Gray Publishing and Media, Inc.

ORLANDO, FL -- (MARKET WIRE) -- February 2, 2007 -- Graystone Park Enterprises Inc. (PINKSHEETS: GPKE) announced today that it will be issuing a 1 for 1 (100%) common stock dividend in its wholly owned subsidiary Gray Publishing and Media, Inc., Casebriefs™ (www.eCasebriefs.com).

For every 1 share of GPKE (www.GPKE.com) that is owned, the shareholder will receive 1 share of Gray Publishing and Media, Inc. as a dividend. Graystone's management will announce a record date for the Gray Publishing and Media, Inc. dividend soon. In order to be eligible to receive the Gray Publishing and Media dividend, GPKE shares must be owned by the close of the market on the record date.

GPKE has previously distributed a 1 for 1 dividend in its subsidiaries IC Places, Inc. (PINKSHEETS: ICPL) (www.icPlaces.com) and Realco Partners, Inc. to all eligible shareholders. Gray Publishing and Media, Inc. will be the 3rd share for share dividend paid from GPKE to all eligible shareholders.

Gray Publishing and Media, Inc. is currently in the midst of its spring semester sales season. In addition, the company is in process of updating current content whose textbook titles have been revised. This will enable the company to have the most updated content available in the marketplace for the upcoming fall semester.

About Gray Publishing and Media, Inc.

Founded by David Gray in 1995, Casebriefs™ was the first-ever digital case brief software for law students. Gray was instrumental in building Casebriefs™ into the leading case brief software being sold in virtually every law school bookstore in the U.S. The Casebriefs™ www.eCasebriefs.com product line consists of study guide applications geared to assist the first year law student with explanations and analysis of those issues presented in the first year curriculum. By the fourth quarter of 2005, the Casebriefs™ product line became the most popular and the largest selling digital study aid content to the nation's first year law student population.

About Graystone Park Enterprises, Inc.

Graystone Park Enterprises, Inc. (www.GPKE.com) was founded to assist the small-business entrepreneur and their company in reducing the pitfalls that would normally stall a start-up or midsize company's growth. Graystone plans on acquiring companies that are in need of assistance, in order to dramatically increase its market share. Graystone will maintain a percentage of each subsidiary company. The GPKE Management Team has the knowledge, expertise, and resources to take many companies to the next level. In doing so, it is able to capitalize on various markets in order to maximize the return on its investment. The GPKE dividend distribution plan puts an emphasis on bolstering shareholder value through its sizeable equity dividends in each of its subsidiary companies.

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