SOURCE: Graystone Park Enterprises, Inc.

August 02, 2005 06:30 ET

Graystone Park Enterprises Inc. Announces 40% Dividend of Spinout to Its Shareholders

ORLANDO, FL -- (MARKET WIRE) -- August 2, 2005 -- GRAYSTONE PARK ENTERPRISES INC. (OTC: GPKE) has announced that it will be issuing a 40% dividend to its shareholders, on its first spinout. The 40% will be based upon the shareholders' position held in the parent company, GPKE. This is scheduled to be completed near the end of August. The dividend will be a Non-dilution factor to parent company, GPKE. Graystone's management agrees that the spinout of its first company will be a major accomplishment and a brief look into Graystone's business model of rewarding its shareholders whenever and wherever it can.

Graystone Park Ent. (GPKE) has already acquired 2 wholly owned subsidiaries: Gray Publishing & Media Inc., and IC Places, Inc.,

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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