SOURCE: Graystone Park Enterprises, Inc.

July 05, 2005 06:30 ET

Graystone Park Enterprises, Inc. Announces Major Dividend Distribution to Its Shareholders With Spinout

NEW YORK, NY -- (MARKET WIRE) -- July 5, 2005 -- Graystone Park Enterprises, Inc. (OTC: GPKE) announces today that it will spin off its first wholly owned subsidiary, Gray Publishing & Media, Inc., in the next couple weeks. Gray Publishing & Media, Inc. was founded by veteran e-publishing executive David Gray, who is a pioneer in the digital distribution of academic content. His previous company, WizeUp Inc., became the world's largest digital publisher of college textbooks. Gray states, "The spin off is a perfect financing vehicle to create wealth in its established Casebriefs brand." Shareholders of GPKE will receive a dividend in the form of stock issued by the new company equaling slightly more than one-third of ownership in GPKE, and which will have its own symbol and will trade as a separate entity.

GPKE has a number of other companies in its acquisition pipeline. It intends on announcing the closing of another acquisition shortly in real estate development.

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 middle stage 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 substantial 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.

Contact Information

  • Contact:
    Shane Jones
    Director
    561-249-4140 x 103