SOURCE: Graystone Park Enterprises, Inc.

May 19, 2006 14:41 ET

Graystone Park Enterprises, Inc. Reaches Company Milestone

ORLANDO, FL -- (MARKET WIRE) -- May 19, 2006 -- Graystone Park Enterprises Inc. (OTC: GPKE) is proud to announce it has reached a milestone in its business strategy. GPKE (www.GPKE.com) has completed a successful spinout of IC Places, Inc. (www.icPlaces.com) to its shareholders, which is in its final stage before trading.

Over the past year the IC Places team has created the algorithms and programming that make up the foundation of its 900 City Websites... allowing the IC Places websites to virally grow into a limitless source of city knowledge.

With this foundation firmly in place, IC Places (www.icPlaces.com) will begin adding content to our websites. This will include editorials written by experts around the globe, each serving their home cities. Also included will be real time information on Spas, Nightlife, Restaurants and all the things that make each city great. This will include daily and annual events in each city. As we add more content each city site will become more alive.

If you feel your business should be included in our network of sites visit www.icOrlando.com for additional information.

GPKE will be announcing dividend information for Gray Publishing and Media, Inc. (www.eCasebriefs.com) and Realco Partners, Inc. (www.RealcoPartners.com) in the next couple of weeks.

Graystone Park has signed agreements with several other companies that have great growth potential, and investors should reap the rewards along with the company.

GPKE has acquired Realco Partners, Inc. to assist in acquiring real estate properties that can be developed for some of its other subsidiaries. Realco Partners, Inc. has signed an agreement to acquire All-Star Baseball, Inc. (www.AllStarComplex.com).

All-Star Baseball, Inc. is an indoor training complex, which is a multi-feature baseball and softball training and exercise facility that provides children, parents, amateurs, and professional baseball and softball players with all of the tools needed to improve their skills while having fun.

GPKE has acquired Gray Publishing and Media with its www.eCasebriefs.com products and technology for its marketing capabilities and revenue potential.

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 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.

Contact Information

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