SOURCE: Graystone Park Enterprises, Inc.

March 12, 2007 14:18 ET

Graystone Park Enterprises, Inc. Sets Record Date for Gray Publishing and Media, Inc. Dividend

ORLANDO, FL -- (MARKET WIRE) -- March 12, 2007 -- Graystone Park Enterprises, Inc. (PINKSHEETS: GPKE) announced today that the record date for the Gray Publishing and Media, Inc. Casebriefs™ dividend is scheduled for March 19th, 2007 at 4 p.m. (EDT). The dividend will be based upon the shareholder's position held in the parent company, Graystone Park Enterprises (www.GPKE.com).

For every 1 share of GPKE that is owned by the close of the record date, the shareholder will receive 1 share of Gray Publishing and Media, Inc. as a dividend. In order to be eligible to receive the share-for-share dividend, GPKE shares must be owned by the close of the market on March 19, 2007.

All shareholders of GPKE as of March 19, 2007 at 4 p.m. (EDT) will be entitled to receive the share-for-share dividend in Gray Publishing and Media, Inc. (www.eCasebriefs.com). 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.

Graystone's management is planning to issue a common stock dividend in its wholly owned subsidiary FishOx™ Systems, Inc. (www.fishox.com).

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.

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