SOURCE: Graystone Park Enterprises, Inc.

May 22, 2006 13:43 ET

Graystone Park Enterprises, Inc. Subsidiary Announces Approval for Listing in Mergent Manual and News Reports™

ORLANDO, FL -- (MARKET WIRE) -- May 22, 2006 -- Graystone Park Enterprises, Inc. (PINKSHEETS: GPKE) announced today that Mergent's Editorial Board has approved IC Places, Inc. (www.icPlaces.com) for a listing in Mergent Manuals and News Reports™. IC Places' corporate profile, which includes descriptive text data as well as news and financial statements, will be accessible via Mergent's online and print products, says GPKE's Director, Shane Jones. He went on to say, "This will be a standard process in GPKE's (www.GPKE.com) plan to take its subsidiary companies to the next level in the equity markets."

As part of Mergent's listing services, the new description will be highlighted separately on www.mergent.com with an active hyperlink back to www.icPlaces.com.

The Mergent Industrial Manual and News Reports™ is a recognized securities manual in 38 states for purposes of Blue Sky Manual Exemption. First published in 1918, and formerly known as Moody's™ Manuals and News Reports, the publication was rebranded as Mergent Manuals and News Reports when Mergent, Inc. acquired Moody's™ Financial Information Services division in 1998. IC Places, Inc.'s listing will aid the brokerage community in making a market for the company's stock. However, it is recommended that brokers confirm with their compliance/legal department concerning "Blue Sky" laws in specific states and other regulatory laws that might affect them.

About IC Places, Inc.

IC Places owns and operates a network of city-based websites that are used by both travelers and local individuals. The sites offer 77,000 hotels, 12,700 restaurants, 6,000 Golf Courses, Discount event tickets, Discount Car Rentals, Discount Airfare, Attraction tickets and much more.

IC Places has created four distinct demographic groups of sites. The main group, www.icplaces.com (the name sake of the company) includes 150 city-based sites targeting the 35-54 age group. The premiere site is www.icOrlando.com covering Orlando, Florida, and the Disney area. The three following groups of sites will be launched in 2006 and will cover college kids, retired travelers and the people just graduating college and experiencing life for the first time. Upon full launch the IC Places network will own and operate over 900 international websites.

About Mergent, Inc.

Mergent, Inc. has been collecting and delivering financial information since 1900. For over a century, Mergent has built its reputation as an innovative leader in supplying comprehensive, accurate data, along with easy-to-use information tools based on the latest in technology. Mergent offers databases on key financial, fundamental and descriptive data for over 35,000 global public companies from over 100 countries, and 20,000 U.S. municipal entities, as well as extensive company analysis, corporate bond, unit investment trust, corporate actions, mutual fund and dividend information. Located in New York City and Charlotte, North Carolina, Mergent maintains a growing number of sales and service offices in the United States, Canada, the United Kingdom, Australia and Japan.

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