SOURCE: Graystone Park Enterprises, Inc.

April 02, 2007 16:09 ET

Graystone Park Enterprises, Inc. Updates Shareholders

ORLANDO, FL -- (MARKET WIRE) -- April 2, 2007 -- Graystone Park Enterprises, Inc. (PINKSHEETS: GPKE) reports today on the company's past achievements and current course of work. Mr. Jones, a Director of Graystone, reports on the activities of the company since inception.

In 2005, Graystone Park Enterprises (www.GPKE.com) started out strong with the acquisition of Gray Publishing and Media, Inc., Casebriefs™. GPKE was very instrumental in the re-release of Gray Publishing's product line Casebriefs™ (www.ecasebriefs.com). The Casebriefs™ 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. GPKE recently announced a 1 for 1 common stock dividend in Gray Publishing with a record date of March 19, 2007. The payment date for the dividend was set for Friday, March 30, 2007.

GPKE acquired FishOx™ Systems, Inc. (www.Fishox.com) as a wholly owned subsidiary in 2005. FishOx™ targeted the recreational fishing market with a device designed to provide supplemental oxygen to bait and live well tanks on fishing boats, making bait livelier and increasing the survivability of live fish. FishOx™ has designed and built mountable units producing 1/2 LPM or 1 LPM to the live well recirculation systems on larger crafts. The design is currently being marketed by T-H Marine nationwide.

GPKE has been assisting FishOx™ with the moving efforts of its manufacturing interests overseas. A manufacturer has been located and met with to manufacture the industrial grade oxygen concentrators. The recreational fishing market is comprised of 44 million fishermen who spend $118 billion a year on their equipment, according to the American Sportsfishing Association. GPKE will be issuing a common stock dividend in FishOx™ Systems.

Also in 2005 GPKE acquired IC Places, Inc. (www.icPlaces.com) as a wholly owned subsidiary. After the acquisition, Graystone helped with the growth of IC Places in various ways. GPKE was very instrumental in the acquisition of the IT Firm BridgerWeb (www.Bridgerweb.com) of Bozeman, Montana. Graystone has also provided assistance with the signing of the Acclaimed Photographer Brian B. Hayes and Celebrity Spokesperson Lisa Gleave. Graystone distributed 1 share of IC Places, Inc. for every one share of GPKE that was owned as of the record date. Once distributed the symbol ICPL was obtained for IC Places to trade under. IC Places (PINKSHEETS: ICPL) is currently maneuvering its way through the 15c2-11 process.

In 2006, GPKE acquired Realco Partners Inc. (www.RealcoPartners.com) as a wholly owned subsidiary. This permits Graystone to pursue and capitalize on various opportunities to acquire or purchase properties which will assist in future ventures. GPKE later announced a record date of July 17, 2006 for Realco Partners, which paid a 1 for 1 common stock dividend and was distributed to all eligible shareholders.

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 if spun out. 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 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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