SOURCE: Graystone Park Enterprises, Inc.

April 25, 2005 16:39 ET

Graystone Park Enterprises, Inc.'s Publishing Executive Re-Enters E-Publishing Space

NEW YORK, NY -- (MARKET WIRE) -- April 25, 2005 -- Graystone Park Enterprises Inc.'s (OTC: GPKE) subsidiary, Gray Publishing & Media, Inc., founded by veteran e-publishing executive, David Gray, has once again aggressively moved into e-publishing with the release of the Casebriefs™ series and its applications. Included in the digital briefs series are some of the most popular titles of law school courses of which Torts, Contracts, and Civil Procedure are but a few.

Founded by 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., before selling its assets in 1996 to the largest publisher of law student study aid products. He then repurchased Casebriefs™ in 2004.

After his divestment of Casebriefs™ in 1996, Gray founded another academic e-publishing enterprise, WizeUp, Inc. in 1997, which became the world's largest developer and distributor of digital college textbooks.

David Gray, CEO of Gray Publishing & Media Inc., said that "Students today are seeking interactive, live content with the ability to specifically customize subject matter as per their professor and also have the ability of meeting their own particular needs. Casebriefs™ provides users with an easy-to-use, highly robust, technology solution."

The web site, www.eCasebriefs.com, offers for sale the entire first year law school series with 25 digital editions which are directly keyed to the most widely used first year law school texts. Each digital edition contains hundreds of pages and the entire series contains over 7,000 pages of the most current law student case briefs. The digital editions are being sold in every law school in the U.S.

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. Its first subsidiary, Gray Publishing & Media, Inc., is a leader in the higher education market with regard to the digital distribution of academic content to this space. Along these lines, Gray Publishing has a strong foothold in the law student market. 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.

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.

Contact Information

  • Contact:
    Shane Jones
    Director
    Graystone Park Enterprises, Inc.
    561-249-4140 x 103