The Graystone Company, Inc. (GYST)

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Graystonegold.com has sold nearly 100 ounces of gold and silver to date this year. Graystonegold.com was launched in January 2012.

Graystone Gold was launched to vertically integrate the Company's business from producing gold and precious metals from its own mines to being able to sell directly to consumers and jewelers. Selling gold and silver through its retail division allows the company to increases its margins by 15-20%. Junior mining companies typically sell their ore to refineries for 5-7% below spot price. However, by selling the gold and silver retail the Company can sell the gold and other precious metals for 10-15% over spot. The Company expects to grow the retail business over the next 12 months while operations on our mining properties are continuing to be built.

“The company expects to continue its retail operations and expects to sell up to an additional 100 ounces of precious metals before year end, adding approximately another $200,000 to GYST’s annual sales in 2012,” stated Paul Howarth, President of The Graystone Company. Mr. Howarth continued: “The Graystonegold.com retail division’s sales have become very helpful in maintaining adequate operating cash flows while the company completes the build-out of its mining operations. In fact, the retail division has grown faster than expected and we are in the process of revamping our website to better serve our clients.”