Tuesday , February 21, 2006 16:10 ET
ORLANDO, FL, Feb 21, 2006 (MARKET WIRE via COMTEX) -- Graystone Park Enterprises, Inc. (OTC: GPKE) has announced that it will be issuing a 100% dividend to its shareholders, on Gray Publishing and Media, Inc. (www.eCasebriefs.com). The record date for the dividend will be announced at a later time.
The 100% dividend will be based upon the shareholders' position held in the parent company, GPKE (www.GPKE.com), and for every 1 shared owned of GPKE the shareholder will receive 1 share of Gray Publishing and Media. Graystone's management agrees that this second dividend distribution will be another example of how GPKE intends on continuously rewarding its shareholders.
Previously Graystone Park Enterprises, Inc. has distributed 1 share of IC Places, Inc. for every one share of GPKE that was owned as of the record date.
Other News
An audit of IC Places, Inc. (www.icPlaces.com) financials has been completed. This allows IC Places to apply for a Blue Sky Manual exemption listing which will facilitate trading of the company's securities in secondary markets in 38 States in the U.S. and provide enhanced corporate visibility to the global securities and investment community once IC Places begins to trade under its own symbol.
Graystone Park Ent. (GPKE) has already acquired 3 subsidiaries: Gray Publishing & Media Inc. (www.eCasebriefs.com), IC Places, Inc. (www.icplaces.com), and Realco Partners, Inc. (www.RealcoPartners.com).
Realco Partners, Inc. is actively seeking land for acquisitions, development and business ventures in the Orlando, Tampa, and St. Petersburg areas in Florida and also in western Michigan and northern Indiana.
About Gray Publishing and Media, Inc.
Founded by David Gray in 1995, Casebriefs(TM) was the first-ever digital case brief software for law students. Gray was instrumental in building Casebriefs(TM) into the leading case brief software being sold in virtually every law school bookstore in the U.S. The Casebriefs(TM) 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(TM) 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 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.
