Contact:Graystone Co.Phone: 1-347-688-9003mail: email@example.com
Santa Ana, California, May 17, 2017 (GLOBE NEWSWIRE) -- The Graystone Company (OTC:GYST) announced today that the company will file immediately to reduce the company's authorized share count to 500M shares. CEO M.T. Soeparmo stated, "Our company is growing at a rapid pace. As stated in a previous press release, we are projecting 20K to 25K in revenue for the month of May and based on current trends, that number should surpass 30K as early as June. The scalability of our business has allowed us to expand our reach well beyond our original target markets. In fact, plans for additional expansion are well under way." The Graystone Company, Inc. is building out a scalable business operation in the Cannabis Industry that includes multiple Cannabis Delivery Services and Dispensaries. The initial Delivery Service began operations in March 2017 and has rapidly expanded into multiple target markets with plans for aggressive expansion for the remainder of 2017. Mr. Soeparmo went on to say, "We want our shareholders to know that we have their best interests in mind. Based on revenue projections and current share price, we are of the opinion that our company is undervalued and we want to ensure we do whatever we can on our end to ensure that investors find our company to be an attractive investment option. With that in mind, we have made the decision to bring the Authorized Share count in line with what we feel is necessary for long term growth. We look forward to sharing more news with you in the coming weeks." Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual and interim reports.