GreyStone Digital Technology Securities Subject to Nasdaq Delisting

Apr 25, 2001, 01:00 ET from GreyStone Digital Technology, Inc.

    SAN DIEGO, April 25 /PRNewswire/ -- GreyStone Digital Technology, Inc.
 (Nasdaq: GSTN) announced today that the Company received a Nasdaq Staff
 Determination on 18 April 2001 indicating that the Company fails to comply
 with the net tangible assets requirement for continued listing set forth in
 Marketplace Rule 4310(c)(2)(B), and that its securities are, therefore,
 subject to delisting from The Nasdaq SmallCap Market.  The Company has
 requested a hearing before a Nasdaq Listing Qualifications Panel to review the
 Staff Determination.  There can be no assurance the Panel will grant the
 Company's request for continued listing.  The Company understands that if the
 request for hearing is granted, the stock will continue to trade on The Nasdaq
 SmallCap Market until a final determination is made to delist the Company, at
 which point the Company's common stock will begin trading on the
 Over-the-Counter Bulletin Board.
     In addition, on 4 April 2001, Nasdaq Staff notified the Company that its
 stock price had been below $1.00 for 30 consecutive days and no longer
 complied with Marketplace Rule 4310(c)(4).  The Company was granted 90 days,
 or until July 3, 2001, to achieve compliance or request a hearing.
 
     Based in San Diego, California, GreyStone Digital Technology's goal is to
 position itself as a leading provider of applications of advanced digital
 technology that customers use to help people solve problems, communicate, and
 improve their businesses, products, and services.  The company is experienced
 in providing powerful real-time, interactive and networked 3-D digital
 immersion software and systems for defense customers and has applied this
 experience in the development of products for entertainment markets.
 GreyStone's products and services address a demand from military,
 entertainment, law enforcement, and other markets such as education, wireless
 communications, the Internet, e-commerce, and e-services for improved ways to
 access and use digital information.
     More company information is available on the company's website at
 http://www.gstone.com.
 
     This news release contains statements that are not purely historical, and
 as such are forward-looking statements under the federal securities laws.
 These include forward-looking statements regarding management's intentions,
 plans, hopes, beliefs, expectations or projections of the future.  These
 forward-looking statements involve risks and uncertainties, including without
 limitation, acceptance of the company's products and services; additional
 financing requirements; the impact of competitive products or pricing;
 technological changes; the effect of economic conditions; the ability to
 successfully commercialize the company's entertainment products; the company's
 dependence on key engineering, technical, and other skilled personnel and
 other risks and uncertainties detailed from time to time in the company's
 reports filed with the Securities and Exchange Commission.  One or more of
 these factors could affect the company's business and financial results in
 future periods, and could cause actual results to differ materially from plans
 and projections.  There can be no assurance that the forward-looking
 statements made in this news release will prove to be accurate, and issuance
 of such forward-looking statements should not be regarded as a representation
 by the company, or any other person, that the objectives and plans of the
 company will be achieved.  All forward-looking statements made in this news
 release are based on information presently available to management, and the
 company assumes no obligation to update any forward-looking statements.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X16670841
 
 

SOURCE GreyStone Digital Technology, Inc.
    SAN DIEGO, April 25 /PRNewswire/ -- GreyStone Digital Technology, Inc.
 (Nasdaq: GSTN) announced today that the Company received a Nasdaq Staff
 Determination on 18 April 2001 indicating that the Company fails to comply
 with the net tangible assets requirement for continued listing set forth in
 Marketplace Rule 4310(c)(2)(B), and that its securities are, therefore,
 subject to delisting from The Nasdaq SmallCap Market.  The Company has
 requested a hearing before a Nasdaq Listing Qualifications Panel to review the
 Staff Determination.  There can be no assurance the Panel will grant the
 Company's request for continued listing.  The Company understands that if the
 request for hearing is granted, the stock will continue to trade on The Nasdaq
 SmallCap Market until a final determination is made to delist the Company, at
 which point the Company's common stock will begin trading on the
 Over-the-Counter Bulletin Board.
     In addition, on 4 April 2001, Nasdaq Staff notified the Company that its
 stock price had been below $1.00 for 30 consecutive days and no longer
 complied with Marketplace Rule 4310(c)(4).  The Company was granted 90 days,
 or until July 3, 2001, to achieve compliance or request a hearing.
 
     Based in San Diego, California, GreyStone Digital Technology's goal is to
 position itself as a leading provider of applications of advanced digital
 technology that customers use to help people solve problems, communicate, and
 improve their businesses, products, and services.  The company is experienced
 in providing powerful real-time, interactive and networked 3-D digital
 immersion software and systems for defense customers and has applied this
 experience in the development of products for entertainment markets.
 GreyStone's products and services address a demand from military,
 entertainment, law enforcement, and other markets such as education, wireless
 communications, the Internet, e-commerce, and e-services for improved ways to
 access and use digital information.
     More company information is available on the company's website at
 http://www.gstone.com.
 
     This news release contains statements that are not purely historical, and
 as such are forward-looking statements under the federal securities laws.
 These include forward-looking statements regarding management's intentions,
 plans, hopes, beliefs, expectations or projections of the future.  These
 forward-looking statements involve risks and uncertainties, including without
 limitation, acceptance of the company's products and services; additional
 financing requirements; the impact of competitive products or pricing;
 technological changes; the effect of economic conditions; the ability to
 successfully commercialize the company's entertainment products; the company's
 dependence on key engineering, technical, and other skilled personnel and
 other risks and uncertainties detailed from time to time in the company's
 reports filed with the Securities and Exchange Commission.  One or more of
 these factors could affect the company's business and financial results in
 future periods, and could cause actual results to differ materially from plans
 and projections.  There can be no assurance that the forward-looking
 statements made in this news release will prove to be accurate, and issuance
 of such forward-looking statements should not be regarded as a representation
 by the company, or any other person, that the objectives and plans of the
 company will be achieved.  All forward-looking statements made in this news
 release are based on information presently available to management, and the
 company assumes no obligation to update any forward-looking statements.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X16670841
 
 SOURCE  GreyStone Digital Technology, Inc.