Gray Publishing & Media, Inc., GPMIJ, Expands Its Relationship With Audio Case Files Inc.

Market Wire, August, 2007

Gray Publishing and Media, Inc. (PINKSHEETS: GPMIJ), digital publisher of Casebriefs(TM), the most popular and largest selling digital study aid content to law students, announces that it has expanded its relationship with Audio Case Files, Inc. (ACF).

Through ACF's law school institutional sales approach, students at approximately 25 law institutions will be able to receive their audio case briefs at no additional cost. Audio case briefs are developed using GPMIJ's Casebrief content, www.eCasebriefs.com , coupled with ACF's voice over actors reading Casebrief content into a professionally created sound template. Students are then able to download Casebriefs audio content into their MP3 player, save to a CD or just simply listen over their computer speakers. David Gray, CEO of GPMIJ states, "This expanded relationship which includes an institutional sales approach, begins to validate the benefit and usefulness of GPMIJ content to the law student educational process." As part of the deal, GPMIJ can now include all of these students as its customers for other academic sales purposes. Students will be able to access the audio files from ACF's web site, www.audiocasefiles.com .

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 law students 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 law student population.

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For all broker/investor inquiries please contact a Broker Relations Specialist at MicroCap Management Headquarters: Phone: (407) 822-1110 or Email: Email Contact Corporate Headquarters: Gray Publishing & Media, Inc. 11 E 26th Street 7th Floor New York, NY 10010 646-240-4400 Fax: 212-447-4485