Graymark Announces 1-for-4 Reverse Stock Split

Graymark Healthcare, Inc. GRMH reported that its Board of Directors approved a 1-for-4 reverse stock split, which will be effective after the close of the market on June 3, 2011. The 1-for-4 reverse stock split will automatically convert all shares of the company's stock issued and outstanding to one new share of common stock, par value $0.0001 per share. The reverse stock split, which was approved by the company's shareholders on February 1, 2011, will reduce the number of shares of the company's outstanding common stock from approximately 34.1 million, as of the filing date of the company's most recent Quarterly Report on Form 10-Q, to approximately 8.5 million.