BLACKSTOCKS DEVELOPMENT CORP. TO ACQUIRE DAY CARE CENTER IN MOORESVILLE, NORTH CAROLINA AND SIGNED LETTERS OF INTENT TO ACQUIRE TWO DAY CARE CENTERS IN NORTH AND SOUTH CAROLINA.

Charlotte, NC - Blackstocks Development Corp. announced today that it has entered into an Asset Purchase Agreement to acquire a Day Care Center in Mooresville, North Carolina. The Center will be acquired from Wee Lads and Lassies, Inc. for approximately $1.375 million. Additionally, the Company signed letters of intent to acquire centers in Charlotte, North Carolina and Fort Mill, South Carolina for approximately $2.1 million. These transactions are expected to close during the second quarter of 2003.

Charlotte, NC - Blackstocks Development Corp. announced today that it has entered into an Asset Purchase Agreement to acquire a Day Care Center in Mooresville, North Carolina. The Center will be acquired from Wee Lads and Lassies, Inc. for approximately $1.375 million. Additionally, the Company signed letters of intent to acquire centers in Charlotte, North Carolina and Fort Mill, South Carolina for approximately $2.1 million.

These transactions are expected to close during the second quarter of 2003.

The Center in Mooresville, North Carolina was founded in 1992, licensed to service 170 students, and consists of two buildings totaling approximately 7,200 square feet, situated on 1.5 acres.

Commenting on this transaction, Blackstocks Development Corp. CEO and President Al Perkins, said, "This acquisition, in conjunction with the strategy to develop a National Day Care Center Network, serves as an excellent base to develop and build educational and nurturing programs for children."

Blackstocks Development Corp. is a public developmental stage company transitioning into a company, primarily focusing on acquiring and developing a National Day Care Center Network for pre-school aged children.

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Because these statements apply to future events, they are subject to risks and uncertainties that could cause actual results to differ materially, including the absence of a combined operating history with an acquired company and the potential inability to integrate acquired businesses, need for additional financing, high degree of leverage, granting of rights to acquire certain portions of the acquired company's or operations, variable economic conditions, as well as restrictions imposed by existing debt and future payment obligations.

For more information contact Mike, CIO at 704-547-7090.