Doug Tozer Acquires Common Shares of Wheels Group Inc.


TORONTO, ONTARIO--(Marketwire - Jan. 11, 2012) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR THROUGH U.S. NEWSWIRE SERVICES

Mr. Doug Tozer (5090 Obiter Drive, Mississauga, ON, L4W 5B5) announced today that on January 10, 2012, pursuant to a non-brokered private placement (the "Transaction"), he acquired control over 2,000,000 common shares (the "Purchased Shares") of Wheels Group Inc. ("Wheels"), formerly Greenfield Financial Group Inc., representing approximately 2.3% of the current issued and outstanding common shares of Wheels, after giving effect to the Transaction. The Purchased Shares were acquired for investment purposes at a price of $1.00 per share.

1,000,000 of the Purchased Shares were purchased through a holding corporation that is 100% owned by Mr. Tozer, 1276004 Ontario Ltd. ("127"). The balance of the Purchased Shares were purchased through a trust (the "Trust") in which Mr. Tozer is one of three trustees. According to the deed of settlement for such Trust, decisions with respect to trust property (including the Purchased Shares) must be approved by a majority vote of the trustees. The Trust, 127 and Mr. Tozer, in his personal capacity, are hereinafter collectively referred to as the "Tozer Entities". The Tozer Entities may acquire additional shares of Wheels in the future, but have no current intention to do so.

Following the completion of the Transaction, the Tozer Entities have ownership or control over an aggregate of 68,120,330 common shares of Wheels, representing approximately 77.8% of those issued and outstanding (with 32,417,485 of such common shares of Wheels, representing approximately 37.0% of those issued and outstanding, being those shares which are not owned by the Tozer Entities, but which are subject to the Voting Trust Agreement (as hereinafter defined), as described below). Of such shares, 33,922,022 common shares of Wheels (representing approximately 38.7% of those issued and outstanding) are owned either by Mr. Tozer, in his personal capacity, or by 127, with the remaining 1,780,823 common shares of Wheels (representing approximately 2.0% of those issued and outstanding) being held by the Trust.

Mr. Tozer also holds options to purchase up to 1,407,798 additional common shares of Wheels at an exercise price of $1.16 per common share for a period of five years from the date of issue of such options. Assuming the full exercise of such options, the Tozer Entities would own or control 69,528,128 common shares of Wheels, representing 78.2% of those issued and outstanding calculated on a partially diluted basis assuming the exercise of such options.

The Tozer Entities have not acted jointly or in concert with any other persons in acquiring securities of Wheels.

Shareholders that hold approximately 32,417,485 shares of Wheels (the "Trust Shares") have agreed, pursuant to a voting trust agreement dated December 31, 2011 (the "Voting Trust Agreement"), to vote such Trust Shares in accordance with the instructions of Mr. Tozer for a period of 5 years, subject to earlier termination on certain conditions. The Trust Shares represent approximately 37.0% of the current issued and outstanding common shares of Wheels.

An Early Warning Report in respect of the foregoing has also been filed and is available under the profile of Wheels at www.sedar.com.

This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

Contact Information:

Doug Tozer
905.602.2776

GlobeNewswire