Greyfield Acquires 100 Percent Ownership of Highly Profitable, Fast Growing, Premium Automobile Dealership in Canada

Herndon, Virginia, UNITED STATES

TOLEDO, Ohio, May 6, 2005 (PRIMEZONE) -- Greyfield Capital (Pink Sheets:GRYF) has acquired 100% ownership of Canadian Autorama (, a highly profitable, fast growing premium automobile dealership in Canada.

Canadian Autorama has been in operation for the last 3 years and has experienced explosive growth and is quickly becoming the largest automobile dealership in western Canada.

Canadian Autorama is managed by the prolific Mr. Dennis Hewins and his seasoned management team. Mr. Dennis Hewins has a number of years of experience in marketing and sales for a handful of multinational corporations. Using this extensive experience, Mr. Dennis Hewins has been able to successfully develop the Canadian Autorama concept into a thriving, highly successful automobile dealership with unlimited growth potential.

Canadian Autorama maintains a full time staff which is on call 24 hours a day, 7 days a week, and 365 days a year for all of their customers. The company also provides numerous additional add on services for their clients throughout Canada.

Canadian Autorama is pleased that the reverse merger was completed in a timely fashion and within the next few days there will be a number of press releases issued with exciting additional information regarding the company. The press releases will keep our shareholders up to date and help our shareholders realize significant value in their investments.

Greyfield Capital is quoted on NQB Pink sheets as "GRYF."

CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.


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