Greyfield to Release Second Quarter Results on May 16th; Ebay.com Marketing Program to Substantially Reduce Overhead Costs

Herndon, Virginia, UNITED STATES


TOLEDO, Ohio, May 10, 2005 (PRIMEZONE) -- Greyfield Capital, Inc. (Pink Sheets:GRYF) will release its second quarter results on Monday, May 16th, at 4:01 pm.

Greyfield just announced record results for the month of April. On Monday, with the release of 2nd Quarter results, Greyfield shall also inform shareholders on the updated business strategy for the company.

With the marketing program with Ebay.com (NasdaqNM:EBAY), overhead should be greatly reduced and there should be a substantial increase in sales for the following quarter.

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

About Greyfield Capital

Canadian Autorama (http://www.theAutorama.com) is 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 central Canada.

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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