Greyfield Retiring 10,000,000 Shares

Quarterly Figures to be Released Today at Close of Market

Herndon, Virginia, UNITED STATES


TOLEDO, Ohio, May 16, 2005 (PRIMEZONE) -- Greyfield Capital, Inc. (Pink Sheets:GRYF), announces today that the company is retiring 10,000,000 shares of its common share float.

Also, at the close of the market today, Greyfield Capital will be announcing its record quarterly revenue figures.

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

About Greyfield Capital, Inc.

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 Western 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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