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NEWS: GRYF to move to OTCBB

Greyfield Appoints KPMG Auditor; Initiates Procedures for OTCBB Listing

Greyfield Capital, Inc. (Pink Sheets:GRYF) has appointed KPMG as auditor for its operations in Canada. KPMG is recognized globally as one of the top accounting firms in the world. Both Greyfield and KPMG are committed to a structure of corporate social responsibility. Additional information about KPMG is available at their website, http://www.KPMG.com.

Greyfield is setting a higher standard for pink sheet stocks. Voluntarily, the company is having its revenue and profit numbers audited by one of the top accounting firms in the world.

Since the audit by KPMG is already in progress, management will release all financial data once the audit is complete. In addition, having financial statements audited is a requirement to be listed on the OTCBB. After completion of the audit, Greyfield will file the necessary paperwork for its Canadian operations to be listed on the OTCBB.

New management of Greyfield is committed to having an open relationship with all of its shareholders.

About Greyfield Capital

Canadian Autorama is the Canadian subsidiary of Greyfield Capital and 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.

About KPMG

KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 148 countries and have around 6,500 partners, 70,000 client service professionals, and 17,000 administration and support staff working in member firms around the world.

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.

Greyfield Capital, Inc.
O' Bell, 415-738-6950
[e-mail]


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