Greyfield Completes Reverse Merger With Autorama

TOLEDO, Ohio--May 9, 2005--Greyfield Capital (PINK SHEETS:GRYF) has acquired 100% ownership of Canadian Autorama (http://www.theAutorama.com), 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.

Autorama maintains a full time staff which is on call 24 hours a day, 7 days a week, 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 a number of additional information. 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."