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Greyfield Reports Record Revenue and Profit for June; 838% Revenue Increase and 551% Increase in Profit

KAMLOOPS, British Columbia--July 22, 2005--Greyfield Capital, Inc (Pink Sheets:GRYF) has achieved record revenue and profit growth for the month of June 2005. Revenues increased to $112,313 and profits climbed to $20,354. From June 2004 to June 2005, revenues increased by 838% and profits increased by 551%.

Additionally, Greyfield has also announced the opening of two new dealerships. One of these new dealerships will immediately be adding revenue and profits for the month of July 2005.

Greyfield believes that revenues and profits would have been even higher if the company had proper management in place. This has now been rectified with the resignation of old management and the appointment of new management.

The company has achieved phenomenal growth in revenue and profits in the last year and this trend is continuing at an accelerated rate.

These numbers are unaudited. Audited numbers should be released in August.

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

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

About Greyfield Capital

Canadian Autorama is a highly profitable, fast growing premium automobile dealership in Canada. Canadian Autorama has been in operation for the last three 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.