Greyfield Sells Franchising Rights for Canada to Slateco International Group

KAMLOOPS, British Columbia--July 25, 2005--Greyfield Capital, Inc. (Pink Sheets:GRYF) has sold franchising rights in Canada to Slateco International Group. The terms of the transaction are as follows:

    1   Greyfield receives 200,000,000 shares of stock in Slateco with
        anti dilution rights

    2   Greyfield receives $33,000 for each franchise automobile
        dealership in population centers with 50,000-99,999 people,
        $66,000 for each with 100,000-199,999 people and $99,000 for
        each franchise in population centers with 200,000+ people

    3   Greyfield receives 3.57% of gross sales for each franchise
        dealership

    4   Greyfield has right of first refusal for all automobile and
        consumer financing for each franchise dealership

    5   Greyfield maintains database of all customer names, addresses
        and telephone numbers

    6   Greyfield will provide accounting/billing software, sales
        support and technical assistance

    7   If Slateco does not franchise a minimum of 5 dealerships per
        year, Greyfield shall have the right to dissolve the
        partnership and resell franchising rights to another company
        and shall keep the 200,000,000 shares of stock.

Greyfield shall continue to open its own dealerships throughout Canada and eventually the United States. Slateco International shall be responsible for managing the franchising part of the business in Canada only.

Information on Slateco International Group can be found at http://finance.yahoo.com/q?s=sltj.pk

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

The company is located in Western Canada not Central Canada. Website will not be active during redesign.

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

About Greyfield Capital

Canadian Autorama is a profitable, fast growing automobile dealership in Canada. Canadian Autorama has been in operation for the last 3 years and has experienced strong growth.

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.