GRYF - Greyfield Retiring 10,000,000 Shares

Greyfield Retiring 10,000,000 Shares Monday May 16, 8:00 am ET Quarterly Figures to be Released Today at Close of Market

TOLEDO, Ohio, May 16, 2005 (PRIMEZONE) -- Greyfield Capital, Inc. (Other OTC:GRYF.PK - News), 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.

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