TOLEDO, Ohio, May 17, 2005 (PRIMEZONE) -- Greyfield Capital (Pink Sheets:GRYF) announces the company attained record revenue and profit for the quarter ending in April 2005. Revenues for the last three months totaled $210,361 with a net profit of $59,619.
This is a record for revenue and profit growth in the history of the company and the organization. Profit margins are at an all time high of 28%.
In addition, management is streamlining operations and the company should be able to achieve an additional increase of profit margins from this alone of 2-3 percentage points.
The company will seriously consider acquisitions and/or expansion as a way in which to increase revenues and profit.
Greyfield Capital is quoted on NQB Pink sheets as "GRYF."
About Greyfield Capital
Canadian Autorama (http://www.theAutorama.com), 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.
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.