posted
Greyfield Releasing Unaudited Financials on July 22 Thursday July 21, 12:22 pm ET
KAMLOOPS, British Columbia--(BUSINESS WIRE)--July 21, 2005--Greyfield Capital Inc. (Pink Sheets:GRYF - News) will be releasing its unaudited financials Friday, July 22. This will be followed up in mid- to late August with the release of the audited financials. New management of Greyfield is committed to having an open relationship with all of its shareholders.
posted
Greyfield Reports Record Revenue and Profit for June Friday July 22, 7:30 am ET 838% Revenue Increase and 551% Increase in Profit
KAMLOOPS, British Columbia--(BUSINESS WIRE)--July 22, 2005--Greyfield Capital, Inc (Pink Sheets:GRYF - News) 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."
posted
I do not get it.....so they sold 8 cars in a month? How is this phenomenal? Also in Canadian dollars. Is this a play just because people are playing it or because it's value at 100k a month is worth more than .003?
-------------------- If all goes well then great, if not, make it work.
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Greyfield Sells Franchising Rights for Canada to Slateco International Group
KAMLOOPS, British Columbia--(BUSINESS WIRE)--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.
-------------------- Pennies...Get in, Get out, Get a profit!
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posted
I like how they finally corrected that they are in BC, Western Canada, instead of Central. I wonder why they snuck that in and finally corrected it?
-------------------- If all goes well then great, if not, make it work.
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