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Grey Horse Corporation

Grey Horse Corporation

April 03, 2005 10:00 ET

Grey Horse Capital & CCNMatthews Announce Five Year Channel Partnership





APRIL 3, 2005 - 10:00 ET

Grey Horse Capital & CCNMatthews Announce Five Year
Channel Partnership

TORONTO, ONTARIO--(CCNMatthews - April 3, 2005) -

Management anticipates increased sales and earnings commencing in fiscal
fourth quarter

Grey Horse Capital Corporation (TSX VENTURE:GHC) ("Grey Horse Capital")
is pleased to announce that its wholly owned subsidiary Equity Transfer
Services Inc., and CCNMatthews ("CCNM") today announced a strategic
channel partnership to identify business opportunities that leverage the
joint capabilities of both organizations.

The partnership allows Equity Transfer Services to package, market and
sell wire services as part of its suite of products and services to the
Canadian small to mid-market issuers. Management expects increased
revenues and earnings as a result of this partnership. The partnership
is part of Grey Horse Capital's objective to provide a bundle of
products and services to the issuers in North American markets, while
reducing overall costs and improving the quality of service to our
customer base.

"We are excited about this strategic alliance with Canada's most
respected wire service provider," notes Al Ringler, President of Equity
Transfer Services. "Equity Transfer Services and CCNM have a significant
combined list of customers that can benefit from our value added bundled
services and we continue to investigate new offerings that will enhance
our value proposition."

"Our service commitment includes examining strategic alliances and
additional service offerings that add value for our publicly traded
client base. We are confident this relationship presents a unique
bundled service offering for the small to mid-cap marketplace. We are
very happy to be working with Grey Horse Capital and Equity Transfer in
servicing this vital market segment."
Michael J. Nowlan, CEO CCNMatthews

About Grey Horse Capital Corporation

Grey Horse Capital, through its wholly owned subsidiary, Equity Transfer
Services Inc., provides transfer agent services to small and mid-market
issuers in the North American capital markets. As at February 28, 2005
Grey Horse Capital had 3,133,327 common shares issued and outstanding.

About CCNM Matthews

With offices across Canada and in the UK, CCNMatthews distributes news
and information to the media and investment communities in Canada and
around the world on behalf of our news-making clients. In 2004,
CCNMatthews distributed over 35,000 news releases, performed regulatory
filings to both SEDAR and EDGAR systems, and arranged conference calls
and webcasts for thousands of satisfied clients. CCNMatthews publishes
the Matthews Media Directories which are Canada's oldest and most
comprehensive source of media contact data for the public relations
industry. We also offer a web-based media contact database that offers
our clients access to one of the most comprehensive global media contact
systems through an innovative, intuitive interface. In 2004 we
successfully served over 3,000 active clients, and distributed over 55%
of the press releases issued by public companies in Canada

Please visit for information about the full array of
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Certain information included in this press release is forward-looking
and may involve risks and uncertainties. The results or events predicted
in these statements may differ materially from actual results or events.
Factors that might cause a difference include, but are not limited to,
competitive developments, risks associated with Grey Horse Capital's
growth, the state of the financial markets, regulatory risks and other
factors. Unless otherwise required by applicable securities laws, Grey
Horse Capital disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise. More detailed information about potential
factors that could affect Grey Horse Capital's financial and business
results is included in public documents Grey Horse Capital files from
time to time with Canadian securities regulatory authorities.


Contact Information

    Michael Nowlan
    (416) 941-6399
    Grey Horse Capital Corporation
    Kevin Reed
    (416) 361-0930
    Genoa Management
    Ali Mahdavi
    (416) 962-3300 ext. 225
    The TSX Venture Exchange has neither approved nor disapproved the
    contents of this press release.