Grey Horse Corporation

Grey Horse Corporation

September 27, 2005 10:44 ET

Grey Horse Announces New Channel Partnership

TORONTO, ONTARIO--(CCNMatthews - Sept. 27, 2005) - Grey Horse Capital Corporation (TSX VENTURE:GHC) ("Grey Horse Capital" or "the Corporation"), is pleased to announce that it's subsidiary, Equity Transfer Services Inc. ("Equity Transfer"), has entered into an exclusive channel partnership with XPI Innovations Inc. ("XPI") that provides Equity Transfer customers with unlimited access to DisclosureNet. DisclosureNet is XPI's proprietary, on-line solution for assisting corporate financial professionals, lawyers, accountants and investors with the research and preparation of security filings. The agreement also allows Equity Transfer to market DisclosureNet to the legal community.

"We are very pleased to offer this powerful productivity tool to our client base and to the legal community" states Kevin D Reed, President and CEO of Grey Horse Capital. "The roll-out of the CCNMatthews partnership, our first, has gone well and we are confident in our ability to successfully launch the DisclosureNet partnership as well."

DisclosureNet is a powerful search technology designed to rapidly scan security filing repositories, such as SEDAR and EDGAR, and -- in seconds -- retrieve relevant information on a wide variety of topics from any document filed by a public company or mutual fund. Searches are both text- and category-based providing the user with real-time access to even the most obscure and difficult-to-find references.

The business arrangement between the two companies has a five-year renewable term and is exclusive to Equity Transfer in the transfer agency industry.

"DisclosureNet is a great tool for public companies and will save CFOs and corporate secretaries countless hours in their intelligence-gathering duties," stated Stephen Headford, Vice-President of Business Development at Equity Transfer. "The product also represents an innovative step for our company and will become an important part of the Equity Transfer product offering as we grow the customer base."

About Grey Horse Capital Corporation

Grey Horse Capital, through its wholly owned subsidiary, Equity Transfer Services Inc., provides transfer agent services to issuers in the North American capital markets. As at September 27, 2005 Grey Horse Capital had 3,133,327 common shares issued and outstanding.

About XP Innovations Inc.

XP Innovations Inc. specializes in developing online solutions that assists corporate financial professionals, accountants, lawyers and investors with the research and preparation of disclosure documents filed by publicly traded companies. With its flagship service DisclosureNet, users are able to perform targeted searches on millions of disclosure documents and quickly retrieve relevant information on a wide variety of topics relating to note disclosure, reporting requirements, governance issues and Sarbanes-Oxley applications.

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.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • Grey Horse Capital
    Kevin Reed
    President and CEO
    (416) 361-0930 ext. 271
    Grey Horse Capital
    Paul Smith
    EVP and CFO
    (416) 361-0930 ext. 270