Grey Horse Capital Reports 1st Quarter Earnings

From: CCNMatthews Newswire | Date: November 16, 2005 | Copyright information

TORONTO, ONTARIO--(CCNMatthews - Nov. 16, 2005) - Grey Horse Capital Corporation (TSX VENTURE:GHC) ("Grey Horse Capital" or "the Corporation"), a financial services company headquartered in Canada, today reported its first quarter results for the period ended September 30, 2005 ("first quarter F2006").

Revenue for the first quarter F2006 was $1,496,665(1) derived from its wholly-owned subsidiary, Equity Transfer Services Inc. ("Equity"). Net income for the quarter was $178,246 or $0.06 per share and Cash Flow from Operations was $329,235 or $0.11 per share.

On December 2, 2004 Grey Horse ...

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