Grey Island Systems International Inc. Announces the Grant of an Option

    TORONTO, Jan. 10 /CNW Telbec/ - Grey Island Systems International Inc.
(TSX-V: GIS) (the "Corporation") announces that it has granted to an executive
officer of the Corporation an option to purchase 100,000 Common Shares of the
Corporation at an exercise price of $0.33 per share, which options will expire
on January 9, 2013.

    About Grey Island Systems International Inc.

    Grey Island Systems International Inc., through its subsidiaries NextBus
Inc., in Alameda, California and InterFleet, Inc., in New York, New York, is a
technology leader providing custom real-time GPS/AVL, security and telematics
solutions as well as real-time passenger information systems to government and
related fleets. To find out more about our products and services, visit our
websites at www.interfleet.com or www.nextbus.com.

    THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
    OR ACCURACY OF THIS RELEASE.

For further information: Owen Moore, President, [phone] ext. 203,
Facsimile: [phone], [e-mail]; Renmark Financial
Communications Inc.: John Boidman, [e-mail]; James
Buchanan, [e-mail]; [phone], Fax: [phone],
www.renmarkfinancial.com