Grey Island's NextBus announces $US 933,996 contract modification from San Francisco MTA

    TORONTO, Oct. 28 /CNW Telbec/ - Grey Island Systems International,
Inc.'s, ("Grey Island"), (TSX-V: GIS) wholly owned subsidiary NextBus Inc.
announced that it received a contract modification from San Francisco
Municipal Transportation Agency (SFMTA) that increases the total project value
by $933,996 to $12,386,607.
    The amount includes the addition of 360 Passenger Information Display
Signs, 7 Platform Signs and 50 "Push-To-Talk" Assemblies. In addition, the
modification extends NextBus real-time passenger information web hosted
services for 1,170 vehicles and the new total of 841 NextBus signs.
    "SFMTA is North America's leading public transit agency featuring
innovative, fleet-wide Real-Time Passenger Information" noted Lillian Chan,
COO of NextBus, Inc. "We are pleased to extend the value of the NextBus
service for all SFMTA riders." John Eaton, Chief Financial Officer of NextBus
added: "San Francisco transit riders overwhelmingly report that NextBus
improves their commute experience."
    "Elevated gas prices, a need for clean and green transportation, and the
cost of maintaining road and hi-way infrastructure are key factors which are
driving increased funding for technologies that improve the effeciency and
effectiveness of public transit." said Owen Moore, President Grey Island.

    About Grey Island

    Grey Island Systems International Inc., together with its subsidiaries
NextBus, Inc. in Alameda, California, InterFleet, Inc. in New York City, New
York is a leading provider of 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.nextbusnews.com.

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

For further information: Grey Island Systems International Inc.: Owen
Moore, [phone], [phone] (FAX), [e-mail];
www.interfleet.com; Renmark Financial Communications Inc.: John Boidman:
[e-mail]; Amelie Evangeliste:
[e-mail]; Montreal: [phone], Fax: (514)
939-3717; Toronto: [phone], Fax: [phone];
www.renmarkfinancial.com