Grey Island Systems Named One of Canada's Fastest Growing Companies by PROFIT Magazine



    TORONTO, June 5 /CNW Telbec/ - Grey Island Systems International Inc.
(TSX VENTURE: GIS), a leading provider of real-time vehicle tracking,
telematics and predictive arrival systems, today announced that it has been
recognized in the 19th annual PROFIT 100 ranking of Canada's Fastest-Growing
Companies.
    Achieving 1752 percent sales growth over the past five years, Grey Island
ranked 33rd overall in the 2007 ranking. Grey Island attributes its impressive
growth to dedicated staff, reliable business partners and a sound business
strategy combined with effective execution, enabling Grey Island to become a
leading supplier of real-time vehicle tracking systems for the Government
market place.
    "Grey Island is honoured to be included in the upper tier of the fastest
growing companies in Canada" said Owen Moore, President Grey Island. "Grey
Islands listing on the PROFIT 100 is a testament to the company's impressive
revenue growth during the last five years, and more over, a testament to the
extensive adoption of the NextBus(R) and InterFleet(R) products in the
Government market place both in Canada and the United States."
    Ranking Canada's Fastest-Growing Companies by five-year revenue growth,
the PROFIT 100 profiles the country's most successful growth companies.
Published in the June issue of PROFIT and online at PROFITguide.com, the
PROFIT 100 is Canada's largest annual celebration of entrepreneurial
achievement.
    "PROFIT 100 companies are the new heroes of Canadian business, stated Ian
Portsmouth, editor of PROFIT: Your Guide to Success. They are creating jobs at
home and products used around the world. They've accomplished this by building
great employee teams, exploited export markets and rapidly responding to the
customer's fast-changing needs".

    About Grey Island

    Grey Island Systems International Inc. (TSX VENTURE: GIS), through its
subsidiaries NextBus Inc. in Alameda, California, InterFleet, Inc. in New
York, New York and Grey Island Systems, Inc in Toronto, Canada, 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.

    About PROFIT Magazine

    PROFIT: Your Guide to Business Success, offers news, strategies, tips,
interviews and other resources to entrepreneurs leading Canada's
fastest-growing companies. Each year PROFIT - which currently reaches more
than 300,000 readers nationally - hosts a number of events that bring together
business leaders in the fast-growth segment and champions the interests if
those leaders. PROFIT was founded in April 1982 as Canada's first national
magazine geared to entrepreneurs. Visit PROFITGuide.com.

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




For further information:

For further information: Grey Island Systems Inc.: Owen Moore, (416)
348-9991, (416) 348-9993 (FAX), information@interfleet., www.interfleet.com;
Renmark Financial Communications Inc.: John Boidman,
jboidman@renmarkfinancial.com; Michael Shore, mshore@renmarkfinancial.com;
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com

Organization Profile

GREY ISLAND SYSTEMS INTERNATIONAL INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890