Express Capital Concepts, Inc. Announces Filing of a Registration Statement Relating to its Merger with Greystone Technology, Inc.

DENVER--(BUSINESS WIRE)--Oct. 22, 1998--Express Capital Concepts, Inc. (OTC BB:EXCC) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to the merger of Express Capital and GreyStone Technology, Incorporated.

In the merger, GreyStone will become a wholly-owned subsidiary of Express Capital and the former shareholders of GreyStone will receive one share of Express Capital common stock for each share of GreyStone common stock held by them. There will be a 1-for-41.66667 reverse stock split of the common stock of Express Capital outstanding prior to the merger, and after the merger and the reverse stock split, the former shareholders of GreyStone are expected to own approximately 97% of the outstanding shares of Express Capital common stock. In connection with the merger, Express Capital's name will be changed to "GreyStone Digital Technology, Inc." The offering will be made only by means of a prospectus.

The consummation of the merger between Express Capital and GreyStone is conditioned upon receipt of necessary governmental approvals, including effectiveness of the registration statement, obtaining GreyStone's shareholders vote in favor of the merger and satisfaction of all other conditions, which is expected to occur on or before January 31, 1999.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether the merger will be completed in the time expected, if at all, whether GreyStone's shareholders will vote for the merger and whether the other conditions to the merger will be satisfied. Actual results may differ materially from those discussed in such forward-looking statements.