CALGARY, AB - (February 20, 2007) - Grayling Wireless USA, Inc. (Pink Sheets: GRYW) is pleased to announce the completion of an agreement with its principal lender, Peers Foster Kristiansen (PFK) of Calgary, Alberta. This agreement secures additional funding of $CA 2,000,000 in conjunction with the company’s previously arranged operating lines-of-credit, and includes an option to convert the new principal, and accrued interest thereon, to Grayling common stock at the conversion price of $US 0.45 per share.

Jeff Love, CEO of Grayling Wireless U.S.A. Inc., stated that “The completion of this new extension to our credit facilities with PFK secures our ability to continue and, in key strategic areas, accelerate the pace of forward progress across our three operating divisions: Radio Communications, Software and GPS Communications. On behalf of all shareholders I would like to express our profound appreciation to PFK, and its related group of companies, for their continuing confidence. It is directly attributable to PFK’s support that we have been empowered to build and acquire a solid and diverse portfolio of businesses under the Grayling banner, all of which either generate or have the near-future potential to generate high-earnings revenue streams with a sustainable growth profile many years into the future”.

About GRYW:

Grayling, based in Calgary, Alberta, is an innovator and integrator of emerging technologies. Our goal is to seek out and evaluate growth opportunities, including mergers and acquisitions that add incremental shareholder value, extend the company’s market share and add to its technical competencies. Grayling will continue to bring market-ready technologies and services to its markets. For further information, visit www.gryw.com

For further information on:
ClearCalm™, visit www.clearcalm.com
Stone Mountain, visit www.stonemountainltd.com
Sentai, visit www.sentai.com
***
For further information contact:
Jeff Love
Chief Executive Officer
Grayling Wireless USA, Inc.
P: 403.695.3665
jeff.love@gryw.com

This press release contains forward-looking statements within the definition of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision.

Labels: Grayling Wireless Inc., GRYW, Peers Foster

This could be big. Today Grayling Wireless Inc. (OTC PK: GRYW) announced that it has partnered with Cognos Inc. (Nasdaq: COGN), a global leader in business intelligence and performance planning software.

Cognos has been in business since 1969 and has approximately 23,000 customers in more than 135 countries. The company also has customers in EVERY industry sector and a vast distribution network made up of thousands of partners, resellers, and direct sales personnel.

The plan here for Grayling's Sentai software subsidiary to integrate the world-renowned Cognos tools into its TRAX and PinPoint for release later this spring.

Success here could lead to a huge uptick in Sentai's sales, which according to the company are very steady at this point in time. Only time will tell if today's news will make an impact on the bottom line. We are guessing it will.

Labels: Cognos, Grayling Wireless, Grayling Wireless Inc., GRYW