Tulsa-Based Greystone Logistics, Inc. Announces the Signing of an Agreement to Provide New Generation 48x40 Plastic Pallets f...
11 Enero 2016 - 5:00AM
Marketwired
Tulsa-Based Greystone Logistics, Inc. Announces the Signing of
an Agreement to Provide New Generation 48x40 Plastic Pallets for a
National Provider of Lease Pool Services
TULSA, OK-(Marketwired - Jan 11, 2016) - Tulsa-based Greystone
Logistics, Inc. (OTCQB: GLGI) announces the signing of an agreement
to provide new generation 48x40 plastic pallets for a national
provider of lease pool services.
"Greystone signed a multi-year contract that will expand the
previously announced 40,000 pallet purchase order," stated Warren
Kruger, CEO. Kruger continued, "The expected new generation mold
has recently arrived and will soon be in full production. The first
components of an additional injection-molding machine, which should
be operational in about March 2016, are currently being delivered.
This machine will be dedicated to the new customer. We anticipate
that this new contract will have a positive impact on top line
sales and generate margins in line with expectations. We foresee
the need for additional molds later in the year for this customer.
A significant amount of time, planning, testing and capital has
been expended on this project. This undertaking was accomplished
due to the energy and patience of our dedicated and knowledgeable
employees."
About Greystone Logistics, Inc.
(http://www.greystonelogistics.com): Greystone Logistics is a
"Green" manufacturing and leasing company that reprocesses and
sells recycled plastic and designs, manufactures, sells high
quality 100% recycled plastic pallets that provide logistical
solutions needed by a wide range of industries such as the food and
beverage, automotive, chemical, pharmaceutical and consumer
products. The Company's technology, including that used in its
injection molding equipment, proprietary blend of recycled plastic
resins and patented pallet designs, allows production of high
quality pallets quickly and at lower costs than many processes. The
recycled plastic for its pallets helps control material costs while
reducing environmental waste and provides cost advantages over
users of virgin resin. Excess plastic not used in production of
pallets is reprocessed for resale.
Forward-Looking Statements This press release includes certain
statements that may be deemed "forward-looking statements" within
the meaning of the federal securities laws. All statements, other
than statements of historical facts that address activities, events
or developments that the Company expects, believes or anticipates
will or may occur in the future, including the potential sales of
pallets or other possible business developments are forward-looking
statements. Such statements are subject to a number of assumptions,
risks and uncertainties, including the ability of the Company to
continue as a going concern. Actual results may vary materially
from the forward-looking statements. For a list of certain material
risks relating to the Company and its products, see Greystone
Logistics' Form 10-K for the fiscal year ended May 31, 2015.
CONTACT: Greystone Logistics, Inc. Website:
http://www.greystonelogistics.com Phone: (918) 583-7441 Email:
investorrelations@greystonelogistics.com
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