Tulsa, OK, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Greystone Logistics, Inc. (OTCQB: GLGI) has commenced shipping pallets for a recently received $13.5 million purchase order to provide 100% recycled 48x40 plastic shipping pallets for a nationwide retailer at one of their U.S. warehouse distribution centers.
“Greystone is pleased to have the opportunity to continue to provide this highly respected worldwide corporation our recycled pallets” said Warren Kruger CEO of Greystone. “The retailer’s focus on recycled pallets demonstrates a commitment to environmental, social and governance standards. Companies are looking at sustainable solutions that provide for efficiencies in storage, safety, cleanliness, and longevity of product. The cost benefit of buying 100% recycled plastic pallets versus buying wood pallets is being recognized by businesses across the world. The value proposition with recycled plastic pallets is tangible and helps the circular economy as even broken recycled pallets can be ground and used again.”
About Greystone Logistics, Inc.
Greystone Logistics is a "Green" manufacturing company that recycles plastic and designs, manufactures and markets high-quality 100% recycled plastic pallets that provide logistical solutions needed by a wide range of industries such as food and beverage, agricultural, automotive, chemical, consumer products and pharmaceutical. The Company's technology, including that used in its injection molding equipment, proprietary blend of recycled plastic resins and 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 sent to landfill and provides cost advantages over users of virgin resin. More information is available on the company web site at www.greystonelogistics.com.
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 Greystone expects, believes or anticipates will or may occur in the future, including the potential sales of pallets, the improvement of operating results or other possible business developments, are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties. The forward-looking statements above could be affected by any of the following factors: Greystone's prospects could be affected by changes in availability of raw materials, competition, rapid technological change and new legislation regarding environmental matters. A material portion of Greystone's business is with a few large customers and there is no assurance that Greystone will be able to retain such customers. These risks and other risks that could affect Greystone's business are more fully described in its reports filed with the Securities and Exchange Commission, including Greystone's Form 10-KSB for the fiscal year ended May 31, 2020 or quarterly filings. Actual results may vary materially from the forward-looking statements. Greystone undertakes no duty to update any of the forward-looking statements in this release.
Contact:
Warren F. Kruger
CEO
Greystone Logistics
Corporate Office
1613 E 15th
Tulsa, OK 74120
www.greystonelogistics.com
918-583-7441 Office
