TULSA, OK - December 10, 2013 - Greystone Logistics, Inc. (OTCQB: GLGI) announced the company recently manufactured and shipped recycled plastic pallets to various sites in the Anheuser Busch system as part of a pallet test and product evaluation.
"Greystone is pleased that Anheuser Busch has purchased pallets to supplement their existing plastic pallet pool," stated Warren Kruger, CEO. "These pallets will be evaluated during a testing phase to ensure utilization characteristics that conform to the manufacturing and distribution processes of Anheuser Busch. The Greystone pallet design uses100% recycled plastic, has a long life cycle, can be recycled, has substantial racking strength and has the best coefficient of friction in the plastic pallet industry."
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 Greystone and its products, see Greystone's Form 10-KSB for the year ended May 31, 2013.
Greystone Logistics is a "Green" manufacturing and leasing company that reprocesses and sells recycled plastic and designs, manufactures, sells and leases 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, 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.
Warren F. Kruger
1613 East 15th Street
Tulsa, Oklahoma 74120
(918) 583-7442 (FAX)
SOURCE: Greystone Logistics, Inc.