Greystone Logistics Inc. (GLGI)

[dffhogs]

The Registrant’s net income for the three-month period ended August 31, 2015 is expected to be approximately $48,396 compared to $352,673 for the three-month period ended August 31, 2014.



The Registrant’s net loss available to common shareholders for the three-month period ended August 31, 2015 is expected to be approximately $(91,315), or $(0.00) per share, compared $214,498, or $0.01 per share, for the three-month period ended August 31, 2014.



The decline in net income for the three-month period ended August 31, 2015 compared to the corresponding period in the prior year is primarily due to (1) an approximately $496,000 decrease in revenues and (2) a 5% increase in cost of sales to sales for the three-month period ended August 31, 2015 compared to the corresponding period in the prior year.