Greystone Logistics Inc. (GLGI)

[MrT11]

I have not sold any shares, How about you?
40,000 unit purchase order. New mold in full production with in 2 months..

“For the past several months, Greystone has been preparing for expected growth in our heavy duty pallet sales”, stated Warren Kruger, CEO. Kruger continued, “The costs associated with this effort has had an impact on our reported earnings. As discussed previously, our new generation lighter-weight 100% recycled plastic 48x40 pallet that hits weight requirements with OSHA has been given high marks at many testing facilities in the U.S. and based on that testing, we have just received an initial 40,000-unit purchase order. A new enhanced mold that is expected to be in full production within two months is on order. To meet expected demand, Greystone has ordered an additional injection molding machine which should be operational in about March 2016. This new machine will be manufacturing the new generation 48X40 pallet. Greystone’s plastic tolling services to TriEnda Holdings, LLC are expected to be in full production within the next month which will provide additional revenue. We are continuing to broaden our base of products and customers to enhance our growth in the future.”