SOURCE: Greystone Logistics, Inc.

March 11, 2008 07:00 ET

"Eye on America" Show to Feature Greystone Logistics

DEERFIELD BEACH, FL--(Marketwire - March 11, 2008) - The producers of "Eye on America" are pleased to announce that Greystone Logistics (OTCBB: GLGI) will be featured in an upcoming segment on Leading Developments of Sustainable Products and Practices for the 21st Century, as part of the show's series of segments on Eye on the Environment.

Greystone Logistics transforms 100% recycled plastic into highly durable shipping pallets. Pallets are vital for the transportation of goods worldwide and are primarily made of wood. In the United States, there are an estimated 2.0 billion pallets in circulation daily, and approximately 95% of these are wood pallets, which typically end up in landfills.

Transforming the pallet industry, Greystone Logistics is a high-growth manufacturing and leasing company that designs, manufactures, sells, rents, and leases high quality, 100% recycled plastic pallets. The pallets are created from a proprietary blend of recycled petrochemical resins sourced from post-industrial and post-consumer recyclables. These items are available from manufacturers, recyclers and landfill operators, thus providing Greystone Logistics with a substantial competitive advantage versus the increasing raw material costs of its virgin resin pallet competitors. In 2007 alone, Greystone used nearly 30 million pounds of recycled plastic in their production process.

Wood pallets have always presented industry users with operating challenges, such as breakage, damage to inventory, machinery, and inability to incorporate Radio Frequency Identification (RFID) tags effectively. Plastic pallets overcome these challenges and help control material costs while reducing environmental waste. Greystone Logistics' plastic pallets last significantly longer than wood, and at end of life, can be reground for reuse.

"Eye on America" will recognize Greystone Logistics as an innovator in the pallet industry and will highlight their unique approach to providing logistical, warehousing, and shipping solutions through recycled plastic pallets. "We provide solutions to a wide range of industries, including food and beverage, automotive, chemical and pharmaceutical markets," says Warren Kruger, President and CEO of Greystone Logistics. "We have become the leading pallet manufacturer in the beer industry with over 3 million patented recycled plastic pallets delivered to major customers. In the next five years, we intend to continue double digit growth in sales in manufacturing and leasing with exceptional return on assets."

If you would like more information about Greystone Logistics, please visit their website at www.greystonelogistics.com.

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 period ended November 30, 2007.

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