SOURCE: Greystone Logistics, Inc.

June 11, 2008 06:00 ET

Greystone Logistics Announces Purchase Order With Miller Brewing

TULSA, OK--(Marketwire - June 11, 2008) - Greystone Logistics (OTCBB: GLGI) recently received an annual purchase order from Miller Brewing for 100% recycled plastic shipping pallets for the eighth consecutive year. The order volume is an 8% increase over the previous year.

"We are proud to provide Miller Brewing all their case goods pallets," said Warren Kruger, CEO of Greystone Logistics. "Miller was an early adaptor of recycled plastic pallets and is a leader in promoting sustainability across the world. Other efforts are being made to reduce wood usage. We are now focusing our efforts on the previously announced 100% recycled plastic keg pallet which has tested extremely well in their breweries and will be ready for production soon."

Greystone Logistics is a rapidly growing manufacturing and leasing company that designs, manufactures, sells and leases high quality pallets made from recycled plastic that provide logistical solutions needed by a wide range of industries such as the food and beverage, automotive, chemical, pharmaceutical and consumer product industries. Greystone's technology, including that used in its injection molding equipment, proprietary blend of recycled petrochemical resins and patented pallet designs allow production of high quality pallets at a lower cost than competitors. Greystone utilizes post industrial and consumer scrap such as plastic barrels, milk jugs, plastic shavings, flowerpots and car bumpers. The recycled plastic for its pallets helps control material costs while reducing environmental waste. Using recycled plastic instead of wood helps prevent deforestation and provides cost advantages over users of virgin plastic resin.

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 May 31, 2007. For additional information in relation to Greystone and its products see Form 10-QSB for period ended February 29, 2008.

Contact Information