-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S3CAbEFf80f/7hWs2hNKhKV5U5+DnJqu6k7DrFgryrcT4+3tD4XlHvG1N1UPwBAi iHdBZZOgRadW0vyLm1JZ2Q== 0001072613-06-001624.txt : 20060731 0001072613-06-001624.hdr.sgml : 20060731 20060728183252 ACCESSION NUMBER: 0001072613-06-001624 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060727 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060731 DATE AS OF CHANGE: 20060728 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GREYSTONE LOGISTICS, INC. CENTRAL INDEX KEY: 0001088413 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 752954680 FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26331 FILM NUMBER: 06989105 BUSINESS ADDRESS: STREET 1: 1613 EAST 15TH STREET CITY: TULSA STATE: OK ZIP: 74120 BUSINESS PHONE: 918-583-7441 MAIL ADDRESS: STREET 1: 1613 EAST 15TH STREET CITY: TULSA STATE: OK ZIP: 74120 FORMER COMPANY: FORMER CONFORMED NAME: PALWEB CORP DATE OF NAME CHANGE: 19990610 8-K 1 form8-k_14512.txt GRESTONE LOGISTICS, INC. FORM 8-K ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION ------------------------------ WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JULY 27, 2006 GREYSTONE LOGISTICS, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) OKLAHOMA 000-26331 75-2954680 (STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER OF INCORPORATION) IDENTIFICATION NO.) 1613 E. 15TH, TULSA, OKLAHOMA 74120 (Address of principal executive offices) (Zip Code) (918) 583-7441 (Registrant's telephone number, including area code) NOT APPLICABLE (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ================================================================================ ITEM 7.01. REGULATION FD DISCLOSURE. On July 27, 2006, the registrant announced that it was preparing to enter the plastic pallet lease pool market. A copy of the press release is attached to this report as Exhibit 99.1 and is being furnished pursuant to Regulation FD. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. 99.1 Press Release dated July 27, 2006. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GREYSTONE LOGISTICS, INC. Date: July 28, 2006 By: /s/ Warren F. Kruger ----------------------------- Warren F. Kruger Vice Chairman EX-99.1 2 ech99-1_14512.txt PRESS RELEASE DATED JULY 27, 2006 EXHIBIT 99.1 ------------ GREYSTONE LOGISTICS PREPARES TO ENTER THE PLASTIC PALLET LEASE POOL MARKET Tulsa, OK - July 27, 2006 - Greystone Logistics, Inc. (OTCBB: GLGI ) announced today that Advanced Fiber Products (AFP) of La Crosse, Wisconsin and Greystone have agreed to launch a beta test program involving the lease of a small pool of recycled plastic pallets by Greystone to AFP to be utilized by AFP to ship a portion of its manufactured products in a closed loop system. Greystone will deliver and track throughout the logistics cycle sufficient quantities of plastic pallets for use in shipping a segment of the AFP fiberglass product. The pallets will stay in a closed loop environment and be continually sent back for reuse. If a pallet is damaged, Greystone will grind the pallet and reutilize the resin. Pallets are used by manufacturers and producers to ship a broad range of products. Over 2 billion pallets are in circulation on a daily basis in the U.S. with over 100 million wooden pallets in lease pools. "The trend is to outsource the logistical portion of the shipment process. A segment of the supply chain wants an affordable alternative to leased wood pallets that provides consistency and standardization of the platform while being environmentally friendly. Wood pallets have historically been the norm because of the expense of a plastic pallet and the fear of loss of the asset, stated Warren Kruger, Vice Chairman of Greystone. "Closed loops that prevent leakage of the pallet out of the system are perfect candidates for a plastic pallet lease pool. We are pleased to have this initial lease pool opportunity with AFP. Plastic pallets are more hygienic, consistent and durable than wood pallets." Kruger continued, "We plan to work vigorously with AFP to ensure that we successfully meet its needs with this initial lease pool and that we have a firm grasp on the tracking and accounting systems necessary for the potential rollout of larger plastic pallet lease pools." Forward-Looking Statements 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 or lease 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, 2005, which was filed on September 15, 2005. CONTACT: Warren F. Kruger, Vice Chairman Corporate Office 1613 East 15th Street Tulsa, Oklahoma 74120 (918) 583-7441 (918) 583-7442 www.greystonelogistics-glgi.com -----END PRIVACY-ENHANCED MESSAGE-----