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Tulsa-based Greystone Logistics, Inc. The gross profit margin was Yet due to the unquenched demand for our great product line genetally recycled plastic shipping pallets and our extremely dedicated and fantastic employees, we forged through the market headwinds.
We then unexpectedly received a purchase order from a major beer customer with an expectation of additional volume.
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The limitations on employment as a result of the virus appear to be waning as a result of the introduction of vaccines to protect against COVID, but it is too early to confirm especially with the introduction of the recent variants of the virus. Management is optimistic, but the longer the virus or its variants stays active, the greater the uncertainty.
The Company's technology, including a proprietary blend of recycled plastic resins used in the injection molding equipment and patented pallet designs, allows production of high-quality pallets more rapidly and at lower costs than many other processes. 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 the Company and its products, see Greystone Logistics' Form K for the fiscal year ended May 31, Greystone Logistics, Inc.]
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