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Prospector
Profile
07.1484
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| Greystone Logistics, Inc. |
NAICS |
325991 |
| 1613 East 15th St.
Tulsa, OK 74120 |
Description |
Plastic Pallets Mfg. |
| (918) 583-7441 |
Employees |
75 |
| http://www.palweb-plwb.com/ |
Revenue |
(mil) |
12.4500 |
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Income |
(mil) |
-2.6000 |
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Assets |
(mil) |
8.8200 |
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Liability |
(mil) |
18.6500 |
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(for the year ended 2007-05-31) |
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Category:
Loss/Deficit
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Event:
Greystone Logistics Inc.'s consolidated balance sheet at Aug. 31, 2007, showed $9,018,176 in total assets and $18,817,760 in total liabilities, resulting in a $9,799,584 total shareholders' deficit. The Company reported net income of $176,604 on sales of $5,597,211 for the first quarter ended Aug. 31, 2007, compared with a net loss of $401,378 on sales of $3,881,134 for the same period last year.
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Intellectual Property:
Greystone has access to a patent-pending CJ2™ fire retardant formula licensed from Westgate Capital Company LLC, in connection with the potential production of fire retardant plastic pallets. Pallets produced with CJ2™ fire retardant have met UL 2335 classification requirements with respect to fire retardancy. [SEC Filing 10-KSB 08-29-07]
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Description:
The Company, through its wholly owned subsidiaries, engages in the manufacture and sale of recycled plastic pallets primarily in the U.S..
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Officers:
Warren F. Kruger (Vice Chair, Pres. & CEO); Robert H. Nelson (CFO); Robert B. Rosene, Jr. (Dir.)
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Auditor:
Murrell Hall Mcintosh & Co. PLLP
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Securities:
Common Stock Symbol GLGI.OB; OTC BB;
26,061,201 common shares outstanding as of Oct. 10, 2007
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