Profits up at Greystone

Greystone Logistics, Inc., announced today unaudited results for the quarter ended August 31.

Operating profit for the quarter ended August 31, 2007 was $458,521 with net income before preferred dividends of $176,604. Net income available to common shareholders after preferred dividends was $31,672 compared to a net loss for the three months ended August 31, 2006 of $542,282.

Sales were $5.6 million for the quarter ending August 31 compared to $3.9 million for the same period last year, an increase of 44 percent.



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