TULSA, OK--(Marketwire - Jan 11, 2012) - Greystone Logistics Inc. (OTCBB: [ GLGI ]), announces that the company has received a million dollar purchase order for their IBC (Intermediate Bulk Container) pallet made of 100% recycled plastic.

Warren Kruger, company CEO, commented, "This order continues the company's string of good news from our sales force and adds to our backlog for this product line. We just started marketing this pallet in the last few months and sales for the IBC pallet are already almost 15% of last year's total pallet sales. We have ordered an additional mold that will expand our production capacity for this pallet line in anticipation of continued opportunities."

About Greystone Logistics

Greystone Logistics is a green manufacturing company that sells and leases high quality 100% recycled plastic pallets. The company provides logistical solutions needed by a wide range of industries such as food and beverage, automotive, chemical, pharmaceutical and consumer products. 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 lower costs than many processes. The recycled plastic for its pallets helps control material costs while reducing environmental waste and provides cost advantages over users of virgin resin. Excess polyethylene not used in production of pallets is reprocessed for resale.