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Greystone Logistics Announces New Accounting and CFO Services Agreement with Forvis Mazars, LLP

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Greystone Logistics (OTCQB: GLGI), a manufacturer of recycled plastic pallets, has partnered with Forvis Mazars, LLP for accounting and CFO services. The agreement encompasses quarterly and annual public filing services along with CFO-level support. CEO Warren Kruger highlighted Forvis's expertise in public company reporting and financial management as key benefits for executing their growth strategy.

The company also confirmed the implementation of a mandatory 30-day waiting period for their previously announced stock buyback program, which will commence on December 20, 2024.

Greystone Logistics (OTCQB: GLGI), produttore di pallet in plastica riciclata, ha stretto una collaborazione con Forvis Mazars, LLP per servizi di contabilità e CFO. L'accordo comprende servizi di registrazione pubblica trimestrali e annuali, insieme a supporto a livello di CFO. Il CEO Warren Kruger ha evidenziato l'esperienza di Forvis nella redazione di rapporti per aziende pubbliche e nella gestione finanziaria come vantaggi chiave per l'attuazione della loro strategia di crescita.

L'azienda ha inoltre confermato l'implementazione di un periodo di attesa obbligatorio di 30 giorni per il programma di riacquisto di azioni precedentemente annunciato, che inizierà il 20 dicembre 2024.

Greystone Logistics (OTCQB: GLGI), un fabricante de palets de plástico reciclado, se ha asociado con Forvis Mazars, LLP para servicios de contabilidad y CFO. El acuerdo incluye servicios de presentación pública trimestral y anual, junto con apoyo a nivel de CFO. El CEO Warren Kruger destacó la experiencia de Forvis en la elaboración de informes para empresas públicas y en la gestión financiera como beneficios clave para implementar su estrategia de crecimiento.

La empresa también confirmó la implementación de un período de espera obligatorio de 30 días para su programa de recompra de acciones previamente anunciado, que comenzará el 20 de diciembre de 2024.

Greystone Logistics (OTCQB: GLGI), 재활용 플라스틱 팔레트를 제조하는 회사는 Forvis Mazars, LLP와 회계 및 CFO 서비스를 위한 파트너십을 체결했습니다. 이 계약은 분기 및 연간 공공 보고 서비스와 CFO 수준의 지원을 포함합니다. CEO인 워렌 크루거는 Forvis의 공공 기업 보고 및 재무 관리 전문성이 그들의 성장 전략 실행에 있어 주요한 이점이라고 강조했습니다.

회사는 또한 이전에 발표된 자사주 매입 프로그램에 대해 의무적인 30일 대기 기간을 시행할 것임을 확인했으며, 이는 2024년 12월 20일부터 시작됩니다.

Greystone Logistics (OTCQB: GLGI), un fabricant de palettes en plastique recyclé, a conclu un partenariat avec Forvis Mazars, LLP pour des services de comptabilité et de CFO. L'accord comprend des services de dépôt public trimestriels et annuels ainsi qu'un soutien de niveau CFO. Le PDG Warren Kruger a souligné l'expertise de Forvis en matière de reporting d'entreprise publique et de gestion financière comme des avantages clés pour mettre en œuvre leur stratégie de croissance.

L'entreprise a également confirmé la mise en place d'un délai d'attente obligatoire de 30 jours pour son programme de rachat d'actions précédemment annoncé, qui commencera le 20 décembre 2024.

Greystone Logistics (OTCQB: GLGI), ein Hersteller von recycelten Kunststoffpaletten, hat sich mit Forvis Mazars, LLP für Buchhaltungs- und CFO-Dienste zusammengetan. Die Vereinbarung umfasst vierteljährliche und jährliche öffentliche Einreichungsdienste sowie Unterstützung auf CFO-Ebene. CEO Warren Kruger hob die Expertise von Forvis in der Berichterstattung für öffentliche Unternehmen und im Finanzmanagement als wesentliche Vorteile für die Umsetzung ihrer Wachstumsstrategie hervor.

Das Unternehmen hat außerdem die Einführung einer obligatorischen 30-tägigen Wartefrist für sein zuvor angekündigtes Aktienrückkaufprogramm bestätigt, das am 20. Dezember 2024 beginnen wird.

Positive
  • Secured professional financial services partnership with established firm Forvis Mazars
  • Implementation of stock buyback program confirmed for December 20, 2024
  • Streamlined financial reporting processes through professional oversight
Negative
  • Additional expenses for outsourced CFO and accounting services

TULSA, Okla., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Greystone Logistics, Inc. (OTCQB: GLGI), a leading manufacturer of 100% recycled plastic pallets and other related products, today announced that it has entered into an agreement with Forvis Mazars, LLP, a national accounting, tax, and advisory firm, to provide quarterly and annual public filing services as well as CFO-level support for the company.

"We are extremely impressed with the capabilities and communication from the Forvis team," said Warren Kruger, CEO of Greystone Logistics. "Their deep expertise in public company reporting and financial management will be invaluable as we continue to execute on our growth strategy. This new relationship allows us to streamline our reporting processes and focus on driving value for our shareholders."

Under the terms of the agreement, Forvis will be responsible for preparing Greystone's quarterly and annual financial filings, as well as providing ongoing CFO-level guidance and oversight. This will enable the company to efficiently meet its public reporting requirements. In anticipation of the signing of the agreement, Greystone implemented the mandatory 30-day waiting period required to initiate the previously announced stock buyback program beginning December 20, 2024.

About Greystone Logistics

Greystone Logistics is a “green” manufacturing company that reprocesses recycled plastic and designs, manufactures and sells high-quality 100% recycled plastic pallets that provide logistical solutions for a wide range of industries such as the food and beverage, automotive, chemical, pharmaceutical and consumer products. The Company’s technology, including a proprietary blend of recycled plastic resins used in the injection molding equipment, extrusion lines and patented pallet designs, allows production of high-quality pallets more rapidly and at a lower cost than many other processes. The recycled plastic for Greystone’s pallets helps control material costs while reducing environmental waste and provides cost advantages over users of virgin resin. For more information about Greystone Logistics and its innovative products, please visit www.greystonepallets.com

About Forvis Mazars, LLP

Forvis Mazars, LLP is an independent member of Forvis Mazars Global, a leading global professional services network. Ranked among the largest public accounting firms in the United States, the firm’s 7,000 dedicated team members provide an Unmatched Client Experience® through the delivery of assurance, tax, and consulting services for clients in all 50 states and internationally through the global network.

Visit www.forvismazars.us to learn more.

Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Contact

Brendan Hopkins
Investor Relations
Email: investorrelations@greystonelogistics.com
Phone : (407) 645-5295
https://www.greystonepallets.com


FAQ

When will Greystone Logistics (GLGI) start its stock buyback program?

Greystone Logistics will initiate its stock buyback program on December 20, 2024, following the mandatory 30-day waiting period.

What services will Forvis Mazars provide to Greystone Logistics (GLGI)?

Forvis Mazars will provide quarterly and annual public filing services as well as CFO-level support and guidance for Greystone Logistics.

How will the Forvis Mazars agreement benefit Greystone Logistics (GLGI)?

The agreement will help streamline reporting processes, provide financial management expertise, and allow the company to focus on driving shareholder value.

What is the significance of the Forvis Mazars partnership for GLGI investors?

The partnership provides professional financial oversight and improved reporting efficiency, potentially leading to better financial management and shareholder value creation.

GREYSTONE LOGISTICS INC

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