Greystone Logistics Inc

Hello, everyone, and welcome to the Q2 results call. At this time, all parties are in a listen-only mode. Later, you will have an opportunity to ask questions. To ask a question, press star 1 on your phone keypad. If you'd like to remove yourself from the queue, press star 2. Again, that is star 1 to ask questions. Please note that this call is being recorded, and I will be standing by if you need anything. I would now like to turn the conference over to Brendan Hopkins. Please begin.

Thank you, and we have a brief safe harbor, and then we'll get started. Except for historical information contained herein, the statements in this conference call are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from forecasted results. With that said, I would like to turn the call over to Warren Kruger, CEO of Greystone.

Good afternoon, everyone, and thank you so much for joining the call. I want to just report, I hope everyone's read our press release. I won't be repetitive. Our press release, I'm going to have Curtis Crozier, our new CFO, will kind of review the numbers for us here in a minute. But I just want to tell you about the general state of condition of our company. We are positioned very, very, very well right now. Uh, I, we have, uh, there's a couple of things that for me as a CEO are concerning and that's sales, sales, sales. And I'm, uh, two years ago, we were all, we were concerned about, oh my gosh, we don't have enough equipment. We're worried and so forth. And now we've got some empty equipment. So we're working on it. Some of those things are self-imposed and some of them aren't. We've had some barrel issues with a couple of our machines. We've been working with Cincinnati Millicron on those issues. We have Walmart that has been a wonderful customer for us. We've probably done in excess of $15 million in revenue over the years total with them. And this year we met with them and they wanted to, for one of their import facilities, have a little different, some tweaking. So we've put off manufacturing any product for that particular import D.C., And we have a new pallet being manufactured at our mold maker in Taiwan. And it's exciting. It has some ergonomically. It's more favorable for the Walmart associates. It's got a little lower weight. And it's got some interesting little changes we made. We've also designed it for the future so we can drop cellular devices inside the pallet and remove it. We can... When the battery goes low, we could remove it. So very interesting design. I'm excited about it, but we won't see that revenue hit for about 75 to 90 days. We are excited. Simplot is a big customer in the potato industry, and we've been producing for them. Our big customer, IGPS, we don't know if they'll add additional volume for us like they did last year. So we have a great relationship with them, and we've been discussing that, and most certainly we'd like to add a little bit more volume there. Along those lines, we've got some new products that I've mentioned in the past, but I will say that our 4456 can and bottle palette has been tested at Virginia Tech, tested out very, very well. Ball Container, we've talked to them, and so we'll be out with Ball and some of the other bottling can users. So that product will be hitting it. We'll be putting samples out across America. We have a mirror pallet that will soon be done. It's the same on the top as it is on the bottom. That's for the peanut industry, the nut industry. It allows super sacks to be stacked. It's a great product. We have an automobile pallet, 4845, that we've had. We had some issues with it in terms of not being able to stack correctly with existing 4845s in the General Motor and Ford system. So we've made, tweaked that product, and we're actually putting the mold back together. And there is demand for that 48 by 45. So those are some of the things we're working on right now. And before we go further and I take questions, I'd just like to have Curtis kind of review our quarter. Curtis? Thank you, Warren.