Thresher Industries Completes Restructure to Support Growth

HANFORD, Calif., June 28, 2011 /PRNewswire/ -- Thresher Industries (PinkSheets: THRR) announced today the completion of restructuring the management team. Tom Flessner President / CEO announced details, "With our concentration on key markets the company needs to be more responsive, pursuing key markets and concentrate on working with our sales representatives. It has become necessary to restructure allowing faster response to not only our customers but also the investment community. Anne Flessner has accepted the responsibilities of Investor Relations as well as director of sales and marketing. Anne has been a key decision maker at Thresher from the beginning and continues to support the direction we are taking."

"Roger Rowell is no longer associated with Thresher Industries; Jill Flessner has taken that responsibility and is now CFO for the corporation. We are currently working with our Detroit based sales representatives introducing our ThermaLite aluminum based metal matrix composites to the auto industry. Sample product has been submitted to a large supplier of engine components for evaluation. This first step is significant and will allow us to demonstrate the advantages of our materials."

"We have also added a metallurgical consultant to our team to lead us in testing, refining and evaluating our ThermaLite cast composites market specific. We will continue to develop materials for our key markets. While Thresher Industries has developed a proprietary method to manufacture our composites the task of producing materials with customer needs such as heat transfer, elongation or impact resistance requires that we use a metallurgist versed in metal matrix composites. I am very pleased that the individual we have as our consultant is the leading metallurgist on cast composites".

About Thresher Industries

Based in Hanford, California, Thresher operates an ISO 9000-compliant, green foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe. For more information, visit http://www.thresherindustries.com.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

Contact:

Thresher Industries, Inc.
Tel: 559.585.3400
www.thresherindustries.com
[email protected]

SOURCE Thresher Industries, Inc.