HANFORD, Calif., July 13, 2011 /PRNewswire/ -- Thresher Industries
(PinkSheets: THRR) addressing questions raised regarding
qualifications of our new CFO and Investors Relations persons since
they are family; with our new direction, new customers and the
growth we anticipate no one is better versed in the technology or
the understanding of our business than Jill and Anne, having worked
with Thresher since 2004. We have established an advisory board
consisting of a seasoned CFO / advisor and a Business development
specialist. These individuals will be working with us to bring
Thresher Industries to a position of profit and growth.
After a recent ownership change our facility was not being
maintained in the same manner as prior owners, which led to serious
security issues. The decision has been made to move to a new
facility. The security of our technology and corporate assets were
the primary reason for taking this action.
We have reduced our operating costs and our debt and are adding
orders, a new facility will provided the security we require and
with the management changes I believe you will see a change in how
we discuss our future with our investors and that we will prove
that this can and will be a very successful venture for all
involved.
No current employee of Thresher has sold stock in the company.
Corporate financials will be posted within the next 10 days and we
are working with our advisors to have all corporate financials
audited. "In the past we pursued business that was not always
what I felt was beneficial to our future and my gut feel was proven
correct. As President and founder of Thresher Industries I have
decided to return to the core values I hold and am asking for the
support of our investors as we move Thresher Industries in a
direction where we can succeed." Quotes Tom Flessner
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
info@thresherindustries.com
SOURCE Thresher Industries
