SOURCE: Thresher Industries, Inc.

May 02, 2007 09:01 ET

Thresher Industries to Open Pacific Rim Office in Busan, Korea

Thresher Moves to Capture Nuclear Containment Business With Talbor® Material

LOS ANGELES, CA and BUSAN, KOREA -- (MARKET WIRE) -- May 2, 2007 -- Thresher Industries (PINKSHEETS: THRI) announced today that it intends to open an overseas office in Busan, Korea. Vice President of Business Development, Mr. Carden will be in Busan, Korea in May to complete negotiations to open a sales office in Busan to support the growing need for its Talon Composites' material in the Pacific Rim area. Mr. Carden said, "We have seen a very real demand for our materials and technologies in the Asian Pacific Rim and anticipate excellent sales growth by establishing a sales office in Busan." The Busan Sales Office will target key customers for its Talbor material in the nuclear industry as well as applications for high strength composites in the growing Korean auto industry. Mr. Carden also plans to be at the Talon sales office in Yokohama, Japan and will be meeting with numerous customers over the four days he is in Japan. Hans-Henning Judek, Thresher's Sales Director in Japan, has arranged a number of meetings with potential customers in various industries in Japan. Thresher's Talon Group has prepared engineering literature aimed at the nuclear industry in Japan; these are available at Thresher has targeted the nuclear industry as a prime sales market for its Talbor material for nuclear shielding.

About Thresher Industries

Thresher Industries provides conventional cast aluminum as well as reinforced metal matrix composite aluminum alloy components for a variety of customers and applications. Thresher's ThermaLite and TerraLite alloys offer unique properties compared to conventional aluminum alloys such as increased wear resistance, unique thermal properties and greatly increased strength. Thresher also offers proprietary casting technologies including its Nautilus Core Technology, a bio-degradable recyclable process that is used to generate internal shapes and passages in castings without sand or binders normally used in casting operations.

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The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

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