THRR Thresher Industries Inc (CE)

HANFORD, Calif., April 8 /PRNewswire-FirstCall/ -- Thresher Industries, Inc. (Pink Sheets: THRR), provided an update today regarding the sale of the Company.  Thresher's management team and counsel are continuing with a thorough diligence review with the potential buyer of the Company.  

Tom Flessner, CEO of Thresher Industries, Inc., stated, "We are proceeding to work as quickly as possible to complete the sale of the Company. We are confident that our potential buyer will satisfy all our due diligence requirements. Now it is just a matter of completing each step in the detailed review process.  We are working closely with the buyer to finalize the transaction and have set a close date of April 30, 2010. As always, we appreciate our shareholders patience and thank you for your continued support."

About Thresher Industries, Inc.

Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company 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.

SOURCE Thresher Industries, Inc.