International Tower Hill Mines Ltd.

[Bretwalda]

Thank you sir! I was looking for correct board! I'm there!

[buzzmatrix]

There is also this link, I say one needs to go! LOL

http://investorshub.advfn.com/International-Tower-Hill-Mines-Ltd-AMEX-THM-17048/

[Bretwalda]

Looks like some ticker symbol changes over the years since the board started. THM

[Bretwalda]

Can you provide some links please? Or why you think this?
Thanks

[Bretwalda]

Coming to this message board, see THM could be either Thomas Hill Inc or International Tower. Wonder which this board is about?

[Bretwalda]

Im starting to think the same thing bud.

[edheadedness]

This is ridiculously cheap right now...unless there is some inside stuff brewing this is literally a golden price right now for what looks like a very promising stock

[Swissmoto1]

Warning!! Ceo Ewigleben is a cheater! Do not invest!!

[Swissmoto1]

Warning !!!!! Ewigleben ist ein Betrüger !!! Nicht investieren !!!!

[Ray1957]

Wrong board friend... no change to THME ... THM still going

[Ray1957]

This was a Cramer pick at $10

[Bretwalda]

Lots happening with Tower up in Livengood,AK I hear.

[tradedilly]

Thomas Equipment's Tcomt, Inc. Receives $1.96 Million DMB Wireless Handset Order
- Initial order part of a $45 million contract -

Last Update: 8:30 AM ET Apr 11, 2007


NEW YORK, Apr 11, 2007 (BUSINESS WIRE) -- Thomas Equipment, Inc. (THME.PK) announced that its Tcomt, Inc. (Tcomt) subsidiary received an initial order for $1.96 million under an ODM contract to supply Digital Multimedia Broadcasting (DMB) wireless handsets. The initial order is part of a $45 million contract for DMB wireless handsets to be delivered through 2007, subject to satisfactory conditions set forth in the contract.
Under the terms of the agreement, shipment of the order is expected to be complete within 60 days. The contract requires Tcomt to deliver goods within defined technical operating specifications. The first order is supported by an irrevocable documentary letter of credit.
"We are pleased to have received this initial order," said Mike Luther, Chief Executive Officer of Thomas Equipment, Inc. "The wireless handset supplier with whom we entered into the agreement has a subscriber base of 65 million users and a total of 13,000 retail outlets. We believe this makes for a significant business opportunity that will solidify Tcomt's presence in the global wireless market."
Digital Multimedia Broadcasting (DMB) is a method of multicasting multimedia content to mobile and portable devices, such as cell phones, satellite or terrestrial services, or a combination of the two. Some DMB-capable receiving devices can render content that is individualized to the location or subscriber. The most popular application of DMB is mobile television. Movies, video clips, music, RSS feeds, and text messages can also be transmitted. Most existing and proposed DMB services operate on a fee-based subscription basis, although advertising has been suggested as a revenue source. A free, state-operated DMB service is available in South Korea.
About Thomas Equipment, Inc.
Thomas Equipment, Inc. has three primary business activities, including: the manufacture of skid steer and other industrial/agriculture equipment, and; the manufacture and distribution of fluid power products, and the manufacture of wireless handsets. The Company operates through three subsidiaries: Thomas Equipment 2004, Inc., Pneutech, and Tcomt.
About Tcomt
Tcomt is an Original Design and Manufacture (ODM) company that designs, markets, and manufactures next generation wireless mobile devices, innovative navigation systems, and other software applications for the telecommunications industry. Founded in 2003, utilizing its staff of over 50 designers, engineers, researchers, technicians and sales support staff, Tcomt is primarily engaged in the design and development of consumer-oriented communication technologies and their related products for major cellular service carriers such as LG Telecom of Korea, China Unicom, and AU KDDI. Tcomt has developed over 22 products for 7 major organizations in the industry, and estimates that over 3 million units of these various products designed by Tcomt have been sold in the Asian cellular wireless marketplace.
Safe Harbor Statement Under the Private Securities Litigation Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of THM could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, and such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company in our SEC filings.
SOURCE: Thomas Equipment, Inc.

[Gargoyle0_0]

They are back in production now, hopefully things will come back around. The IR firm is not very active.

[tradedilly]

Anyone know why the shares haven't traded for almost 2 weeks? All the quote info and news has seemed to come to a halt.

[zinsinus]

Wow a lot of damage to the float

http://biz.yahoo.com/iw/061124/0188055.html

[Tuff-Stuff]

Geez, I'd settle for a run up over .25! Do have
some of this sitting, have held onto it for
awhile. It needs a jumpstart, and do not
believe it's even near ready. IMHO

[Gargoyle0_0]

Symbol changed to THME. Now it has bottomed out @ $0.05. New CRO, orders to fill, plants starting back up looks like a good buy now. I know the New Brunswick plant is gearing up again. Lets hope we get back to $4.00 again.

IMO
Garg

[zinsinus]

What happened to the symbol?

[choo choo trader]

Anybody watching THM anymore. Looks like it bottomed at about .19 after the company announced,a few days ago, filing court supervised restructing for Thomas Equipment 2004 a subsidary of the company but it has traded up for the past several days. Seems like there is something more here than just a dead cat bounce. Todays volume of 426,700 was an all time high(over 100 X it's average daily volume) as it traded up to .80 and then fell back to close at .42 up .16 for the day. For sure something is up. Here is a copy of their latest news pertaining to the filing.

CENTREVILLE, NEW BRUNSWICK, August 17 /CNW/ - Thomas Equipment Inc. ("Thomas") (AMEX: THM - News) today announced that its wholly-owned subsidiary Thomas Equipment 2004, Inc. ("Thomas 2004") intends to initiate court-supervised restructurings and has laid off 141 employees.

The parent company, Thomas Equipment, Inc., and its other subsidiaries domiciled in other countries are not subject to the intended Canadian court-supervised restructuring nor does Thomas have any present intention to file any other similar proceedings for the parent company or any other subsidiary in the United States.

The restructuring is designed to provide Thomas Equipment with appropriate financial resources to address short-term needs and successfully execute on longer-term strategic opportunities. Thomas continues to evaluate all options with respect to its subsidiary companies.

Thomas 2004 intends to file a notice of intention to make a proposal pursuant to the Bankruptcy and Insolvency Act (Canada). Once filed, the obligations of Thomas 2004 to creditors are stayed for an initial period of 30 days and may be extended upon subsequent applications to the Court or by the filing of a proposal to creditors.

Thomas has engaged Carl Marks Advisory Group, LLC ("CMAG") to provide financial advisory services during the restructuring. Pursuant to the engagement, CMAG will work towards generating interest among prospective investors, acquirers or merger candidates and advise the company through all future negotiations and proposed transactions.

[Thrasheriup]

I think we finally hit the bottom!!!!!!!

[Thrasheriup]

THM

Date: July 17th, 2006
Value: Value is a measure of a stock's current worth. THM has a current Value of $1.90 per share. Therefore, it is undervalued compared to its Price of $0.52 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease. VectorVest advocates the purchase of undervalued stocks. At some point in time, a stock's Price and Value always will converge.

RV (Relative Value): RV is an indicator of long-term price appreciation potential. THM has an RV of 1.36, which is very good on a scale of 0.00 to 2.00. This indicator is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk. RV solves the riddle of whether it is preferable to buy High growth, High P/E stocks, or Low growth, Low P/E stocks. VectorVest favors the purchase of stocks with RV ratings above 1.00.

GPE (Growth to P/E Ratio): GPE is another popular measure of stock valuation. It compares earnings growth rate to P/E ratio. THM has a GPE rating of 2.28. High growth stocks are believed to be able to justify high P/E ratios. A stock is commonly considered to be undervalued when GPE is greater than 1.00 and overvalued when GPE is below 1.00. Unfortunately, this rule of thumb does not take into account the effect of interest rates on P/E ratios. The operative GPE ratio of 1.00 is valid when and only when interest rates equal 10%. With long-term interest rates currently at 6.22%, the operative GPE ratio is 0.39. Therefore, THM may be considered to be undervalued.

Sales: THM has annual sales of $124,000,000.00

Sales Growth: Sales Growth is the Sales Growth Rate in percent over the last 12 months. THM has a Sales Growth of 92.00% per year. This is excellent. Sales Growth is updated each week for every stock. It is often useful to compare Sales Growth to Earnings Growth to gain an insight into a company's operations.

Sales Per Share (SPS): THM has annual sales of $5.84 per share. SPS can be used as a measure of valuation when comparing stocks within an Industry Group.

Price to Sales Ratio (P/S): THM has a P/S of 0.09. This ratio is also used as a measure of valuation. Here, too, it is useful when comparing stocks within an Industry Group.

Shares: THM has 21,000,000.00 shares of stock outstanding.

Market Capitalization: THM has a Market Capitalization of $11,000,000.00. Market Capitalization is calculated by multiplying price times shares outstanding.

[istockguy]

I imagine that the quarterly results will be reflective of the fact that the company is going through a major operating restructuring. I don't expect the results to be good, but that is probably already priced in the stock as it has fallen almost 80% in the last few months to the recent $0.52 range.

The company was running revenue at over $100m a year. If they can do so profitably post-restructuring (they said about six months), it will be interesting to see what happens to the stock since it is trading at a market value of about $14 million.

[zinsinus]

Any idea of possible numbers for the quarter and year?
I have never seen a stock drop so far on so little volume.

http://host.businessweek.com/businessweek/Historical_Quotes.html?Symbol=THM&StartDate=05%2F17%2F...

[Thrasheriup]

Thanks

[istockguy]

Since this will be their last quarter of the year, they will need to file a 10k and therefore have 90 days from the end of the quarter to do so. I think they have until about September 28th to release their operating and financial results.

[Thrasheriup]

Hey everyone-

I got in at .52cents. I have to believe once the next quarter earnings come out that this stock is going to bounce back. Does anyone know when the next quearter earnnings comes out? Thanks

[zinsinus]

Thanks. Are you buying? .50 seems like a steal.

[istockguy]

About $87 million in debt and more than $100 million in assets per their last public filing. Assets: $45.5 million in receivables, $32.9 million in inventory, $2.8 million in prepaid expenses, $22.7 million in property, plant and equipment...

[zinsinus]

Do you know the total debt owed?

[choo choo trader]

THM News

NEW YORK (Dow Jones)--The phrases "hedge fund" and "microcap stocks" go together like a lit fuse bordering a vat of nitroglycerine in most people's minds. But portfolio manager David Grin says his hedge fund has found a relatively conservative way to invest in small, capital-challenged companies and still book hefty returns.

Grin, 37 years old, and his older brother Eugene, 48, run Laurus Capital Management, which uses its $1.3 billion of assets to finance growth at publicly traded microcap companies. Instead of buying shares, they purchase convertible bonds, warrants and other structured products collateralized by assets of the portfolio companies.

The high-interest bonds, most of which now pay about 10%, combine with collateral such as real estate to protect Laurus' principal investments and offer a dollop of return. The upside, though, is in the potential conversion of the bond into equity, which can translate into big profits.

"We are in the business of financing growth and letting the borrowers execute on their business plans," says David Grin. "When it works out with microcap and growth stocks, you have amazing returns. If it doesn't work or fails completely, they pay the loan or we have the assets."

To date, the New York-based fund's investment strategy appears to have worked. Since their launch in 2001, the company's two funds (one is offshore but makes the same investments as the U.S. fund) have never had a losing month, according to HedgeFund.net, a database of more than 5,000 hedge funds. Annual returns ranged from 31.1% in 2003 to 10.4% last year. The funds are up about 7.5% for the first half of 2006.

Average annual return since Laurus' inception is almost twice the 11.25% return of the HFN Hedge Fund Aggregate index in the same period.

Unlike many hedge funds that focus on quick trading gains, the Grins take no short positions, do little trading and develop close contacts with the funds' portfolio companies. More than half come back for repeat financings, Grin says.

Laurus' returns also are unusually stable for a hedge fund, with volatility about the same as that of the Standard & Poor's 500 stock index. But the Grins, whose family emigrated from Russia in 1979, have adopted typical hedge-fund pay standards. Laurus' management fees are 2% of fund assets, while incentive fees start at 20% of profits and rise above 30% after hitting preset targets.

Investors, though, were not the biggest hurdle to launching Laurus, Grin says. Skepticism came from chief financial officers of the microcap companies, who were wary of borrowing from a hedge fund as an alternative to banks and financing companies. Unlike banks, Laurus makes no money on loan spreads or fees and does not impose strict operating restraints.

"We didn't initially buy into it," says Alan Catherall, chief financial officer of Numerex Corp. (NMRX), an Atlanta-based wireless data company spun off from the former BellSouth in 1994. "But they have proven themselves, especially from a control standpoint. They are very much a hands-off investor, as long as you pay them."

Numerex has borrowed $16 million in three separate transactions from Laurus since 2004, including a $10 million financing last month that Catherall says was vetted by several investment banks. Under terms of that deal, signed when Numerex was trading at $7.06 a share, Laurus can convert its bond into stock if the share price reaches $7.91. Numerex, shares of which traded recently at $7, has an option to make Laurus retire the debt if the stock hits $8.70.

Laurus, which employs almost 70 people in research, legal, sales and operations, subjects each investment candidate to "full-blown due diligence," Grin says, and finances only about 5% of the companies it reviews. This year, it has invested about $397 million - much of it in roll-up companies that move into new business areas - and expects to have stakes in more than 200 public companies by year's end.

The markets, of late, have been tough for microcap stocks. Though Numerex is up 56.2%, others recently financed by Laurus include Thomas Equipment Inc. (THM), down 83% this year to about 62 cents; IWT Tesoro Corp. (IWTT), down 62.6% this year at about $1.01 a share; Pacific CMA Inc. (PAM), off about 9% to 60 cents; and Digital Recorders Inc. (TBUS), down 11.7% to $1.35. It doesn't take much, of course, to realize three and even four-figure gains if stocks trading at such low values rebound.

Laurus generally holds its investments for three years and structures debt it lends to be repaid in 18 months through monthly amortization payments. That allows investors, after a six-month lockup, to redeem their shares monthly.

Grin says Laurus diversifies its investments across 190 U.S. and Canadian companies in 24 industries and limits exposure in any one industry to 10%. Laurus avoids so-called Pink Sheet stocks whose shares are not listed on a centralized exchange but trade largely by phone or computer.

The minimum investment in Laurus' funds is $1 million. About 92% of the company's more than 300 investors are institutions such as pension funds and foundations. Individual investors are primarily friends and family, many of whom began investing with the Grin brothers in the 1980s and 1990s when they bought residential real estate and bankrupt savings-and-loan companies from the government.


(Jed Horowitz covers investment banks and brokers for Dow Jones Newswires.)


-By Jed Horowitz; Dow Jones Newswires; 201-938-4047; [e-mail]


(END) Dow Jones Newswires

07-14-06 1500ET

Copyright (c) 2006 Dow Jones & Company, Inc.






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[zinsinus]

I just bought in on Thurs. I really like the new CEO's resume. I am considering adding a lot more. The volume during the fall from 3 to .60 was very low. Let's get a conversation going here.
Thanks

[istockguy]

THM - $30 million in orders

Press Release Source: Thomas Equipment Inc.

Thomas Equipment, Inc. Re-affirms Strategic OEM Relationship with Hyundai Heavy Industries

Thomas Estimates Hyundai's Purchase of at Least 1,000 Units in 2007, Which Should Exceed $30 Million in Sales


MILWAUKEE--(BUSINESS WIRE)--July 5, 2006--Thomas Equipment Inc. ("Thomas") (AMEX: THM - News) today announced that its new senior management team concluded an annual business review in South Korea with the senior management of Hyundai Heavy Industries, Ltd. ("Hyundai"). The meetings were successful with both Thomas and Hyundai re-affirming their commitment to fulfill the strategic relationship between the companies.

Hyundai is a multibillion dollar world leader in a number of diversified businesses including ship building, industrial plant, engineering services, and construction equipment (http://english.hhi.co.kr/Business/Construction.asp), headquartered in Ulsan, South Korea.

In 2005, Thomas Equipment completed a global OEM supply agreement with Hyundai. Given the recent departure of Mr. Rhee from Thomas, who was the original contact to Hyundai, James E. Patty felt it necessary to evaluate the status of the Hyundai relationship and arranged to meet with the senior management of Hyundai.

"Our team held a series of lengthy and candid meetings with senior executives at Hyundai involving all relevant topics. I am pleased to report that at the conclusion of those meetings Hyundai's management expressed their confidence in Thomas' new management team and the strategic directions we are taking in a number of areas," said James E. Patty, Chief Executive Officer of Thomas Equipment. "We have a great opportunity to grow our relationship with Hyundai beyond the minimum forecast. However, we must deliver units to Hyundai as promised before we can expect to grow our Hyundai shipments to their full potential. I am confident that my new team can begin to fulfill the commitments Thomas made to Hyundai last year."

Thomas' management and Hyundai are in the process of updating orders for the balance of 2006 and 2007. Shipments will be determined by Hyundai's distributor demand and our ramp up in production. Thomas believes the 2007 orders from Hyundai will be no less than 1,000 units, which should exceed $30 million in sales depending on the product mix.

"With the direct feedback from Hyundai, our team is putting the final touches on our post-restructuring business plan to ensure that we allocate proper manufacturing resources to satisfy Hyundai's needs," commented William Davis, Chief Operating Officer of Thomas Equipment. "We are looking forward to building a long-term relationship with Hyundai and our new team thanks Hyundai for their trust and support."

[istockguy]

News posted on Yahoo.

Form 8-K for THOMAS EQUIPMENT, INC.


-----------------------------------------------------------------

3-Jul-2006

Other Events



ITEM 8.01 OTHER INFORMATION
Strategic Decision to suspend and liquidate operations in Busan, South Korea.

As part of Thomas Equipment, Inc's. (the "Company"), previously announced restructuring and operational review, subject to a schedule established June 23, 2006 with Company's management in Busan, South Korea, on June 27, 2006, James E. Patty, Chief Executive Officer arrived at the Company's plant and offices in Busan, South Korea. Upon his arrival, Mr. Patty was advised by the office manager that Mr. Lim Chul Jin, President, Thomas Equipment Asia, Inc. and all workers quit as a sign of solidarity and support for the recently terminated President of the Company, Clifford Rhee. Including the office manager, four former employees of the Company were on the premises upon Mr. Patty's arrival. Further, Mr. Patty was advised that if certain undefined conditions were met, all the workers would immediately return to work.

On June 28, 2006, David M. Marks, Chairman of the Company, received a facsimile of a letter dated June 26, 2006 from Mr. Lim Chul Jin, President, Thomas Equipment Asia, Inc. terminating his employment with the Company and its subsidiaries.

On July 3, 2006, Mr. Patty, Chief Executive Officer, recommended to the Company's Board of Directors the termination of all of Company's operations in Busan, South Korea, as more particularly described as follows:

1. In an orderly fashion, the Company sell its finished goods located in Busan, South Korea.
2. The Company relocates certain of its other intellectual and capital assets to its plant in Centreville, NB, Canada.
3. The Company or its agent proceed to sell its land and improvements in Busan, South Korea and apply the proceeds, net of any financial costs and charges from the closure, to reduction of its senior debt with Laurus Master Funds, Ltd ("Laurus"). In connection with its recent financing with Laurus, the Company perfected Laurus' security interest in all of its assets in South Korea.

Over the last four days Mr. Rhee, has advised the Company that the workers would return to its plant in Busan, South Korea if certain demands of Mr. Lim Chul Jin were met. The Company's senior management declined to have any such discussions or negotiations with Mr. Lim Chul Jin regarding the resumption of operations in Busan, South Korea given their recommendation to close that manufacturing facility.

These recommendations reflect the strategic view of Mr. Patty and his senior management team on the steps necessary to restructure and make the Company successful and these recommendations had nothing to due with the actions of Mr. Lim Chul Jin or Company's former workers in Busan South, Korea.

[choo choo trader]

Is THM getting ready for a turn around? From the 8k:


Form 8-K for THOMAS EQUIPMENT, INC.


--------------------------------------------------------------------------------

22-Jun-2006

Change in Directors or Principal Officers, Financial Statements and Exhibits

ITEM 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On June 19, 2006, Dr. William Davis was appointed as Chief Operating Officer of Thomas Equipment, Inc. (the "Company"). Dr. Davis has more than twenty years of experience in operations improvement, operations management, process reengineering, failure analysis, cost control management and supply chain management. From December 2000 through the present, Dr. Davis has been a partner in Six Sigma Solutions, LLC, a consultant for operational turnarounds. From August 2004 until September 2005, Dr. Davis was a Managing Director of XROADS, LLC, a consultant for operational turnarounds. From January 2002 thorough July 2004, Dr. Davis was President of Emerging Solutions, a startup technology consulting firm. From May 2000 to May 2001, Dr. Davis was Senior Vice President, Operations, for VPNet Technologies, a communications/internet security firm. Prior to that time. Dr. Davis held various positions with Iomega Corporation, GEC-Plessey Semiconductors and Maxtor Corporation. Dr. Davis has a PhD from Stanford University, MSCS from Northeastern University, BSEE from University of Nebraska and BA from Almeda University.

On June 19, 2006, we entered into an employment agreement with Dr. William Davis. Pursuant to the agreement, effective July 1, 2006, Dr. Davis is employed as our Chief Operating Officer for a term of three years. His employment may be renewed for successive terms of three years, unless either party provides written notice to the other at least 60 days prior to expiration of their intent not to renew the agreement. The agreement may be terminated by the Company at any time with 60 days notice. Dr. Davis may terminate the agreement on 30 days written notice and in certain circumstances, including re-location of the Company's executive offices and a non-negotiated change in control of the Company.

Dr. Davis is entitled to receive an annual base salary of $200,000, subject to annual increase at the discretion of the Board of Directors, as well as customary benefits and reimbursements. He is also entitled to annual discretionary bonuses and stock option awards, as determined by the Board of Directors. In addition, Dr. Davis received a signing bonus of $25,000. Dr. Davis also received an option to purchase 100,000 shares of common stock at an exercise price of $1.00 per share, exercisable for a period of five years.

On June 19, 2006, James E. Patty, our Chief Operating Officer and Interim Chief Executive Officer was appointed as Chief Executive Officer of the Company.





ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibit
Number Description
--------------------------------------------------------------------------------
10.1 Employment Agreement between Thomas Equipment, Inc. and
Dr. William Davis, dated as of June 19, 2006

[choo choo trader]

What's your take on THM? I wonder what the "cause" was that the CEO was canned? I've had this thing on my radar screen for quite some time and it seems the only way it's PPS has gone is down. Is it time to buy or just pass on by?

[istockguy]

PRESS RELEASE

Thomas Equipment, Inc. Announces President Terminated For Cause

Management changes part of previously announced corporate restructuring.

MILWAUKEE, WI-- June 15, 2006 -- Thomas Equipment Inc. ("Thomas") (AMEX: THM) today reported that the board of directors has terminated the employment of President and Chief Executive Officer, Clifford Rhee for cause, and has accepted his resignation from the board of directors effective immediately.

“The board of directors believes this action is consistent with the restructuring plan that was previously announced,” said David Marks, Chairman of the Board.

James E. Patty (JP), the current Chief Operating Officer will act as interim Chief Executive Officer.

About Thomas Equipment Inc.

Thomas Equipment, Inc. is an innovative and technologically advanced global manufacturer of a full line of skid steer and mini skid steer loaders as well as attachments, mobile screening plants and six models of mini excavators. Thomas distributes its products through a worldwide network of distributors and wholesalers. In addition, Thomas' wholly owned subsidiaries manufacture specialty industrial and construction products, a complete line of potato harvesting and handling equipment, fluid power components, pneumatic and hydraulic systems, spiral wound metal gaskets, and packing material.

Thomas Equipment Inc., www.thomas-equipment.com, www.thomasloaders.com, includes subsidiaries: Pneutech Inc., www.pneutech.thomas-equipment.com, Rousseau Controls Inc., www.rousseaucontrols.com, Samsung Industry Co. Ltd., www.ss-ind.com, and Hydramen Fluid Power Limited, www.hydramen.com.

Investor Information -- To request investor information and attend online corporate meetings, please visit our website at: www.stockaware.com/newsletter.htm

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of THM could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, and such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.

Contact:

Investor Relations:
Stock Aware, LLC
Joel Arberman, Managing Member
800.910.9035
www.stockaware.com

[istockguy]

PRESS RELEASE:

Thomas Equipment, Inc. Announces Major Corporate Restructuring

Broad based restructuring is designed to revitalize company, maximize operating efficiencies and future financial performance.

MILWAUKEE, WI-- June 15, 2006 -- Thomas Equipment Inc. ("Thomas") (AMEX: THM) today reported that its board of directors has approved a broad based restructuring to evaluate all corporate business activities, identify any operating and management deficiencies and immediately begin addressing all issues.

“The board of directors began this significant initiative because the company has failed to generate the desired operating and financial results,” said David Marks, Chairman of the Board. “We believe that significant changes are required to revitalize the company to maximize operating efficiencies and future financial performance.”

The major restructuring is designed to provide Thomas Equipment with appropriate management and financial resources to address short-term needs and successfully execute on longer-term strategic opportunities. The corporate restructuring will affect all areas of the business, including but not limited to the supply chain, working capital management, operating procedures and management leadership. Throughout this process, a primary objective is to ensure that relationships with customers, suppliers, distributors, employees, creditors and investors are strengthened.

The corporate restructuring is being led by James E. Patty (JP), who joined the company as Chief Operating Officer on May 9th, 2006. Mr. Patty is an executive with twenty-five years of proven leadership in managing international operations. Mr. Patty has a history of building efficient production operations, strategically expanding production capacity and creating shareholder value. His expertise includes re-engineering large organizations, supply chain management, creating markets, developing distribution channels, and accelerating profitable sales growth. Mr. Patty has also spearheaded numerous financings and merger and acquisition activities.

Mr. Patty has held a number of international executive level management and engineering positions with companies including Lockheed's subsidiary CalComp, Motorola, GET Manufacturing (China, Mexico, Brazil, and the U.S.), AlphaSource Manufacturing (Thailand), Allied Telesis (Singapore, Hong Kong and Japan), MAXTOR (Singapore), and Four Phase Systems (U.S.), Global Business Solutions, Inc., VPNet Technologies, and Computime Limited International China.

“We believe the restructuring plan will take approximately six months to complete. During this time, we plan to provide our customers, suppliers, distributors, employees, creditors and investors with regular updates regarding our process. We thank each for their ongoing support, patience and understanding,” said James E. Patty, Chief Operating Officer of Thomas Equipment, Inc.

About Thomas Equipment Inc.

Thomas Equipment, Inc. is an innovative and technologically advanced global manufacturer of a full line of skid steer and mini skid steer loaders as well as attachments, mobile screening plants and six models of mini excavators. Thomas distributes its products through a worldwide network of distributors and wholesalers. In addition, Thomas' wholly owned subsidiaries manufacture specialty industrial and construction products, a complete line of potato harvesting and handling equipment, fluid power components, pneumatic and hydraulic systems, spiral wound metal gaskets, and packing material.

Thomas Equipment Inc., www.thomas-equipment.com, www.thomasloaders.com, includes subsidiaries: Pneutech Inc., www.pneutech.thomas-equipment.com, Rousseau Controls Inc., www.rousseaucontrols.com, Samsung Industry Co. Ltd., www.ss-ind.com, and Hydramen Fluid Power Limited, www.hydramen.com.

Investor Information -- To request investor information, attend online corporate meetings, and provide your valuable feedback directly to management please visit our website at: https://app.quicksizzle.com/survey.aspx?sfid=19723

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of THM could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, and such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.

Contact:

Investor Relations:
Stock Aware, LLC
Joel Arberman, Managing Member
800.910.9035
www.stockaware.com