Tuesday, February 02, 2010 9:39:35 AM
HANFORD, Calif., Feb. 2 /PRNewswire-FirstCall/ -- Thresher Industries, Inc. (Pink Sheets: THRR), a California-based manufacturer of precision aluminum and advanced metal matrix composite parts, announced today that it has received forecast of purchases for 2010 from an S&P 500 company. Thresher anticipates beginning production for both parts in February. Thresher is estimated to receive between $400,000 and $625,000 in orders for both parts for year 2010 from this S&P 500 company. Thresher has also quoted value added services to these two parts that could raise its revenue another $330,000 to $525,000 for year 2010. Â Along with these estimates, Thresher anticipates orders for new parts this year that could be as high as $150,000. Â There is the potential for Thresher to book as much as $1.4m in revenue for year 2010 from this S&P 500 company.
About Thresher Industries, Inc.
Based in Hanford, California, Thresher Industries Inc. is an eco-friendly "Made in the USA" manufacturer that provides a full range of casting capabilities, from prototypes or low volume casting to permanent mold, low pressure and high pressure castings. All raw materials are 100% recycled aluminum, sourced and processed exclusively in the U.S. Thresher's foundry is a zero-discharge, ISO 9000-certified facility that uses bio-degradable technologies, renewable materials and proprietary processes that lower costs and the environmental footprint of its customers. 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.
www.thresherindustries.com
559-585-3400 (tel)
Info@thresherindustries.com
http://finance.yahoo.com/news/Thresher-Industries-Receives-prnews-4231053263.html?x=0&.v=1
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