Thresher Industries, Inc. (THRR)

[cheloo03]

What's this? I just got it in the mail

News for 'THRR' - (Thresher Releases Update to Shareholders on Close of Sale)


May 06, 2010 (Close-Up Media via COMTEX) -- Thresher Industries announced it
has provided an update regarding the sale of the company.

Thresher has requested a two-week extension to complete the sale of the company,
which was delayed by CEO Tom Flessner's recent bout with pneumonia. The company
reported Flessner is now making a full recovery.

"Despite this small set-back, Thresher is back on track in full force to close
the sale of the company," said Tom Flessner, CEO of Thresher Industries. "We
understand many of shareholders have questions regarding the transaction, and
would like to provide as much information to them as possible. To this end, we
have requested that the name of buyer be disclosed. Should we receive permission
to announce the name of the buyer, we will do so by issuing a press release to
the public."

"In the interim, legal counsel has informed us that we are still in a 'quiet
period' until a further disclosure agreement can be reached between Thresher and
our buyer."

Thresher Industries is a manufacturer of low carbon footprint conventional and
custom machined die castings made from 100 percent recycled aluminum and metal
matrix composites.