Thresher Industries Issues Open Letter to Investors and Shareholders. Publication: Business Wire Date: Wednesday, October 17 2007
You are viewing page 1 HANFORD, Calif. -- Since October 2006 Thresher Industries (Pink Sheets:THRI) has traded on the Pink Sheets, during that time we have encountered difficulties with our stock price, made an acquisition of Talon Composites and had additional issues with shorting of our stock. We have made gains in sales and acquired new customers; we have made some decisions based on data provided by persons not concerned with the best interest of our company or shareholders which in turn have hurt our organization and its credibility.
We have taken action based on board input to correct errors made, to make our company profitable and to focus on future growth. In December of 2006 with the acquisition of Talon Composites we shifted focus from our cast products division to Talon and the nuclear industry. This has proven to be an ill-timed decision but one we have rectified. We have begun the reorganization of Talon and the pursuit of work for the cast division beginning in July of this year, those efforts have paid off as significant new orders are in queue and additional new orders will be received shortly. In the Talon Group we have begun to fill orders that have been in the pipeline since November 2006 and early 2007. Talon will continue to pursue the nuclear industry with contracts and joint venture opportunities in the Pacific Rim but not at the expense of current or on going business. We have added additional resources to support the anticipated orders and will make announcements shortly regarding these changes.
Lastly, the financials will be posted, we anticipate that happening by November 1st. Thresher will continue to inform our investors as we receive new contracts and negotiate the future of Talon Composites.
DISCLAIMER
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements" that are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
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