HANFORD, Calif., June 28, 2011 /PRNewswire/ -- Thresher Industries
(PinkSheets: THRR) announced today the completion of restructuring
the management team. Tom Flessner
President / CEO announced details, "With our concentration
on key markets the company needs to be more responsive, pursuing
key markets and concentrate on working with our sales
representatives. It has become necessary to restructure allowing
faster response to not only our customers but also the investment
community. Anne Flessner has
accepted the responsibilities of Investor Relations as well as
director of sales and marketing. Anne has been a key decision maker
at Thresher from the beginning and continues to support the
direction we are taking."
"Roger Rowell is no longer
associated with Thresher Industries; Jill
Flessner has taken that responsibility and is now CFO for
the corporation. We are currently working with our Detroit based sales representatives
introducing our ThermaLite aluminum based metal matrix composites
to the auto industry. Sample product has been submitted to a large
supplier of engine components for evaluation. This first step is
significant and will allow us to demonstrate the advantages of our
materials."
"We have also added a metallurgical consultant to our team to
lead us in testing, refining and evaluating our ThermaLite cast
composites market specific. We will continue to develop materials
for our key markets. While Thresher Industries has developed a
proprietary method to manufacture our composites the task of
producing materials with customer needs such as heat transfer,
elongation or impact resistance requires that we use a metallurgist
versed in metal matrix composites. I am very pleased that the
individual we have as our consultant is the leading metallurgist on
cast composites".
About Thresher Industries
Based in Hanford, California,
Thresher 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.
Contact:
Thresher Industries, Inc.
Tel: 559.585.3400
www.thresherindustries.com
info@thresherindustries.com
SOURCE Thresher Industries, Inc.