Thresher Industries Board of Directors Approves Sale of Company

HANFORD, Calif., March 15 /PRNewswire-FirstCall/ -- Subsequent to a special meeting of the Board of Directors of Thresher Industries (Pink Sheets: THRR), it was announced today that the proposed offer to sell the company was approved. As previously reported, Thresher Industries received a letter of intent to buy their company on March 9, 2010. In the opinion of the members of the board this offer represents an extremely attractive package with a suggested settlement that is significantly above the current market price range. Corporate attorneys for Thresher Industries will report to the board members no later than March 16th as to whether a meeting of the shareholders will be required. The Board of Directors will recommend to the shareholders that they accept and ratify the sale. The details of this offer will be announced on Tuesday, March 16th 2010.

About Thresher Industries, Inc.

Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company 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.

SOURCE Thresher Industries, Inc.