Thresher Industries Board of Directors Discusses Sale of Company

HANFORD, Calif., March 12 /PRNewswire-FirstCall/ -- Thresher Industries (Pink Sheets: THRR) announced today that there was a special meeting of the Board of Directors to discuss a Letter of Intent to buy Thresher Industries that was received on March 9, 2010 and the terms of the offer.  This offer represents an attractive package with a deal suggested that is significantly above the current market price range. While the Board of Directors came to no final conclusions, the sentiment was very favorable towards the proposal.  In deciding whether or not to proceed with the sale, The Board has concluded it needs to consult with its legal council as to whether the Board has the authority to accept the offer; or whether a shareholder meeting must be called to vote on the matter.  The company anticipates disclosing the results of the legal council's investigation to be announced on Monday March 15th 2010.

CEONEWS.Tv has issued an interview and profile of the Company.  To listen to the interview with President and CEO Tom Flessner, please visit  http://www.ceonews.tv/index.php?option=com_content&task=view&id=10686&Itemid=240.

Topics discussed included Thresher's research and development efforts; green production and expansion plans; sales and marketing initiatives, and its recently launched, next generation LED energy-efficient lighting component.  Mr. Flessner commented, "We are looking to expand our network of sales representatives and increase our reach into new and untapped markets that could benefit from our products and services. Recruiting sales representatives and outsourcing our sales and marketing departments are the first steps in opening the Company to new opportunities. We anticipate annual revenues between $800,000 to $1.2 million and to breakeven by the end of 2010."

In a separate matter, Mr. Flessner commented, "It has come to our attention recently that there may have been a short sell of 661 million shares of our common. We do not condone this type of activity and remain committed to building value for our loyal shareholders."

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.

About CEONEWS.Tv

CEONEWS.Tv is an online, market news provider that brings investors - Big News For The SmallCap Market!(TM) CEONEWS.Tv offers one-on-one interviews with the CEO's, CFO's, COO's, Presidents and Directors of companies to deliver answers to the questions that investors would like asked. Through these interviews Executives share their insights, accomplishments, current projects, daily challenges they face and future goals and aspirations they have for the companies that they lead. For further information please visit http://www.ceonews.tv or call 765-CEONEWS (236-6397).

Statements contained in this press release and the corresponding interview and research report, including those pertaining to estimates and related plans, potential mergers and acquisitions, estimates, growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made. This report and interview is a paid advertisement. CEONEWS.Tv has been paid from a third party for advertising. More safe harbor & disclaimer at: http://www.ceonews.tv/disclaimer.

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.

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