Thresher Industries Receives Notice of Termination of Extension and Purchase Canceled

HANFORD, Calif., May 5 /PRNewswire-FirstCall/ -- Thresher Industries, Inc. (Pink Sheets: THRR) is advising its shareholders and interested parties that Senergy has notified Thresher Industries of the extension is terminated effective today and the offer to purchase Thresher Industries is canceled.

The Senergy website misstates the time frame to the offer, Thresher will be posting the letter of intent to its website as soon as possible.  Regarding the offer Thresher has been taking an extended amount of time to make any announcements due to Senergy's delay in responding to our repeated due diligence requests.  

We will continue to work to here at Thresher to increase our sales and acquire new customers; we appreciate the support of all of our 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.

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.