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Grass-Roots-Research (Grass-Roots-Distribution.com) Issues Positive Research Report on Thresher Industries

Posted on: Tuesday, 28 April 2009, 05:30 CDT

HANFORD, Calif., April 28 /PRNewswire-FirstCall/ -- Thresher Industries, Inc. (Pink Sheets: THRR), a California-based manufacturer of precision recycled aluminum and advanced metal matrix composite parts, is pleased to announce the release of a positive 16-page research report written by one of the nation's leading micro-cap research firms, Grass-Roots-Research (Grass-Roots-Distribution.com). The report can be viewed online at www.grass-roots-distribution.com.

The report states:

Thresher Industries, Inc. provides high quality aluminum casting alloys made from recycled aluminum and metal matrix composites. Thresher's unique metal induction cast process produces exact design specifications, differentiating it from available conventional methods. The Company is a zero emissions foundry with a low carbon footprint and seeks to benefit from the ongoing shift towards green products and technologies. Thresher is well-positioned to capitalize on rising domestic demand, especially in the automotive industry, requiring the use of eco-friendly materials and processes. The Company is in the process of raising additional capital.

We forecast significant top-line growth as the Company focuses on highly profitable markets nationwide and in Europe through its agreement with Advanced Technology Sales Associates. Revenues are projected to grow more than six times from 2008 to approximately $1.8 million in 2009. Thresher Industries, Inc. is a compelling opportunity for risk adverse investors.

The price target valuation states:

We have valued the stock using our Discounted Cash flow (DCF) method to derive short-term and long-term price targets. Our short-term price target is $0.93 reflecting a forward P/E multiple of 71.2x and 35.6x times our estimated 2009 EPS and 2010 EPS, respectively. Our conservative valuation and forecasts depend on the company's raising additional capital to remain solvent.

About Thresher Industries, Inc.

Based in Hanford, California, Thresher Industries Inc. is an eco-friendly "Made in the USA" manufacturer that provides a full range of casting capabilities, from prototypes or low volume casting to permanent mold, low pressure and high pressure castings. All raw materials are 100% recycled aluminum, sourced and processed exclusively in the U.S. Thresher's foundry is a zero-discharge, ISO 9000-compliant facility that uses bio-degradable technologies, renewable materials and proprietary processes that lower costs and the environmental footprint of its customers. 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. www.thresherindustries.com info@thresherindustries.com

SOURCE Thresher Industries, Inc.

Source: PR Newswire

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