HANFORD, Calif, March 17 /PRNewswire-FirstCall/ -- Thresher CEO Tom Flessner was happy to announce that "as of March 16, 2010 the Board decided to initiate procedures to finalize the sale of the company in an accelerated manner." On March 9, 2010, Thresher Industries received a proposal to purchase their company.

Tom Flessner President / CEO Thresher Industries (Pink Sheets:THRI) announced today; "I have been serving in the roles of President, CEO and Board Chairman as well as working with our CFO and board to complete the Talon / Asia joint venture.

By Anna Millar and Will Lyons TO ANYONE still sober enough to care, it is either one of the biggest retail blunders of all time or a fiendishly clever piece of internet marketing.

By MAGGIE BARRY OFF licence chain Thresher is bracing itself for a financial disaster after its "limited" 40 per cent discount of fer went worldwide on the internet.