Thomas Equipment Inc. Changes Name to Osiris Corporation (OSRS.PK)

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Osiris Corporation (Nasdaq: OSRS.PK) is the new company name of Thomas Equipment Inc. Petter M. Etholm, President and Chief Executive Officer, said "Osiris will focus on industrial, agricultural and other business opportunities."

Thomas Equipment Inc. changed its company name to Osiris Corporation, with the Nasdaq symbol of OSRS.PK, Petter M. Etholm, President and Chief Executive Officer, announced today. Formerly, Thomas Equipment's stock symbol was THME.PK.

Etholm said Osiris, online at http://www.osiriscorp.net, is the holding company for the Thomas skid steer loader operations, Pneutech, producers of pneumatic and hydraulic systems and TcomT, designer of wireless devices. He added, "Osiris will focus on industrial, agricultural and other business opportunities."

Osiris, based in New York, has operational and financial support in Boston and Omaha, and manufacturing and marketing facilities in North America, Europe and Asia.

Etholm said Osiris' existing businesses include:

  •     Thomas Equipment 2004, http://www.thomasloaders.com, operates a network of dealers and distributors of Thomas Skid Steer and Mini Skid Steer loaders.
  •     Pneutech Inc., http://www.pneutech.ca, specializes in the design engineering, manufacture and distribution of pneumatic and hydraulic systems and components for automation and motion control applications.
  •     TcomT Inc., http://www.tcomt.com, designs wireless devices for the telecommunications industry.

Osiris Inc. (OSRS) is a global holding company based in New York, Boston and Omaha, and is dedicated to building business in the industrial, agricultural and related business sectors. Osiris' operating subsidiaries are located in North America (Canada), Europe, and Asia. Subsidiaries of Osiris consist of Thomas Equipment 2004, Inc. and its units, which provide branded and other products to the industrial markets; Thomas Equipment Asia Co. Ltd.; Thomas Ventures, Inc., Pneutech, Inc. and TcomT Inc. Osiris' units manufacture and market industrial and construction equipment, distribute pneumatic and hydraulic systems and design wireless devices for the telecommunications industry, among other activities.

Safe Harbor Statement
Under the Private Securities Litigation Act of 1995 - This press release discusses forward-looking statements with risks and uncertainties. OSRS results could differ materially due to various factors, including inability to finance operations or expansion and hire or retain personnel, economy and interest rate changes, and events such as terrorism. OSRS believes statements to be reasonable, but neither OSRS nor any other person can represent they will be achieved. OSRS is not obligated to update statements due to new information, events or otherwise. Please see the risk factors associated with our Company and review our SEC filings.

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