Osiris Corporation Appoints Greg Duman Chief Financial Officer

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Petter M. Etholm, President and CEO of Osiris Corporation (OSRS), announced Greg Duman to CFO. "We are confident he will make a major contribution to Osiris," said Etholm.

Petter M. Etholm, President and Chief Executive Officer of Osiris Corporation (OSRS), announced the appointment of Greg Duman as Chief Financial Officer of Osiris.

Mr. Etholm said, "We are pleased Greg has joined our management team as CFO and feel confident he will make a major contribution to Osiris and its operating units. Since joining Osiris' Board of Directors last year, Osiris has already benefitted greatly from Greg's proven expertise."

Mr. Duman's accounting, financial, and management experience spans more than 25 years and includes executive and Board level positions with ACI Worldwide, Inc., a publicly traded software company, President of Prism Technologies LLC, a patent licensing company, and Chief Financial Officer and Executive Vice President of Transgenomic, Inc., a publicly traded bio-tech company.

Osiris is a holding company with subsidiaries engaged in manufacture and global distribution and marketing of skid steer loaders for construction, agricultural and other industries, the production and distribution of pneumatic and hydraulic systems for industrial use and the design and marketing of wireless devices for the telecommunications industry.

Osiris, online at http://www.osiriscorp.net, is the former Thomas Equipment, and is emerging from a period of financial difficulty. The company has embarked on a restructuring program to regain its market position and financial strength and has manufacturing plants in Canada and South Korea.

Osiris operating units include:

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

Mr. Duman, elected to the Board of Directors of Osiris in 2007, holds a Bachelor of Science degree in Business Administration from the University of Nebraska.

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, Inc. and its units, which provide branded and other products to the industrial markets; Thomas Equipment Asia Co. Ltd.; Thomas Ventures, Inc., Pneutech-Rousseau, 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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Brian Dobson
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