Thomas Equipment Names Arun Bhatnagar Regional Business Manager, Western Canada

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Gilbert Bedard, Vice President of Global Sales at Thomas Equipment, says Arun Bhatnagar brings international experience to his new post as Regional Business Manager, Western Canada, and will assist in the North American market growth of Thomas Skid Steer Loaders.

Thomas Equipment Inc., a global manufacturer and marketer of Thomas Skid Steer Loaders, today appointed Arun Bhatnagar as Regional Business Manager, Western Canada, it was announced by Gilbert Bedard, Vice President of Global Sales.

Bedard said, "Arun has a wealth of international experience and we are confident he will make a dynamic contribution to Thomas Equipment's strategic growth initiatives in North America."

Petter M. Etholm, President and Chief Executive Officer of Thomas Equipment and its parent company, Osiris Corporation (OSRS.PK), added, "Thomas Equipment is focused on providing value and performance for its customers as we develop new markets and increase sales in existing markets. We welcome Arun and look forward to working with him as a new member of our Thomas team."

Bhatnagar, a multi-lingual Canadian citizen and native of India, has extensive management experience in construction equipment and related industries in North America, the Middle East and South East Asia.

Bhatnagar said, "Thomas Equipment has a strong brand franchise in the skid steer loader market and I am excited to have an opportunity to help Thomas grow in core and emerging markets."

Previously, Bhatnagar was Business Development Manager of PHE Contractors Ltd. and before that was a consultant for Cummins Eastern Canada LP and a Business Development Consultant at Vector Technologies Inc., Toronto.

Bhatnagar, who achieved a Bachelor of Science degree in Mechanical Engineering in India, received equivalency certification from the University of Toronto. He lives in Brampton, Ontario, where he is active in civic and community activities.

Thomas Equipment, Inc., online at http://www.thomasloaders.com, is a unit of Osiris Corporation (OSRS.PK), http://www.osiriscorp.net, which provides a variety of branded and other products to industrial markets through subsidiaries including: Thomas Equipment 2004, Inc.; 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. For more information about Thomas Equipment, visit the company's website at: http://www.thomasloaders.com.

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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