Thomas Equipment Names Sciocco as Regional Business Manager, Italy, for Thomas Skid Steer Loaders

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Tarcisio Sciocco joined Thomas Equipment as Regional Business Manager for Italy, where he plans to build the Thomas skid steer business in construction, mining, agriculture and other industries, announced Gilbert Bedard, Vice President of Global Sales.

Thomas Equipment Inc., a global manufacturer and marketer of Thomas Skid Steer Loaders, appointed Tarcisio Sciocco as Regional Business Manager, Italy, it was announced by Gilbert Bedard, Vice President of Global Sales.

Sciocco, who has led marketing for major heavy equipment companies in Italy and who speaks Italian and English, will report directly to Bedard.

Petter Etholm, President and Chief Executive Officer of Thomas Equipment and its parent company, Osiris Corporation (OSRS), said, "Thomas welcomes Tarcisio Sciocco and we are confident that his comprehensive knowledge of the market in Italy will contribute to Thomas's success as we focus on meeting local market needs within of global expansion strategy."

Bedard said, "Sciocco 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."

Before joining Thomas Equipment, Sciocco was Sales Manager of Antec SpA, a leading marketer of heavy equipment machines for construction, heavy mining and tunneling in Italy and manufacturer of road machinery exported worldwide. Earlier, he was Marketing Manager at both Midec SpA, Italy's former Volvo Construction Equipment distributor, and JCB SpA, the international heavy equipment company.

Sciocco said, "I am proud to be part of the Thomas team and look forward to expanding market penetration of existing markets and opening news avenues of growth for Thomas in Italy."

Ilan Danieli, Chief Operating Officer, added, "Tarcisio Sciocco epitomizes Thomas' focus on local market development to meet customer and Dealer needs as we expand globally. His expertise and leadership will provide a great addition to Thomas' ability to serve our customers in Italy."

Sciocco holds a degree in Business Administration from Universita Commerciale L. Bocconi, where he majored in Marketing. He lives in Legnano, Italy, has a daughter and enjoys sports, music and reading. He is also active in professional associations and community activities.

About Thomas Equipment, Inc.
Thomas Equipment, Inc. is a unit of Osiris Corporation (OSRS.PK),, 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:

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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