Thomas Equipment Names Auer Regional Business Manager for Southeastern USA, South & Central America

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Francisco Auer joined Thomas Equipment as a Regional Business Manager responsible for developing Thomas Skid Steer Loader business in the Southeastern USA as well as in South America and Central America, announced Gilbert Bedard, VP, Global Sales.

Gilbert Bedard, Vice President of Global Sales at Thomas Equipment Inc., a manufacturer and marketer of Thomas Skid Steer Loaders, announced that Francisco Auer has joined Thomas as a Regional Business Manager responsible for developing Thomas Skid Steer Loader business in the Southeastern USA as well as in South America and Central America.

Auer, who is fluent in Spanish and English, has nearly two decades of professional experience ranging from import and customs management to tractor sales, will report directly to Bedard. In the USA, Auer will oversee Thomas expansion of its dealer network and customer base in Georgia, South Carolina, North Carolina, Florida, Alabama, Mississippi and Tennessee.

Petter M. Etholm, President and Chief Executive Officer of both Thomas and its parent company, Osiris Corporation (OSRS), said, "Frank will play a key role as we implement our strategy to grow the Thomas Skid Steer Loader business globally, while consistently focusing attention on serving local market needs. We welcome Frank to the Thomas team."

Bedard added, "Frank Auer brings to Thomas proven experience to help develop Thomas' business in the agricultural and construction industries as we penetrate existing markets and open new opportunities for Thomas Skid Steer Loaders in developing markets."

Ilan Danieli, Chief Operating Officer, added, "Frank is a welcome addition to our Regional Business Manager executive ranks and we are confident he will contribute to Thomas' success."

Frank Auer said, "I am happy to join a dynamic company with a clear commitment to superior product quality and excellent customer service. I look forward to working closely with my new colleagues within Thomas and with the company's growing base of Thomas Dealers and customers."

Previously, Auer was a Sales Specialist in the Agriculture and Utility Equipment Division of Kelly Tractor Company, representing such brands as Caterpillar, Agco and Toro among others. Before that he was President of Auer Logistics, a Miami-based import logistics company after serving for more than a decade in import company positions, first and an Import Coordinator at Import Services Company and then as Import Operations Manager at Clover Customs Brokers Corp., both based in Miami.

Auer is fluent in Spanish and English, holds an Associates Degree from Miami Dade Community College, and lives in Miami.

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