Thomas Skid Steer Loaders Appoints John Andrews as Regional Business Manager, Western Europe

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Thomas Equipment named John Andrews as Regional Business Manager, Western Europe, to expand its Thomas Skid Steer Loaders business. Andrews has over two decades of heavy equipment industry experience in Europe and North America.

Thomas Equipment Inc., a global manufacturer and marketer of Thomas Skid Steer Loaders, appointed John Andrews as Regional Business Manager, Western Europe, announced Gilbert Bedard, Vice President of Global Sales.

Andrews, with over two decades of heavy equipment industry experience for firms such as Caterpillar and others in North America and Europe, will be based in the U.K.

Petter Etholm, President and Chief Executive Officer, said, "Thomas welcomes John to the Thomas team and looks forward to benefiting from his expertise as we build our Thomas Skid Steer Loader brand and business in Western Europe."

Bedard said, "John brings a wealth of knowledge and experience to Thomas and will play a key role in furthering our strategic initiatives in the Europe."

Andrews will report to Mary Jane Clark, Director of European and Australian Operations, who said, "As we expand Thomas' business in existing markets and open new areas of growth in Europe, we are confident John will make a vital contribution to our progress."

Before joining Thomas, Andrews was a consultant for European companies. Prior to that, at Dana Commercial Credit and First Fleet Corp. he was responsible for business development and sales of equipment fleet management and leasing programs for Fortune 500 clients. He was also Business Development Manager of West Coast Services, Canada, for sales of construction, crane, ship loaders and other equipment. He began his career in the U.K. as a sales representative of Hall Thermotank International, focused on the European shipping industry.

Andrews said, "I am proud to be part of such a dynamic company and feel that Western Europe holds tremendous growth opportunity for ruggedly dependable Thomas Skid Steer Loaders."

Andrews was born in England, served in the Royal Navy and holds a Bachelor of Arts degree in Economics.

Thomas Equipment, online at http://www.thomas-equipment.com, 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 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.

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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