Open Letter to Investors and Shareholders of Thresher Industries

March 7, 2011, Hanford, California

This past year has been challenging, over the past ten months I have worked with support from many talented individuals to build on lessons learned over the past seven years. I am energized working with our restructured sales and marketing team especially with the prospects for our growth and profitability.

I have implemented significant changes as we enter this year including a restructure of our board of directors. I want to acknowledge the contributions made by Ed Gardner, and Kevin Weeks and to thank them for their valuable help with Thresher Industries and wish them well as they leave our board. An advisory committee will replace our board of directors this committee will consist of technical persons as well as a financial specialist. A change in direction was needed and with this reorganization we will be able to react faster to our customers and make appropriate changes in how we respond to new and emerging market trends.

Thresher Industries is a materials company first and foremost, our aluminum / ceramic composite alloys have proven to be of very high quality yet cost effective allowing us to penetrate markets that need the benefits of our composites and require cost effective materials and processes. Replacing heavy cast iron or steel components with composites allowing half the weight gives Thresher a true advantage. The costs to develop these materials and processes as well as the time required were underestimated. This has been a failing for Thresher Industries but those obstacles are behind us.

We are now concentrating on our core capabilities, sales and profit will drive the company this year and significant advances will occur. We are restructuring all areas of the company, adding personnel in key positions and transitioning from research and development of our technologies to production. This past year we have paid down debt, reduced our costs to manufacture and identified key markets, this will continue to be our driving methodology as we transition to a true market driven organization.

Investor relations will take calls from 9:00 AM PST until 12:00 PM PST Monday through Wednesday at 559-585-3400. Updates will be issued form our offices and posted to our website www.thresherindustries.com.

tom