MILWAUKEE, Dec. 29, 2006 (PRIME NEWSWIRE) -- Thomas Equipment, Inc. (Other OTC:THME) ("Thomas"), has retained The Investor Relations Group, Inc. (IRG), a full-service investor relations firm, to serve as its new corporate communications and investor relations agency.
"The Investor Relations Group will focus on introducing our Company to key decision makers in both the investment community and the media in order to properly and effectively communicate our messages," said Michael S. Luther, Thomas Equipment's Chairman, Chief Executive Officer and Chief Restructuring Officer. "IRG has a great deal of experience working with small-cap companies and we feel that their knowledge and contacts within this arena will provide an excellent match for our communication needs."
IRG will strive to increase investor and industry awareness of Thomas Equipment and its products within the U.S. and world markets by introducing the Company and its management to pre-qualified fund managers and analysts, as well as financial and industry media sources.
About Thomas Equipment, Inc.
Thomas Equipment, Inc. is an innovative and technologically advanced global manufacturer of a full line of skid steer and mini skid steer loaders as well as attachments, mobile screening plants and six models of mini excavators. Thomas distributes its products through a worldwide network of distributors and wholesalers.
Pneutech, Inc. (www.pneutech-rousseau.com), established in 1973, and its subsidiaries are engaged in the fluid power industry and specialize in the design engineering, manufacture and distribution of pneumatic and hydraulic systems and components for automation and motion control applications and in the design and manufacture of world class material handling equipment such as rough-terrain forklifts and telescopic handlers.
Pneutech customers are primarily engaged in the pulp and paper, aluminum plant, forestry equipment, automotive, oil and gas, heavy equipment, hydraulics, injection molding and power generation industries. The division maintains nine manufacturing and distribution facilities in Canada and has approximately 160 employees in engineering, manufacturing, distribution, sales, service, finance, administration and management.
About The Investor Relations Group, Inc.
The Investor Relations Group, Inc. (IRG), founded in 1996, represents select publicly traded companies, with a unique specialization in assisting quality under-followed companies. IRG arranges one-on-one meetings for its portfolio companies with pre-qualified money managers, handling investment portfolios that range from $10 million to $10 billion+, selected from its proprietary contact base of more than 50,000 qualified fund managers with an investing history in small-cap stocks. IRG is a full-service corporate communications company that, among other related offerings, produces all client press releases, manages shareholder communications and acts as primary contact for the investing community. IRG also houses a full-service public relations arm that specializes in building awareness of its companies within the financial and trade media, as well as the public at large.
Safe Harbor Statement
Under the Private Securities Litigation Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of THME could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, and such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.