OSRS Osiris Corporation (CE)

Petter M. Etholm, President and Chief Executive Officer of Osiris Corporation (Pink Sheets:OSRS), announced the appointment of Ilan Danieli as Chief Operating Officer of Osiris. Petter Etholm said, �We are pleased Ilan is joining our management team and we are confident that with his proven expertise, he will make a major contribution to all areas of business operations at Osiris and its subsidiaries.� Ilan Danieli had served as a consultant to Osiris and to its subsidiaries and before that was Vice President of Operations at Laurus Capital Management, a hedge fund at which he managed the distressed investments within the fund�s portfolio, and worked with companies requiring restructuring and turnaround from failing to profitable performance. Ilan Danieli said, �I am excited to have an opportunity to contribute to the success of Osiris and to work closely with the excellent management of the Osiris subsidiaries in the years ahead.� Osiris operating units include: Thomas Equipment, www.thomasloaders.com, operates a network of dealers and distributors of Thomas Skid Steer and Mini Skid Steer loaders. Pneutech-Rousseau Inc., www.pneutech-rousseau.com, specializes in the design engineering, manufacture and distribution of pneumatic and hydraulic systems and components for automation and motion control applications. TcomT Inc., www.tcomt.com, designs wireless telecommunications products. He received a Bachelor of Arts degree in Economics from Bar-Ilan University and a Master of Business Administration degree from the Darden School of Business at the University of Virginia. A duel citizen of the European Union and Israel, Ilan Danieli is a pilot and served in the Israeli Army as a tank commander. 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.