Trans-Industries, Inc. Announces Filing for Chapter 11 Reorganization

Share Name	Share Symbol	Market	Type
Trans-Industries (MM)	NASDAQ:TRNI	NASDAQ	Common Stock

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Trans-Industries (MM)

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Trans-Industries, Inc. Announces Filing for Chapter 11 Reorganization

05/04/2006 10:15pm

PR Newswire (US)

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AUBURN HILLS, Mich., April 5 /PRNewswire-FirstCall/ -- Trans-Industries, Inc. (OTC:TRNI) and its related subsidiaries including Transmatic Inc., Transign Inc., and Vultron Inc., announced today that they have filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code with the Eastern District of Michigan. Trans-Industries Board of Directors directed the company to take this action after determining that Chapter 11 reorganization is in the best interest of the company, its employees, customers, creditors and other stakeholders. This filing will allow the Company to address its financial challenges and support its ongoing efforts to become a more efficient and cost-effective company. The Company continues to focus on improving profitability and cash flow by reducing corporate management expenses and reducing fixed costs through manufacturing plant consolidations. Trans-Industries expects to continue normal business operations throughout the reorganization process. The Company expects to: -- Continue to make our customers our number one priority. -- Pay suppliers for goods and services received during the reorganization process. -- Provide employee wages, healthcare coverage, vacation, sick leave and similar benefits. This action taken is a necessary and responsible step to insure the future of Trans-Industries and our commitment to our customers, creditors and employees. Forward-Looking Statements Except for statements of historical fact, this news release contains certain forward-looking statements about the Company. Such statements are subject to significant risks and uncertainties including changes in economic and market conditions, management of growth, and other risks noted in the Company's SEC filings, which may cause actual results to differ materially. About the Company The Company is a leading provider of bus lighting systems, source extraction systems for the environmental market, and electronic systems for the display of information. These products are sold to virtually all segments of the transportation industry and to a broad range of commercial and industrial markets. Visit Trans-Industries at http://www.transindustries.com/ . DATASOURCE: Trans-Industries, Inc. CONTACT: Kai Kosanke, Chief Financial Officer of Trans-Industries, +1-248-364-0400 Web site: http://www.transindustries.com/

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TRNI Trans-Industries (MM)