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  Peerless Mfg. Co. Opens Office in Canada

    DALLAS, April 15 /PRNewswire-FirstCall/ -- Peerless Mfg. Co. (Nasdaq:
PMFG) today announced the latest addition to its group of companies with
the recent formation of Peerless Manufacturing Canada Ltd., located in the
city of Calgary. The new office will be the focal point of Peerless'
efforts in continuing to serve the expanding western Canada oil and gas
market with the Company's line of separation, filtration, and environmental
equipment.

    Peter J. Burlage, Chief Executive Officer of the Company, stated,
"Peerless has a strong history of supplying high quality equipment to
facilities located in Canada, particularly to the tar sands region which is
experiencing ever increasing investment in facility development and
expansion. Developing an enhanced presence in Canada will better enable us
to support our customers and at the same time expand our business
opportunities in a region that is expected to continue to grow."

    About Peerless Mfg. Co.

    Peerless Mfg. Co. is engaged in the business of designing, engineering,
manufacturing and selling highly specialized products used for the
abatement of air pollution and products for the separation and filtration
of contaminants from gases and liquids. The Company headquartered in
Dallas, Texas, markets its products worldwide.

    Safe Harbor Under The Private Securities Litigation Reform Act of 1995

    Certain statements contained in this press release that are not
historical facts are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, involve a number of known and unknown risks,
uncertainties and other factors that could cause the actual results,
performance or achievements of the Company to be materially different from
any future results, performance or achievement expressed or implied by such
forward-looking statements. You should not place undue reliance on these
statements which only speak as of the date of this release. The words
"anticipate," "preliminary," "expect," "believe," "intend" and similar
expressions identify forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides a "safe harbor" for such
forward-looking statements. In order to comply with the terms of the safe
harbor, the Company notes that a variety of factors could cause actual
results and experience to differ materially from the anticipated results or
other expectations expressed in such forward-looking statements. The risks
and uncertainties that may affect the operations, performance, development
and results of the Company include: the growth rate of the Company's
revenue and market share, the consummation of new, and the non-termination
of, existing contracts; the Company's ability to effectively manage its
business functions while growing its business in a rapidly changing
environment, the Company's ability to adapt and expand its services
successfully; the quality of the Company's plans and strategies; and the
Company's ability to execute its plans and strategies. Other important
information regarding factors that may affect the Company's future
performance is included in the public reports that the Company files with
the Securities and Exchange Commission, including the information in
Item1.A, "Risk Factors" of Part I to our Annual Report on Form 10-K for the
fiscal year ended June 30, 2007. The Company undertakes no obligation to
revise any forward-looking statements or to update them to reflect events
or circumstances occurring after the date of this release, or to reflect
the occurrence of unanticipated events. The inclusion of any statement in
this release does not constitute an admission by the Company or any other
person that the events or circumstances described in such statement are
material.


For Further Information Contact: Mr. Peter J. Burlage, Chief Executive Officer Mr. Henry G. Schopfer, Chief Financial Officer Peerless Mfg. Co. 14651 North Dallas Parkway Suite 500 Dallas, Texas 75254 Phone: (214) 353-5545 Fax: (214) 351-4172 http://www.peerlessmfg.com or Kevin McGrath Cameron Associates (212) 245-4577 Kevin@cameronassoc.com
  SOURCE Peerless Mfg. Co.




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Related links:
  • http://www.peerlessmfg.com
    CONTACT:
    Mr. Peter J. Burlage, Chief Executive
    Officer, or Mr. Henry G. Schopfer, Chief Financial Officer, both
    of Peerless Mfg. Co., +1-214-353-5545, fax, +1-214-351-4172; or
    Kevin McGrath of Cameron Associates, +1-212-245-4577,
    Kevin@cameronassoc.com, for Peerless Mfg. Co.

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