DALLAS, Oct. 20, 2010 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company") (Nasdaq:PMFG) today announced that it has filed a definitive proxy statement with the Securities and Exchange Commission related to its annual meeting of stockholders to be held on November 18, 2010 at the Company's headquarters.

At the annual meeting, the Company's stockholders will be asked to approve two proposals to (i) elect two directors to serve until the 2013 annual meeting of stockholders, and (ii) ratify the appointment of Grant Thornton, LLP as the Company's independent registered public accounting firm for fiscal year 2011.

The Company will report the final voting results, or the preliminary voting results if the final voting results are unavailable, in a Current Report on Form 8-K within four business days following the Annual Meeting. 

Additional Information

STOCKHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE DEFINITIVE PROXY STATEMENT FILED WITH THE SEC AND OTHER RELEVANT MATERIALS, BECAUSE THEY DO AND WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE PROPOSALS TO BE VOTED ON AT THE ANNUAL MEETING.

Stockholders may obtain free copies of the Company's definitive proxy statement and its other SEC filings electronically by accessing the SEC's home page at http://www.sec.gov and at PMFG's website, www.peerlessmfg.com.

PMFG and its directors, executive officers and other persons may be deemed participants in the solicitation of proxies in connection with the proposals. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of PMFG's stockholders in connection with the proposals is set forth in the definitive proxy statement and other relevant proxy materials.

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposals and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of PMFG, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About PMFG

The Company is a leading provider of custom engineered systems and products designed to help ensure that the delivery of energy is safe, efficient and clean. The Company primarily serves the markets for power generation, natural gas infrastructure and petrochemical processing. Headquartered in Dallas, Texas, the Company markets its systems and products worldwide under the brand names of Peerless Mfg. Co., Burgess-Manning, Bos-Hatten and Alco Products.

The PMFG, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5676

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 that 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. The words "anticipate," "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. These risks and uncertainties include the Company's ability to raise additional capital and 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 SEC, including the information under Item 1A. "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2010. 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. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. 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.
CONTACT:  PMFG, Inc.          Mr. Peter J. Burlage, Chief Executive Officer          Mr. Henry G. Schopfer, Chief Financial Officer          (214) 353-5545          Fax:(214) 351-4172          www.peerlessmfg.com          14651 North Dallas Parkway, Suite 500          Dallas, Texas 75254          Cameron Associates          Kevin McGrath          (212) 245-4577          Kevin@cameronassoc.com

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