Thermadyne Holdings Corporation Announces Upcoming Resignation of Independent Registered Public Accounting Firm

Business Wire, July 17, 2006

ST. LOUIS -- Thermadyne Holdings Corporation (Pink Sheets:THMD):

The Company announced today that Ernst & Young, LLP will resign as the Company's independent registered public accountants. The resignation will be effective as of the date the Company files its annual report on Form 10-K for the twelve months ended December 31, 2005.

It is the Company's understanding that there have been no disagreements (as described under Item 304(a)(1)(iv) of Regulation S-K) between Ernst & Young and the Company on any matter of accounting principles or practices, financial statement disclosure or auditing scope and procedures.

The Company will file a Current Report on Form 8-K with further information within the time prescribed by the SEC.

About Thermadyne

Thermadyne, headquartered in St. Louis, Missouri, is a leading global marketer of cutting and welding products and accessories under a variety of brand names including Victor(R), Tweco(R) / Arcair(R), Thermal Dynamics(R), Thermal Arc(R), Stoody(R), and Cigweld(R). Its common shares trade on the pink sheets under the symbol THMD.PK. For more information about Thermadyne, its products and services, visit the Company's web site at www.Thermadyne.com.

Cautionary Statement Regarding Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from such statements due to a variety of factors that could adversely affect the Company's operating results. These risks and factors are set forth in documents the Company files with the Securities and Exchange Commission, specifically in the Company's most recent Annual Report on Form 10-K and other reports it files from time to time.