Manitex International Increases Distribution in Western Canada

Adds Alberta and Saskatchewan to Distribution Agreement with Cropac

Mar 23, 2011, 09:00 ET from Manitex International, Inc.

BRIDGEVIEW, Ill., March 23, 2011 /PRNewswire/ -- Manitex International, Inc. (Nasdaq: MNTX), a leading provider of engineered lifting solutions including boom truck cranes, rough terrain forklifts, container handling equipment and special mission oriented vehicles, today announced that it is expanding its distribution agreement with Cropac Equipment Inc., a premier mobile crane dealer serving customers throughout North America since 1977, and a key Manitex distributor since 1988, to include Alberta and Saskatchewan provinces in Canada.

Cropac Equipment Inc. has recently opened its latest branch in Nisku, Alberta, to strengthen its presence in a growth region in Canada. With, an expansive client base and a particularly strong presence in the energy sector, Cropac has evolved into one of North America's largest stocking Manitex dealers for its entire line of boom trucks, and now will represent Manitex from the east coast of Canada to Alberta. Cropac has already entered orders, targeted to this region, in excess of $2.2 million, which were included in an earlier contract announcement from Manitex, in the first quarter of 2011.

Randy Robertson, Director of Sales and Marketing for Manitex, Inc., said "Having worked together for the past twenty-three years, we know that Cropac shares the Manitex vision, prides itself as a leader in distribution in the boom truck market and is committed to maintaining available supply and immediate customer support. We are excited to be participating in a valued customer's expansion plans, and we are confident this new distribution agreement will lead to increased market share in western Canada for Manitex."

About Manitex International, Inc.

Manitex International, Inc. is a leading provider of engineered lifting solutions including cranes, rough terrain forklifts, indoor electric forklifts and special mission oriented vehicles, including parts support. Our Manitex subsidiary manufactures and markets a comprehensive line of boom trucks and sign cranes through a national and international dealership network. Our boom trucks and crane products are primarily used in industrial projects, energy exploration and infrastructure development, including roads, bridges, and commercial construction. Our Crane and Machinery division is a Chicago based distributor of cranes including Terex truck and rough terrain cranes, Fuchs material handlers and our own Manitex product line. Crane and Machinery provides after market service in its local market as well as being a leading distributor of OEM crane parts, supplying parts to customers throughout the United States and internationally. Our Manitex Liftking subsidiary is a provider of material handling equipment including the Noble straight-mast rough terrain forklift product line, Lowry high capacity cushion tired forklift and Schaeff electric indoor forklifts as well as specialized carriers, heavy material handling transporters and steel mill equipment. Manitex Liftking's rough terrain forklifts are used in both commercial and military applications. In July 2009, we acquired through a stock purchase, Badger Equipment Company, a Winona, Minnesota-based manufacturer of specialized rough terrain cranes and material handling products and on December 31, 2009 we acquired the operating assets of Load King Trailers, an Elk Point, South Dakota manufacturer of specialized engineered trailers and hauling systems.  In June 2010, we signed an agreement to operate on an exclusive rental basis, CVS Ferrari, located near Milan, Italy, which designs and manufacturers a range of reach stackers and associated lifting equipment for the global container handling market, sold through a broad dealer network.

Forward-Looking Statement

Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains statements that are forward-looking in nature which express the beliefs and expectations of management including statements regarding the Company's expected results of operations or liquidity; statements concerning projections, predictions, expectations, estimates or forecasts as to our business, financial and operational results and future economic performance; and statements of management's goals and objectives and other similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "we believe," "we intend," "may," "will," "should," "could," and similar expressions. Such statements are based on current plans, estimates and expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Company's future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. These factors and additional information are discussed in the Company's filings with the Securities and Exchange Commission and statements in this release should be evaluated in light of these important factors. Although we believe that these statements are based upon reasonable assumptions, we cannot guarantee future results. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Company Contact

Manitex International, Inc.

Hayden IR

David Langevin

Peter Seltzberg

Chairman and Chief Executive Officer

Investor Relations

(708) 237-2060

(646) 415-8972

djlangevin@manitexinternational.com

peter@haydenir.com

SOURCE Manitex International, Inc.



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