Busy March for Manitex (NASDAQ:MNTX)

Manitex International (NASDAQ:MNTX), a provider of engineered lifting solutions including boom truck cranes, rough terrain forklifts, container handling equipment and special mission oriented vehicles, announced recently, in a press release, that Manitex, Inc., its Georgetown, Texas-based boom truck subsidiary, received orders totaling over $11.5 million. The Manitex, Inc. orders are placed for second and third quarter 2011 shipments throughout North America. The company also presented at the Roth Conference in California this week, and as I write, shares of Manitex are up nearly 10 percent at $6.16 per share on volume of more than 170,000 shares. The company has a market cap of $70 million and a 52-week range between $1.61 and $6.50 per share.

Manitex Liftking, based near Toronto, Canada, has also received $2.0 million in orders for an international specialized transporter system and military material handling equipment. The Manitex Liftking orders are with existing international customers and are expected to ship in the fourth quarter of 2011.

While weighted toward the energy sector, the Manitex, Inc. orders were placed by seven different customers serving diverse market segments that include general construction, rental fleet additions and retail sales to the Mexican market. Receipt of these orders increases the Manitex, Inc. boom truck backlog to its highest level since August 2008. The orders for Manitex Liftking are for supply to Latin America and the US military, with the transporter system reflecting a return into this highly specialized market since the past two years when demand had been particularly subdued.

Scott Rolston, Senior Vice President of Sales and Marketing for Manitex International, said, "These orders validate the market's continued confidence that Manitex supplies superior product not only for the energy and military segments and other diverse niche markets, but also that it continues to recognize our growing international presence and capabilities. These new orders, combined with our bookings in the fourth quarter of 2010, add to our optimism that our markets will continue to show substantial recovery well into 2011 and beyond."

For more information on the company, please visit: www.manitexinternational.com.

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