Manitex Capital Inc.

August 06, 2008 10:20 ET

Manitex Realizes Gain on Fieldturf Sale

MONTREAL, QUEBEC--(Marketwire - Aug. 6, 2008) - Manitex Capital Inc. (TSX:MNX) announced today that it has sold the remaining balance of its investment in Fieldturf Tarkett Inc. in a private transaction. The sale generated a pre-tax gain of Cdn $1,873,000.

Fieldturf is the world leader in a new generation of patented infilled artificial turf systems used in stadiums and parks worldwide.

About Manitex Capital Inc. Manitex specializes in acquiring interests in emerging and established companies and actively participates in building shareholder value. Manitex currently has 12,361,276 common shares outstanding which are quoted for trading on the TSX Venture Exchange (TSX:MNX).

This document may contain certain forward-looking information and statements concerning the Company's operations, performance and financial condition, including, in particular, the likelihood of the Company's success in developing and expanding its business. These statements are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements.

Contact Information

  • Manitex Capital Inc.
    Steve Saviuk
    Chief Executive Officer
    514-694-0443 (FAX)