Manitex Capital Inc.

September 14, 2005 15:25 ET

Manitex Realizes Gain on Fieldturf Sale

MONTREAL, QUEBEC--(CCNMatthews - Sept. 14, 2005) - Manitex Capital Inc. (TSX VENTURE:MNX) announced today that it has sold a portion of its investment in Fieldturf Holdings Inc. in a private transaction. The sale generated a pre-tax gain of $1,575,000 and reduced Manitex's holdings in Fieldturf to 1.9%.

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 is a diversified investment company. It focuses on acquiring control of significant minority positions 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 VENTURE: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) 693-8830
    (514) 694-0443 (FAX)