BRIDGEVIEW, Ill., May 28 /PRNewswire-FirstCall/ -- Manitex International, Inc. ("Manitex" or the "Company") announced that it began trading on the NASDAQ Capital Market under the symbol "MNTX" today. Most recently, Manitex's common stock traded on the American Stock Exchange under the Company's former name, Veri-Tek International, Corp., and under the symbol "VCC." The Company's name was changed from Veri-Tek International, Corp. to Manitex International, Inc. contemporaneous with the transfer of the listing of the Company's common stock from the American Stock Exchange to the NASDAQ Capital Market.
"We anticipate that our move to the NASDAQ will enhance our visibility within the investment community and provide additional liquidity in the capital markets for our common stock," said David Langevin, Chairman and Chief Executive Officer.
About Manitex International, Inc.
Manitex International, Inc. is a leading provider of engineered lifting solutions including boom trucks, cranes, rough terrain forklifts, and special mission oriented vehicles. Through our subsidiaries, we manufacture and market a comprehensive line of boom trucks and sign cranes. Our boom trucks and crane products are primarily used in industrial projects, energy exploration and infrastructure development, including roads, bridges, and commercial construction. The Manitex Liftking subsidiary, which includes the Noble forklift product line, manufactures and sells a complete line of rough terrain forklifts and special mission oriented vehicles, as well as other specialized carriers, heavy material handling transporters and steel mill equipment. Manitex Liftking's rough terrain forklifts are used in both commercial and military applications.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include statements relating to the enhanced visibility of the Company within the investment community and the potential for additional liquidity in the capital markets for the Company's common stock. Forward-looking statements are based on current expectations and assumptions, and involve various risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements. Such risks and uncertainties, many of which are beyond the Company's control, include the ability of the Company to continue to satisfy the listing requirements of The NASDAQ Capital Market, the reaction of the investment community to the listing of the Company's common stock on The NASDAQ Capital Market, and other factors identified and discussed from time to time in the Company's filings with the Securities and Exchange Commission, including those factors discussed in the Company's most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, which discussions are also incorporated herein by reference. Actual events or the actual factual results may differ materially from any forward-looking statements due to these and other risks, uncertainties, and significant factors. All forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements included in this press release to reflect any changes in the Company's expectations with regard thereto or any changes in events, conditions, or circumstances on which such statements are based.
Company Contact:
Manitex International, Inc. Hayden Communications
David Langevin Peter Seltzberg or Brett Maas
Chief Executive Officer Investor Relations
(708) 237-2060 (646) 415-8972
djlangevin@manitex.com peter@haydenir.com