Second Quarter and Year-to-Date 2009 highlights included: (1)

-- Generated net cash from operating activities in the quarter of $0.3

million compared to $0.7 million in the second quarter of 2008. For the

six months ended June 30 2009, cash generated from operating activities

was approximately $2.8 million, an improvement of $3.7 million compared

to the six months ended June 30 2008.

-- Net loss from continuing operations for the three months ended June 30

2009 was ($0.1 million) or ($0.01) per share. Net loss from continuing

operations for the six months ended June 30 2009 was ($0.1 million) or

($0.01) per share.

-- Second quarter 2009 gross profit margin of 20.9% improved 410 basis

points from the second quarter of 2008.

-- Net sales for the quarter were $11.8 million, a decline of 55% from the

second quarter of 2008.

-- Manufacturing expenses and SG&A expenses, excluding acquisitions,

declined 55% and 40% respectively compared to the second quarter of

2008 and 51% and 46% respectively for the six months ended June 30 2009

compared to the same period of 2008.

-- Working capital of $21.3 million and a current ratio (3) of 2.9 at June

30 2009, compared to $23.6 million and 2.4, respectively, at December

31, 2008.

-- EBITDA (2) from continuing operations of $0.6 million for the three

months ended June 30, 2009, equivalent to 5% of sales compared to $1.7

million and 6.4% of sales in the same period last year.

Operational Highlights-Subsequent to the end of the Quarter:

-- Announced $14.4 million of orders for international and military

customers for specialized forklifts and boom truck cranes. Current order

book 52% above December 31 2008 levels.

-- Completed acquisition of Badger Equipment Co on July 10th 2009. Provides

new market segment opportunity with newly designed rough terrain crane.

-- On July 9th 2009 completed extension of maturities of term debt and

lines of credit to April 2012.

Chairman and Chief Executive Officer David Langevin commented, "We continue to maneuver through a difficult economic environment. While our second quarter results were affected by the timing and shipment of several units which we expect to make up in the third quarter, we are heartened by the strength and growth of our backlog, especially in the large equipment material handling operations. With this strengthening backlog, we expect to see continuing improvement in our financial results in the second half of the year over the first half year, particularly in the fourth quarter of this year, which we expect to produce positive results. Given the challenges of our industry this year, we believe our performance has been well adapted to these difficult conditions."

Mr. Langevin continued, "We would also like to specifically mention some of the key attributes that we saw in the July 10th acquisition of Badger Equipment. This is an ongoing profitable organization with a capable management team that has a strong synergy with Manitex. With its new product development we believe there is a significant growth potential for this business."

Andrew Rooke, Manitex International President and Chief Operating Officer commented, "The second quarter remained a challenge as the market turmoil continued and while we were disappointed with the small loss in the quarter, we were pleased to continue to generate cash flow from operations. During the quarter, several customers postponed previously confirmed product orders due to unavailability of credit, which adversely impacted our anticipated revenues and working capital reduction initiatives. Our cost management program remains strong and total manufacturing and SG&A expenses were 49% lower in the second quarter of 2009 compared to the same period of 2008. The manufacturing cost reduction activities we initiated have allowed us to maintain the underlying strength of our gross margin, which for the quarter was a 410 basis points improvement over the same period of 2008. We are well positioned to reduce inventory during the second half of the year as raw material and certain finished units on hand at June 30th 2009 convert to sales and consequently expect to accelerate the generation of cash flow from operations in the second half of the year."

Mr. Rooke continued, "We are pleased to have announced new order intakes recently such that our current backlog is 52% higher than at December 31, 2008 levels. Initiatives that we implemented in international development and the success of our initial shipments into these markets has been rewarded with orders and a long term contract for over $14 million with deliveries commencing in the third quarter."

(1) The financial data for all years presented reflects the former Testing and Assembly Equipment segment as a discontinued operation.

(2) EBITDA is a non-GAAP (generally accepted accounting principles in the United States of America) financial measure. This measure may be different from non-GAAP financial measures used by other companies. We encourage investors to review the section below entitled "Non-GAAP Financial Measures."

(3) Current ratio is equal to current assets divided by current liabilities.

Conference Call with Slides:

Today, Thursday, August 13, 2009, management will host a conference call at 4:30 p.m. Eastern Time to discuss these results with the investment community. Investors are encouraged to join a slide presentation that will be broadcast over the internet. Please find instructions and a link to the webcast at the Manitex International corporate website, www.manitexinternational.com. You must be dialed in via teleconference to participate in the live question and answer session.

The teleconference dial-in numbers are 877-941-8631 if calling within the United States or 480-629-9820 if calling internationally. A re-play will be available until August 20, 2009, which can be accessed by dialing 800-406-7325 if calling within the United States or 303-590-3030 if calling internationally. Please use pass code 4134542 to access the replay.

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.