Manitex International (MNTX) Announces UAE and Kingdom of Saudi Arabia Distribution Rights

November 9, 2009 9:54 AM EST

Manitex International, Inc. (NASDAQ: MNTX) today announced a distribution agreement with Darwish Bin Ahmed & Sons (DBA), a well diversified corporation with operations or distribution in 35 countries for distribution of the entirety of Manitex's crane product line throughout the emirates of Abu Dhabi & Al Ainand and The Kingdom of Saudi Arabia. Additionally, Manitex International also reached agreement for distribution throughout Dubai and the Northern Emirates with United Motors & Heavy Equipment L.L.C., also a part of DBA Group. Both of these dealers are authorized sellers of German manufactured MAN trucks, which are recognized worldwide leaders in vocational truck chassis, which will be exclusively used with the Manitex cranes.

Throughout 2009, the joint introductions by Manitex and DBA of five Manitex crane platforms into the region have been met with outstanding customer reviews and dealer feedback. With this formal agreement, it is expected the entire Manitex product line will become available through the United Arab Emirates and the Kingdom of Saudi Arabia in 2010.

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