Manitex Realizes Gain on Fieldturf Sale
August 06 2008 - 10:20AM
Marketwired
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.
Contacts: Manitex Capital Inc. Steve Saviuk Chief Executive
Officer 514-693-8830 514-694-0443 (FAX)
Manitex Capital (TSXV:MNX)
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