Brian Dean, Publisher of OTCPicks.com, announced today that his firm has initiated Profile Coverage of Manitex International (Nasdaq: MNTX) on their exclusive penny stock alert service. Mr. Dean comments, 'Many of our recent alerts have been making huge gains recently, so be sure to keep a close eye on this week’s new idea…
Remember AEHR which we alerted our members to at $.90 earlier this month? Well, it recently reached $1.40 and made some of our members a cool 50% in just a few short weeks.
And how about PTEK from just last week? Many members saw that one rocket over 100% the same day we alerted everyone to its breakout potential.
Did you know that according to Deutsche Bank’s building materials analyst Dan McGoey, a meeting in early December between President-elect Obama and U.S. state governors resulted in $136 billion worth of infrastructure projects being identified by the governors as "ready to go" or able to be put in place within 180 days? Some 70% of the spending was designated for highway and bridge construction projects. In fact, each year, total public construction spending amounts to roughly $316 billion, with street and highway projects eating up $82 billion of that amount.
Our latest stock idea---Manitex International (MNTX) is well positioned to benefit from the upcoming huge government spending on infrastructure projects. The company has a well established and enviable product line that includes Boom Trucks, SkyCrane Aerial Platforms, Sign Cranes, and USTC Trolley Boom Products. The Company also manufactures a complete line of rough terrain forklifts, special mission oriented vehicles, heavy material handling transporters and steel mill equipment which are utilized in the commercial and military markets.'
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About Manitex International
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
About OTCPicks.com
OTCPicks.com is an Internet destination for investors seeking information on small cap and micro cap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Disclosure: OTCPicks.com has not been compensated for MNTX advertising and promotional services.
