VCC Veri-Tek International, Corp

Company Changes Name to Manitex International, Inc. BRIDGEVIEW, Ill., May 13 /PRNewswire-FirstCall/ -- Veri-Tek International, Corp. (AMEX:VCC) ("Veri-Tek" or the "Company") announced today that it has received notification from The NASDAQ Stock Market LLC(R) that Veri-Tek's common stock is approved for listing on The NASDAQ Capital Market. Veri-Tek's Board of Directors has approved the decision to change the listing of Veri-Tek's common stock from The American Stock Exchange to The NASDAQ Capital Market. In addition, Veri-Tek's shareholders recently approved changing the company's name to Manitex International, Inc. Veri-Tek expects to effect the name change prior to its listing on The NASDAQ Capital Market. Veri-Tek currently is going through the required regulatory processes associated with the move to The NASDAQ Capital Market and expects its common stock to begin trading on NASDAQ under the symbol "MNTX" on Wednesday, May 28, 2008. Veri-Tek's common stock will continue to trade on The American Stock Exchange under its current symbol, "VCC," until such date. "Our listing on NASDAQ marks a significant milestone in the transformation of our company," said David Langevin, Chairman and Chief Executive Officer. "During the past 18 months we have been consistent in our approach to strategic and corporate development, taking steps to strengthen our balance sheet, streamline our operations, and improve our financial performance. We believe that this move to the NASDAQ is in the best interests of our shareholders and we expect it to result in increased visibility within the investment community and additional liquidity in the capital markets for our common stock. In addition, we felt this was the right time to change our name to Manitex International, Inc., which is our largest and most well-known brand among our materials handling product lines. We expect that the name change will result in a clearer corporate identity to our customers as well as to the specialized lifting equipment industry in which we operate." NASDAQ(R) is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, its systems trade more shares per day than any other U.S. market. NASDAQ is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com/ or the NASDAQ Newsroom(SM) http://www.nasdaq.com/newsroom. About Veri-Tek International, Corp. Veri-Tek International, Corp. is a leading provider of engineered lifting solutions including boom trucks, cranes, rough terrain forklifts, and special mission oriented vehicles. Our Manitex subsidiary manufactures and markets 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 anticipated timing of the trading of the Company's common stock on The NASDAQ Capital Market and the expectation of an orderly transfer to NASDAQ from the American Stock Exchange. 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 initial listing requirements of 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: Veri-Tek International, Corp. Hayden Communications David Langevin Peter Seltzberg or Brett Maas Chief Executive Officer Investor Relations (708) 237-2060 (646) 415-8972 DATASOURCE: Veri-Tek International, Corp. CONTACT: David Langevin, Chief Executive Officer of Veri-Tek International, Corp., +1-708-237-2060, ; or Peter Seltzberg, , or Brett Maas, both Investor Relations of Hayden Communications, +1-646-415-8972, for Veri-Tek International, Corp. Web site: http://www.veri-tek.com/ http://www.nasdaq.com/

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