2009-11-05 13:48:03 -

Titan Machinery Inc. (NASDAQ:TITN) announced today that it has closed on the acquisition of Valley Farm Equipment, Inc., a Case IH brand agriculture equipment dealership located in Milbank, South Dakota.

Valley Farm Equipment, Inc. is strategically located in the fertile Whetstone Valley in Eastern South Dakota, between Titan Machinery’s existing dealerships in Graceville, Minnesota, Watertown, South Dakota, and Aberdeen, South Dakota.

In its most recent fiscal year ended February 28, 2009, Valley Farm Equipment generated revenues of approximately $10.5 million.

David Meyer, Titan Machinery’s Chairman and CEO, said, “We are very pleased to bring the Titan Machinery operating model to the Milbank dealership. Our newest dealership will benefit from the area’s productive farmland with diversified crop and livestock. Valley Farm Equipment’s selling owner, Bob Biersbach, will continue as store manager, and Titan Machinery welcomes the depth and experience of the existing Valley Farm Equipment management and employee team. This will be an excellent addition to our network, and we believe that we will make a positive impact on the market with our quality product offerings and service.”


About Titan Machinery Inc.

Titan Machinery Inc., founded in 1980 and headquartered in Fargo, North Dakota, is a multi-unit business with mature locations and newly acquired locations. The Company owns and operates one of the largest networks of full service agricultural and construction equipment stores in North America. Including the Valley Farm Equipment, Inc. store, the Titan Machinery network consists of 72 dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska and Wyoming, including three outlet stores, representing one or more of the CNH Brands (NYSE:CNH) Case IH, New Holland Agriculture, Case Construction, New Holland Construction, Kobelco and CNH Capital. Additional information about Titan Machinery Inc. can be found at www.titanmachinery.com : .

Forward Looking Statements


Certain statements found in this press release may constitute forward-looking statements as defined by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. Such statements are generally identifiable by the terminology used, such as "anticipate," "believe," "intend," "expect," "plan," or other similar words. Our forward-looking statements in this release generally relate to the benefits related to the Valley Farm Equipment, Inc. acquisition. Although it is not possible to foresee all of the factors that may cause actual results to differ from our forward-looking statements, such factors include, among others, integrating its operations with Titan Machinery’s existing network and those risks described from time to time in our reports to the Securities and Exchange Commission. Investors should not consider any list of such factors to be an exhaustive statement of all of the risks, uncertainties or potentially inaccurate assumptions that could cause our current expectations or beliefs to change. Stockholders and other readers should not place undue reliance on "forward-looking statements," as such statements speak only as of the date of this release. We undertake no obligation to update publicly or revise any forward-looking statements.



ICR, Inc.John Mills, 310-954-1100 jmills@icrinc.com : mailto:jmills@icrinc.com