Exhibit 99.1

FOR IMMEDIATE RELEASE

ESSEX RENTAL CORP. PRESENTS 2008 FOURTH QUARTER AND YEAR END RESULTS FOR ITS OPERATING SUBSIDIARY, ESSEX CRANE RENTAL CORP.

Company Expects to Generate $0.90 - $1.20 After-Tax Free Cash Flow Per Share in 2009

BUFFALO GROVE, IL – March 30, 2009 – Essex Rental Corp. (OTCBB: HYDQ; HYDQW; HYDQU) today presents results for the fourth quarter and year ended December 31, 2008 for its operating subsidiary, Essex Crane Rental Corp. (“Essex Crane”).  On October 31, 2008, Essex Rental Corp. (formerly known as Hyde Park Acquisition Corp.) (“Essex Rental”) completed its acquisition of privately held Essex Holdings LLC and its operating subsidiary, Essex Crane.  The following results are those of Essex Crane, not of Essex Rental, and are unaudited.  Essex Rental’s audited consolidated financial results, which include the operations of Essex Crane for only the two months ended December 31, 2008, are included in Essex Rental’s Form 10-K to be filed with the Securities and Exchange Commission later today.

Essex Crane Fourth Quarter 2008 Financial Highlights

·
Rental revenue for the fourth quarter of 2008 rose 16.9% to $15.9 million from $13.6 million for the fourth quarter of 2007

·
Rental EBITDA for the fourth quarter of 2008 increased 20.4% to $11.2 million, (excluding one time expenses of $4.0 million associated with the sale of the business to Essex Rental) from $9.3 million for the quarter ended December 31, 2007.

Essex Crane Full Year 2008 Financial Highlights

·
Rental revenue for the year ended December 31, 2008 rose 26.6% to $61.8 million from $48.8 million in the year ended December 31, 2007

·
2008 Rental EBITDA was $41.8 million (after deducting $2.2 million of pro-forma public company expenses and excluding one time expenses of $5.2 million associated with the sale of the business to Essex Rental), which exceeds management’s revised forecast of $41.1 million for 2008.  This compares to 2007 Rental EBITDA of $32.1 million, and is an increase of 30.2%.

Ron Schad, President and CEO of Essex Rental and Essex Crane, commented, “We are very pleased with Essex Crane’s results for 2008, which included increased rental revenues and Rental EBITDA (excluding the one time expenses mentioned below).  We also ended the year in a strong financial position, which included availability under our credit facility of nearly $40 million.  In 2008, we experienced well-balanced demand across the end markets that we serve and our financial results benefited from our strategy of transitioning our fleet towards new heavier lift capacity cranes, which generate higher average monthly rental rates and have higher utilization rates than the older lower lift capacity cranes that they are replacing.  These heavier lift capacity cranes contribute significantly to our profitability and cash flow from operations.”

Fourth Quarter Overview

Essex Crane’s total rental related revenue for the fourth quarter of 2008, which included revenue from rentals, repairs and maintenance, and transportation services (but excludes used rental equipment sales), rose 10.2% to $19.4 million from $17.6 million for the fourth quarter of 2007.  This increase in total rental revenue was driven primarily by a 16.9% increase in equipment rental revenue to $15.9 million for the three months ended December 31, 2008 from $13.6 million in the comparable quarter in 2007.

 
 

The following information was filed by Essex Rental Corp. (ESSX) on Monday, March 30, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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