Exhibit 99.1



ESSEX RENTAL CORP. REPORTS 2014 FOURTH QUARTER AND YEAR-END RESULTS

Fourth quarter Adjusted EBITDA before non-cash compensation and non-recurring expenses increased by 13.5% to $4.4 million
Company has resolved the financial reporting issues, which were solely driven by technical accounting guidance and not by lenders. Resolution will have no impact on previously reported net cash flows, cash position, revenues, net income or earnings per share.
Company has received waivers from all of its lenders.
Management will conduct a conference call to discuss its operating results at 9:00 a.m. ET on Wednesday, March 25, 2015
  
BUFFALO GROVE, IL - March 23, 2015 - Essex Rental Corp. (Nasdaq: ESSX) ("Essex") today announced its consolidated results for the fourth quarter and year ended December 31, 2014.
Fourth Quarter and Year-End 2014 Highlights

Hydraulic crawler crane utilization increased to 74.8% for the three month period ended December 31, 2014 compared to 56.7% for the three month period ended December 31, 2013;
Crawler crane rental backlog based on expected rental revenues as of December 31, 2014 increased by 34.2% compared to the backlog as of December 31, 2013;
Rough terrain crane utilization increased to 59.9% for the three month period ended December 31, 2014, compared to 54.1% for the three month period ended December 31, 2013;
City and other tower crane utilization increased to 52.3% for the three month period ended December 31, 2014 compared to 32.6% for the three month period ended December 31, 2013. Self-Erecting tower crane utilization increased to 57.6% for the three month period ended December 31, 2014 compared to 48.7% for the three month period ended December 31, 2013. Rental revenue generated from tower cranes in the quarter was at its highest level since we acquired these assets;
Equipment rental revenue increased by $1.4 million or 12.4% for the three month period ended December 31, 2014 compared to the three month period ended December 31, 2013;
Used rental equipment sales in the three month period ended December 31, 2014, which included nine traditional crawler cranes, was $5.7 million and sold at 94.6% of orderly liquidation value;
Total revenue increased by $5.8 million or 25.9% to $28.3 million for the three month period ended December 31, 2014 compared to $22.5 million for the three month period ended December 31, 2013, driven by increases in all revenue lines; and
Adjusted EBITDA before non-cash compensation and non-recurring expenses was $4.4 million for the three month period ended December 31, 2014 compared to $3.9 million for the three month period ended December 31, 2013.

Nick Matthews, President and CEO of Essex stated, “We set four key strategic initiatives for 2014: improving asset utilization, reshaping our asset portfolio and repositioning the fleet, improving quality and developing a more customer centric service oriented culture to improve customer relationships. The fourth quarter results are reflective of the progress we have made on these initiatives. Strong year over year improvement in utilization of our hydraulic crawler crane, rough terrain crane and tower crane fleets have resulted in a meaningful increase in rental revenue compared to the fourth quarter of 2013. We continue to sell excess rental fleet at an accelerated pace, with $5.7 million of rental equipment sales, including nine traditional crawler cranes in the fourth quarter, which represents a $3.2 million or 126.0% increase compared to the same quarter in the prior year.”

“As part of the initiative to become more customer centric, we have refocused the parts and service segment of the Company to drive revenue primarily through service oriented transactions such as assembly services and third party customer work, and less on rental end billing procedures. We have captured much of the decline in revenue from the rental end billing process with these



The following information was filed by Essex Rental Corp. (ESSX) on Tuesday, March 24, 2015 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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