Exhibit 99.1


ESSEX RENTAL CORP. REPORTS 2015 THIRD QUARTER RESULTS

Third quarter adjusted EBITDA before non-cash compensation and non-recurring expenses increased by 10.1% to $5.8 million

EBITDA is at its highest level since 2010, based on improved rental revenue and reduced operating costs

BUFFALO GROVE, IL - November 3, 2015 -
Essex Rental Corp. (Nasdaq: ESSX) ("Essex" or the “Company”) today announced its consolidated results for the third quarter ended September 30, 2015.
Third Quarter 2015 Highlights

Hydraulic crawler crane utilization remained strong at 79.2% for the three month period ended September 30, 2015 compared to 79.6% for the three month period ended September 30, 2014;
City and other tower crane utilization increased to 82.3% for the three month period ended September 30, 2015 compared to 52.7% for the three month period ended September 30, 2014. Rental revenue generated from tower cranes continued its positive trend and was at its highest quarterly level since we acquired these assets;
Coast Crane rental segment gross profit increased by approximately $600,000 or 15.0% for the three month period ended September 30, 2015 compared to the three month period ended September 30, 2014;
Parts and service gross profit increased by approximately $100,000 or 10.1% for the three month period ended September 30, 2015 compared to the three month period ended September 30, 2014;
Gross profit increased by $400,000 to $6.9 million for the three month period ended September 30, 2015 compared to $6.5 million for the three month period ended September 30, 2014;
Selling, general & administrative expenses excluding non-cash compensation and non-recurring expenses decreased by approximately $200,000 year over year and $300,000 sequentially; and
Adjusted EBITDA increased by approximately $500,000 or 10.1% and $1.3 million or 29.6% for the three month period ended September 30, 2015 compared to the three month periods ended September 30, 2014 and June 30, 2015, respectively.

Nick Matthews, President and CEO of Essex stated, “Despite a challenging equipment sales market, the Company generated its highest adjusted EBITDA excluding non-cash compensation and non-recurring costs since the acquisition of Coast Crane in late 2010. The strategic initiatives put in place last year continue to benefit the company and it is encouraging to see the early results of the cost savings initiatives that were implemented during the third quarter of 2015. We anticipate the full impact of these initiatives will become more apparent as we move forward.”

Mr. Matthews continued, “As our core business continues to improve and become more efficient, the restructuring of the Essex Crane subsidiary is progressing. This collaborative process is aimed at strategically positioning the subsidiary to ultimately provide value for all of its stakeholders.”

Third Quarter 2015 Overview

Essex Crane equipment rentals segment revenues were $9.5 million for the three month period ended September 30, 2015 versus $11.4 million for the three month period ended September 30, 2014. Essex Crane equipment rentals segment revenues include equipment rentals, transportation and used rental equipment sales revenue generated from the Essex Crane subsidiary. The $1.9 million decrease was primarily driven by a $1.3 million decrease in used rental equipment sales and a $400,000 decrease in transportation revenue. Used rental equipment sales in the third quarter of 2014 included the sale of 4 traditional crawler cranes related to the previously announced trade. Despite the decrease in revenue, gross profit from the equipment rentals segment remained flat, driven by improved margins from the used rental equipment sales and transportation.

Coast Crane equipment rentals segment revenues were $9.6 million for the three month period ended September 30, 2015 versus $10.3 million for the three month period ended September 30, 2014. Coast Crane equipment rentals segment revenues include equipment rentals, transportation and used rental equipment sales revenue generated from the Coast Crane subsidiary. The $700,000 decrease was driven by a $1.4 million decrease in used rental equipment sales, partially offset by a $600,000 increase in equipment



The following information was filed by Essex Rental Corp. (ESSX) on Wednesday, November 4, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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