Titan Machinery Inc. (NASDAQ:TITN) announced today that effective August 14, 2009, it has closed on the purchase of assets of Lickness Bros. Implement Co., a Case IH brand agriculture dealership in Britton, South Dakota.

Lickness Bros. Implement Co. is strategically located in the fertile James River Valley of northeast South Dakota, between Titan Machinery’s Lisbon, ND and Aberdeen, SD stores. Lickness Bros. Implement Co. generated approximately $1 million in its most recently reported fiscal year by focusing primarily on parts and service sales. Titan Machinery believes by adding a more diverse equipment selection, this store will greatly increase its overall revenue in a short period of time.

David Meyer, Titan Machinery’s Chairman and CEO, states: “For years we have had requests from the Britton area farmers to open a store in Britton, South Dakota. This is a good example of how Titan Machinery is investing in rural communities to grow the Case IH Brand and improve parts and service support for new and existing customers. We will build on the more than 50 years of Case IH heritage founded by the Lickness and Anderson families and are excited about expanding the Case IH business in this Britton market.”

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 Lickness Bros Implement Co. acquisition, the Titan Machinery network consists of 68 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 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.