Manhattan Bridge Capital to Buy Back up to 100,000 Shares

Manhattan Bridge Capital has authorized a common stock repurchase plan to buy back up to 100,000 shares over the next 12 months. The Company's Chairman and CEO believes the recent decline in stock price creates an opportunity to repurchase shares and reflects confidence in the Company's business and future prospects. The manner, timing, and number of shares purchased will be at the Company's discretion.