a
60 Cutter Mill Rd.
Suite 205
Great Neck, NY
11021
Tel: 516.444.3400
Fax: 516.444.3404

 

 

 

 

 

 

 

 

Manhattan Bridge Capital on Google+

Press Releases

#1 NYC Hard Money Lender


Manhattan Bridge Capital, Inc. Reports Results for 2016 Net Income increases by 26.8 % to over $2.8 million


LONG ISLAND, N.Y. March 15, 2017 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that net income for the year ended December 31, 2016 was
approximately $2,837,000, or $0.37 per share (based on approximately 7.6 million weighted-average outstanding
common shares), versus approximately $2,238,000, or $0.33 per share (based on approximately 6.8 million weighted-average
outstanding common shares) for the year ended December 31, 2015.


Manhattan Bridge Capital, Inc.Announces the Buy-back of up to 100,000 of its Common Shares

Great Neck, N.Y. March 14, 2017 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN )
announced that its Board of Directors has authorized a common stock repurchase allowing the buyback of up to 100,000 common
shares in market or off-market transactions at prevailing prices over the next twelve months.
The manner, timing and number of shares purchased will be at the Company’s discretion.

Manhattan Bridge Capital, Inc. Declares Quarterly Dividend

Great Neck, N.Y. February 14, 2017 / GLOBE Newswire --
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors has authorized a quarterly
dividend of $0.10 per share to be paid to all shareholders of record on April 10, 2017.


Manhattan Bridge Capital, Inc. Announces Payment of Quarterly $0.10 per Share Dividend

Great Neck, N.Y. December 21, 2016 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
announced today that, in accordance with the board approved dividend declared on October 31, 2016,
a cash dividend of $0.10 per share will be paid to all shareholders of record on December 30, 2016.


Manhattan Bridge Capital, Inc. Declares Quarterly Dividend


Great Neck, N.Y. November 1, 2016 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today
that its board of directors has authorized a quarterly dividend of $0.10 per share to be paid to all shareholders of record on December 30, 2016.


Manhattan Bridge Capital, Inc. Reports Third Quarter Results

Long Island, N.Y. October 26, 2016 / Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that total revenue
for the three month period ended September 30, 2016 was approximately $1,169,000 compared to approximately $1,032,000 for the
three month period ended September 30, 2015, an increase of $137,000, or 13.3%.


Manhattan Bridge Capital, Inc. Announces Payment of Quarterly $0.10 per Share Dividend

Long Island, N.Y. October 3, 2016 --
Manhattan Bridge Capital, Inc (NASDAQ: LOAN ) announced today that, in accordance with the board approved dividend
declared on August 1, 2016.


MANHATTAN BRIDGE CAPITAL, INC. ANNOUNCES CLOSING OF OVER-ALLOTMENT OPTION SHARES

Great Neck, NY, August 31, 2016 Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) , a real estate finance company specializing
in originating, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real estate, 
today announced that, on August 29, 2016,  Aegis Capital Corp., the sole underwriter of its previously announced public
offering of 672,269 common shares at a price to the public of $5.95 per share, has elected to fully exercise the over-allotment
option for an additional 100,840 common shares.  The closing with respect to these over-allotment option shares was
consummated on August 31, 2016.


MANHATTAN BRIDGE CAPITAL, INC. ANNOUNCES CLOSING OF PUBLIC OFFERING OF COMMON SHARES

Great Neck, NY, August 15, 2016 Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) , a real estate finance company specializing
in originating, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real estate, 
today announced the closing of its previously announced public offering of 672,269 common shares at a price to the public of $5.95 per share. 


MANHATTAN BRIDGE CAPITAL, INC.PRICES PUBLIC OFFERING OF 672,269 COMMON SHARES

Great Neck, NY, August 9, 2016
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN), a real estate finance company specializing in originating, funding, servicing a managing a portfolio of short-term loans secured by first mortgage liens on real estate, today announced the pricing of anunderwritten public offering of 672,269common shares, par value $0.001 per share,at aprice to the public of $5.95 per share.


MANHATTAN BRIDGE CAPITAL, INC.ANNOUNCESPROPOSED PUBLIC OFFERING OF COMMON STOCK


Great Neck, NY, August 9, 2016 Manhattan Bridge Capital, Inc. (NASDAQ: LOAN), a real estate finance company specializing in
originating, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real estate, today
announced that it intends to offer for sale its common shares in an underwritten public offering.

Manhattan Bridge Capital, Inc. Increases its Quarterly Dividend from $0.09 to $0.10


Great Neck, N.Y. August 1, 2016 / GLOBE Newswire --
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors had approved a $0.10
per share quarterly dividend to be paid to all shareholders of record on October 11, 2016 with pay date on October 17, 2016.  


Manhattan Bridge Capital, Inc. Reports Second Quarter Results
27.9% Increase in Revenues and 34.0% Increase in Net Income


LONG ISLAND, N.Y. July 28, 2016 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that its total revenue for the three month period ended June 30, 2016
was approximately $1,166,000 compared to approximately $912,000 for the three month period ended June 30, 2015

Manhattan Bridge Capital, Inc. Announces Payment of Quarterly $0.09 per Share Dividend

Long Island, N.Y. July 1, 2016 / GLOBE Newswire --
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN ) announced today that, in accordance with the board approved dividend declared on
May 2, 2016, a cash dividend of $0.09 per share will be paid to all shareholders of record on July 8, 2016 with pay date on July 15, 2016. 

Manhattan Bridge Capital, Inc. Declares Quarterly Dividend

Great Neck, N.Y. May 2, 2016 / GLOBE Newswire --
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors had approved
a $0.09 per share quarterly dividend to be paid to all shareholders of record on July 8, 2016 with pay date on July 15, 2016.  


Manhattan Bridge Capital Reports 46.0% Increase in Net Income


Great Neck, N.Y. May 2, 2016 / GLOBE Newswire
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that net income for the three month period ended
March 31, 2016 was approximately $695,000 or $0.10 per share, versus approximately $476,000 or $0.08 per share for the
three month period ended March 31, 2015

Manhattan Bridge Capital, Inc. Announces Closing of Public Offering of Senior Secured Notes
by its Wholly Owned Subsidiary MBC Funding II Corp.


Great Neck, N.Y.April 25, 2016 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN),a “hard money”
lender specializing in short-term loans secured by real estate, today announced the closing of its previously
announced public offering of $6,000,000 aggregate principal amount of 6% senior secured notes due April 22, 2016


Manhattan Bridge Capital, Inc. Prices $6,000,000 Offering Of
Senior Secured Notes Issued by its Wholly-Owned Subsidiary, MBC Funding II Corp


Great Neck, NY, APRIL 15, 2016 – Manhattan Bridge Capital Inc. (NASDAQ: LOAN) (“LOAN” or “the Company”),
MBC Funding II Corp (NYSE: LOAN/26) (“Funding”), a real estate lender specializing in short-term, “hard money” real estate loans,

Manhattan Bridge Capital, Inc. Announces Payment of Quarterly $0.085 per Share Dividend


Long Island, N.Y. April 1, 2016 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today
that, in accordance with the board approved dividend declared on February 11, 2016, a cash dividend of $0.085 per share
will be paid to all shareholders of record on April 8, 2016 with pay date on April 15, 2016.

Manhattan Bridge Capital, Inc. Reports Results for 2015
Revenue increases by 37.8% to approximately $4 million
Net Income increases by 53.8 % to approximately $2.2 million

LONG ISLAND, N.Y. March 8, 2016 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that net income for the year ended December 31, 2015 was
approximately $2,238,000, or $0.33 per share, versus approximately $1,455,000, or $0.29 per share for the
year ended December 31, 2014.

Manhattan Bridge Capital, Inc. Declares Quarterly Dividend

Long Island, N.Y. February 12, 2016 / GLOBE Newswire --
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors had
approved a $0.085 per share quarterly dividend to be paid to all shareholders of record on
April 8, 2016 with pay date on April 15, 2016

Manhattan Bridge Capital, Inc. Announces Payment of Quarterly $0.085 per Share Dividend

Long Island, N.Y. December 21, 2015 / GLOBE Newswire --
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that in accordance with the board approved
dividend declared November 2, 2015, a cash dividend of $0.085 per share will be paid to all shareholders of record
on December 31, 2015 with pay date on January 15, 2016. 

Manhattan Bridge Capital, Inc. Declares Increased Quarterly Dividend of $0.085 Per Share

Long Island, N.Y. November 2, 2015 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced
today that its board of directors had approved an increased  $0.085 per share quarterly dividend to be paid to all
shareholders of record on December 31, 2015 with pay date on January 15, 2016.  

Manhattan Bridge Capital, Inc. Reports Third Quarter Results - 49.0% Increase in Net Income

Long Island, N.Y. October 29, 2015 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that total revenues for the three month period ended September 30, 2015
were approximately $1,032,000 compared to approximately $766,000 for the three month period ended September 30, 2014,
an increase of $266,000, or 34.7%.


Manhattan Bridge Capital, Inc. Announces Payment of Quarterly $0.08 per Share Dividend

Long Island, N.Y. October 1, 2015 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced
today that in accordance with the board approved dividend declared August 3, 2015, a cash dividend of $0.08 per share
will be paid to all shareholders of record on October 9, 2015 with pay date on October 15, 2015.


Manhattan Bridge Capital, Inc. Announces the Buy-back of up to 150,000 of its Common Shares

Long Island, N.Y. August 26, 2015 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced that its
Board of Directors has authorized a common stock repurchase allowing the buyback of up to 150,000 common shares


Manhattan Bridge Capital, Inc. Declares Quarterly Dividend

Long Island, N.Y. August 3, 2015 / GLOBE Newswire --
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors had approved a $0.08 per share
quarterly dividend to be paid to all shareholders of record on October 9, 2015 with pay date on October 15, 2015.  

Manhattan Bridge Capital, Inc. Reports Second Quarter Results
44.8% Increase in Revenues and 25.9% Increase in Net Income

LONG ISLAND, N.Y. July 31, 2015 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that its total revenue for the three month period ended June 30, 2015 was approximately $912,000 compared to approximately $630,000 for the three month period ended June 30, 2014, an increase of $282,000, or 44.8%. For the three month period ended June 30, 2015


Manhattan Bridge Capital, Inc. Announces Payment of Quarterly $0.08 per Share Dividend

Long Island, N.Y. July 6 2015 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN), a cash dividend of $0.08 per share will be paid to all shareholders of record on July 10, 2015 with pay date on July 15, 2015.   


Manhattan Bridge Capital, Inc. Announces Closing of Over-Allotment Option Shares

Great Neck, N.Y. June 24, 2015 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN), a “hard money” lender specializing
in short-term loans secured by real estate, today announced that, on June 19, 2015,  Aegis Capital Corp., the sole underwriter of its previously announced public offering of 1,015,000 common shares at a price to the public of $4.39 per share, has elected to partially


Manhattan Bridge Capital, Inc. Announces Closing of Public Offering

Great Neck, N.Y.May 29, 2015 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN), a “hard money” lender specializing
in short-term loans secured by real estate, today announced the closing of its previously announced public offering of 1,015,000
common shares at a price to the public of $4.39 per share. 


MANHATTAN
BRIDGE CAPITAL ANNOUNCES PRICING OF PUBLIC OFFERING OF COMMON SHARES

Great
Neck, NY, May 22, 2015 Manhattan Bridge Capital Inc. (NASDAQ: LOAN) (“the Company”), a real estate lender
specializing in short-term, “hard money” real estate loans, today announced the pricing of an underwritten public offering
of 1,015,000 common shares, par value $0.001 per share, at a price to the public of $4.39 per share.

Manhattan Bridge Capital, Inc. Declares Quarterly Dividend

Long Island, N.Y. May 5, 2015 / GLOBE Newswire --
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors had approved
a $0.08 per share quarterly dividend to be paid to all shareholders of record  on July 10, 2015 with pay date on July 15, 2015.   

Manhattan Bridge Capital Reports 49.8% Increase in First Quarter Revenues
128% Increase in Net Income and 60% Increase in Earnings Per Share

LONG ISLAND, N.Y. May 1, 2015 / GLOBE Newswire Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
announced today that total revenues for the three month period ended March 31, 2015 were approximately
$912,000 compared to approximately $609,000 for the three month period ended March 31, 2014.

Manhattan Bridge Capital, Inc. Reports Results for 2014
Revenue increases by 28.5% to approximately $2.9 million
Net Income increases by 149.6 % to approximately $1.455 million


LONG ISLAND, N.Y. March 23, 2015 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that net income for the year ended December 31, 2014 was $0.29 per share or approximately $1,455,000, versus $0.14 per share, or approximately $583,000 for the year ended December 31, 2013.

Manhattan Bridge Capital, Inc. Increases its First Quarter Dividend

Long Island, N.Y. March 18, 2015 / GLOBE Newswire --
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors had increased to $0.08 per share its previously declared $0.07 first quarter dividend. The dividend will be paid on April 15, 2015 to shareholders of record on April 10, 2015.

Manhattan Bridge Capital, Inc. Establishes a Three-year $14 Million Revolving Line of Credit

Long Island, N.Y. March 2, 2015 / GLOBE Newswire
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that it has entered into a Line of Credit Agreement with Webster Business Credit Corporation pursuant to which the lender has agreed to advance up to $14 million at an interest rate of either LIBOR plus 4.75% or Prime plus $3.25% against assignments of mortgages and other collateral. The new line of credit will replace the $7 million line of credit the Company has with Sterling National Bank.

Manhattan Bridge Capital, Inc. Re-declares its Fourth Quarter Dividend

Long Island, N.Y. December 17, 2014 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that its board of directors declared a $0.08 quarterly dividend instead of the $0.07 quarterly dividend that was previously declared. The dividend will be paid to all shareholders of record on January 10, 2015.

 

Manhattan Bridge Capital, Inc. Reports Third Quarter Results

 Long Island, N.Y. October 30, 2014 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that total revenues for the three month period ended September 30, 2014 were approximately $766,000 compared to approximately $585,000 for the three month period ended September 30, 2013.


Manhattan Bridge Capital, Inc. to Report Results for the Third Quarter on October 30, 2014

Great Neck, N.Y. October 27, 2014 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN),
a “hard money” lender specializing in short-term loans secured by real estate, today announced that it will release its unaudited financial results for the three-months and nine-months ended September 30, 2014.

 

Manhattan Bridge Capital, Inc. to Present at Institutional Investor Best Ideas Conference in New York City

Great Neck, N.Y. -- (GLOBE Newswire – October 7, 2014) - Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
("Manhattan Bridge Capital" or the "Company"), a “hard money” lender specializing in short-term loans secured by real estate, today announced its participation in the upcoming Institutional Investor Best Ideas Conference hosted bySABR Capital Management and Schulte Roth & Zabel LLP in New York City, Wednesday, October 8th, 2014.

Manhattan Bridge Capital, Inc. Announces Payment of Quarterly $0.07 per Share Dividend

Long Island, N.Y. October 1, 2014 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that in accordance with the dividend program that was announced on June 9, 2014, a cash dividend of $0.07 per share will be paid to all shareholders of record on October 10, 2014 with pay date on October 15, 2014.


Interview With Manhattan Bridge Capital's CEO

Summary

  • The company's CEO believes the shares are substantially undervalued.
  • It pays out most of its earnings to shareholders as a REIT.
  • Current yield is 10%.

Manhattan Bridge Capital, Inc. Engages American Capital Ventures for Investor Relation
Services and SABR Capital Management for Capital Markets Advisory

September 8, 2014 7:00 AM
Great Neck, N.Y. -- (GLOBE Newswire – September 8, 2014) - Manhattan Bridge Capital, Inc.
(Nasdaq: LOAN) ("Manhattan Bridge Capital" or the "Company"), a “hard money” lender specializing in short-term loans secured by real estate, today announced that it has engaged both American Capital Ventures ("ACV"), a boutique provider of comprehensive investor relations and financial marketing to the micro and small-cap community and TriPoint Global Equities, LLC, along with SABR Capital Management (“SABR”),


Manhattan Bridge Capital, Inc. Reports Second Quarter Results

LONG ISLAND, N.Y. August 13, 2014 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that its total revenue for the three month period ended June 30, 2014 was approximately $630,000 compared to approximately $554,000 for the three month period ended June 30, 2013, an increase of $76,000 or 13.7%. For the three month period ended June 30, 2014

Manhattan Bridge Capital, Inc. to Report Results for the Second Quarter on August 13, 2014

Great Neck, N.Y. August 8, 2014 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN),
a “hard money” lender specializing in short-term loans secured by real estate, today announced that it will release its unaudited financial results for the three-months and six-months

Manhattan Bridge Capital, Inc. Announces Closing of Public Offering

Great Neck, N.Y. July 31, 2014 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN),
a “hard money” lender specializing in short-term loans secured by real estate, today announced the closing of its previously

Manhattan Bridge Capital Announces Pricing of Public Offering of Common Shares

Great Neck, NY, July 28, 2014–Manhattan Bridge Capital Inc. (NASDAQ: LOAN), a real estate lender specializing in short-term, “hard money” real estate loans, today announced the pricing of an underwritten public offering of 1,754,386 common shares, par value $0.001 per share, at a price to the public of $2.85 per share.


Manhattan Bridge Capital, Inc. Announces Payment of Quarterly $0.07 per Share Dividend

Long Island, N.Y. June 30, 2014 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that in accordance with the dividend program that was announced on June 9, 2014, a cash dividend of $0.07 per share will be paid to all shareholders of record on July 10, 2014 with pay date on July 15, 2014.

Manhattan Bridge Capital, Inc. Increases its Annual Dividend to $0.28 per Share

Long Island, N.Y. June 9, 2014 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that it had increased its annual dividend to $0.28 per common share, payable in four equal quarterly instalments on July 15, 2014, October 15, 2014, January 15, 2015

Manhattan Bridge Capital, Inc. Reports First Quarter Results

LONG ISLAND, N.Y. May 1, 2014 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Total revenues for the three month period ended March 31, 2014 were approximately $609,000 compared to approximately $534,000 for the three month period ended March 31, 2013, an increase of $75,000 or 14%. The increase in revenue represents an increase in lending operations.

Manhattan Bridge Capital, Inc. Announces Payment of First Quarterly $0.02 per Share Dividend

Long Island, N.Y. May 1, 2014 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that in accordance with the dividend program that was announced on February 4, 2014, a cash dividend of $0.02 per share will be paid to all shareholders of record on May 15, 2014 with pay date on May 20, 2014.

Manhattan Bridge Capital, Inc. Reports Results for Fiscal Year 2013

LONG ISLAND, N.Y. March 24, 2014 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that net income for the year ended December 31, 2013 was $0.14 per basic share and per diluted share (based on 4.269 million shares and 4.290 million shares, respectively), or approximately $583,000, versus $0.09 per basic share and per diluted share (based on 4.320 million shares and 4.326 million shares, respectively), or approximately $389,000 for the year ended December 31, 2012.

Manhattan Bridge Capital, Inc. Doubles its Quarterly Dividend to $0.02 per Share

Long Island, N.Y. February 4, 2014 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) Manhattan Bridge Capital, Inc. announced today that it would pay a $0.02 per share dividend to shareholders of record on May 15, 2014

Manhattan Bridge Capital, Inc. Announces Payment of Fourth Quarterly $0.01 per Share Dividend

Long Island, N.Y. February 3, 2014 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) Manhattan Bridge Capital, Inc. announced today that in accordance with the dividend program that was announced on May 2, 2013

Manhattan Bridge Capital, Inc. Increases its Revolving Line of Credit to $7 Million

Long Island, N.Y. December 16, 2013 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that its Revolving Line of Credit with Sterling National Bank has been increased to up to $7 million, $2 million more than the previous limit. The terms of the increased line are similar to the terms of the original line established on May 2, 2012.

 

Manhattan Bridge Capital, Inc. Announces Payment of Third Quarterly $0.01 per Share Dividend

Long Island, N.Y. November 1, 2013 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that in accordance with the dividend program that
was announced on May 2, 2013, a cash dividend of $0.01 per share will be paid to all shareholders
of record on November 15, 2013 with pay date on November 20, 2013.

Manhattan Bridge Capital, Inc. Reports Third Quarter Results - New Record for the Lending Operations

Long Island, N.Y. October 30, 2013 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that total revenues for the three month period ended September 30, 2013 were approximately $585,000 compared to approximately $491,000 for the three month period ended September 30, 2012, an increase of $94,000 or 19.1%. The increase in revenue represents an increase in lending operations.

Manhattan Bridge Capital, Inc. Announces Payment of Second Quarterly $0.01 per Share Dividend

Long Island, N.Y. August 2, 2013 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that in accordance with the dividend program that was announced on May 2, 2013, a cash dividend of $0.01 per share will be paid to all shareholders of record on August 15, 2013 with pay date on August 20, 2013.

 

Manhattan Bridge Capital, Inc. Doubles Net Earnings

LONG ISLAND, N.Y. July 31, 2013 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that its total revenue for the three month period ended June 30, 2013 was approximately $554,000 compared to approximately $415,000 for the three month period ended June 30, 2012, an increase of $139,000 or 33.5%. For the three month period ended June 30, 2013, approximately $448,000 of the Company's revenue represents interest income on the secured, commercial loans that the Company offers to small businesses compared to approximately $332,000 for the same period in 2012.

Manhattan Bridge Capital, Inc. Reports First Quarter Results 36.2% Increase in Revenue

>LONG ISLAND, N.Y. May 3, 2013 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Total revenues for the three month period ended March 31, 2013 were approximately $534,000 compared to approximately $392,000 for the three month period ended March 31, 2012, an increase of $142,000 or 36.2%. The increase in revenue represents an increase in lending operations. In 2013, approximately $445,000 of our revenue represents interest income on secured, commercial loans that we offer to small businesses compared to approximately $308,000 for the same period in 2012.

 

Manhattan Bridge Capital, Inc. Declares Four Quarterly Dividends of $0.01 per Share

Long Island, N.Y. May 2, 2013 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that it would pay a $0.01 per share dividend to shareholders of record on May 15, 2013, August 15, 2013, November 15, 2013 and February 14, 2014 with pay dates on May 20, 2013, August 20, 2013, November 20, 2013 and February 20, 2014.

 

Manhattan Bridge Capital, Inc. - Court Approves Settlement of Derivative Action

NEW YORK, N.Y. April 3, 2013 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN), (the “Company”) announced today that the Stipulation and Agreement of Settlement of an action brought by Alan R. Kahn, derivatively on behalf of the Company against the directors of the Company and the Company, as a nominal defendant,

 

Manhattan Bridge Capital, Inc. Reports Results for Fiscal Year 2012

NEW YORK, N.Y. March 22, 2013 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that total revenue for the year ended December 31, 2012 was $1,816,000 compared to $1,400,000 for the year ended December 31, 2011, an increase of $416,000 or 29.7%. The increase in revenue represents an increase in lending operations.

 

Manhattan Bridge Capital, Inc. Enters Into An Agreement for Settlement
Of The Pending Derivative Action, Subject to Court Approval

NEW YORK, N.Y. February 15, 2013 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN),(the “Company”) announced today it had entered into Stipulation and Agreement of Settlement of an action brought by Alan R. Kahn, derivatively on behalf of the Company  against the directors of the Company and the Company, as a nominal defendant.

 

Manhattan Bridge Capital, Inc. Increases its  Revolving Line of Credit to $5 Million

Long Island, N.Y. February 4, 2013 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that its Revolving Line of Credit with Sterling National Bank was increased to up to $5 million, $1.5 million more than the previous limit. The terms of the increased line are similar to the terms of the original line established on May 2, 2012.  

 

Manhattan Bridge Capital, Inc. Regains Full Compliance with NASDAQ Marketplace Rule 5550(a)(2)

NEW YORK, N.Y. November 13, 2012 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN),
(the “Company”) announced today that the Company received a letter from the NASDAQ on November 13, 2012 that it has regained full compliance with NASDAQ Marketplace Rule 5550(a)(2), NASDAQ’s minimum stock bid price requirements to remain listed on the NASDAQ Stock Market.

 

Manhattan Bridge Capital, Inc. Reports Third Quarter Results, 39.9% Increase in Revenue

NEW YORK, N.Y. October 29, 2012 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that total revenues for the three month period ended September 30, 2012 were approximately $491,000 compared to approximately $351,000 for the three month period ended September 30, 2011, an increase of $140,000 or 39.9%.

 

Manhattan Bridge Capital, Inc. Announces the Buy-back of up to 100,000 of its Common Shares

NEW YORK, September 19, 2012 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN - news) announced that its Board of Directors has authorized a common stock repurchase allowing the buyback of up to 100,000 common shares in market or off-market transactions at prevailing prices over the next twelve months.

 

Manhattan Bridge Capital, Inc. Reports 21% Increase in Revenue

LONG ISLAND, N.Y. August 6, 2012 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that its total revenue for the three month period ended June 30, 2012 was approximately $415,000 compared to approximately $342,000 for the three month period ended June 30, 2011, an increase of $73,000 or 21.3%.

 

Manhattan Bridge Capital, Inc. Receives from Nasdaq a 180 days’ Notice of Delisting for Failure to Maintain a $1 Minimum Bid Price

LONG ISLAND, August 6, 2012 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN - news)
Manhattan Bridge Capital, Inc. announced today it has received from the NASDAQ Stock Market ("Nasdaq") a 180 days’ notice of delisting for failure to maintain a minimum $1.00 closing bid price per share for the Company's common stock for the last 30 consecutive business days, as required for continued listing under Nasdaq Listing Rule 5550(a)(2). 

 

Manhattan Bridge Capital, Inc. Reports First Quarter Results 15.6% Increase in Revenue

LONG ISLAND, N.Y. May 8, 2012 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that total revenues for the three month period ended March 31, 2012 were approximately $392,000 compared to approximately $339,000 for the three month period ended March 31, 2011, an increase of $53,000 or 15.6%.

 

Manhattan Bridge Capital, Inc. Establishes a $3.5 Million 6% Revolving Line of Credit

Long Island, N.Y. May 7, 2012 / GLOBE Newswire -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that it had entered into a Line of Credit Agreement with Sterling National Bank pursuant to which the Bank has agreed to advance up to $3.5 million against assignments of mortgages and other collateral.

 

Manhattan Bridge Capital, Inc. Responds to Seeking Alpha Report 

NEW YORK, N.Y. March 23, 2012 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
On March 21, 2012, SeekingAlpha.com opined that the interest rate paid by Manhattan Bridge Capital to its CEO, is too high.  SeekingAlpha voices this opinion even though the total interest paid in 2011 was only $455. 

 

Manhattan Bridge Capital, Inc. Reports Fiscal Year 2011 Increase in Revenue

NEW YORK, N.Y. March 21, 2012 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that total revenue for the year ended December 31, 2011 was $1,400,000 compared to $1,210,000 for the year ended December 31, 2010, an increase of $190,000 or 15.7%. The increase in revenue represents an increase in lending operations. In 2011, $1,142,000 of the Company’s revenue represents interest income on secured, commercial loans that the Company offers to small businesses compared to $994,000 in 2010, and $259,000 represents origination fees on such loans compared to $216,000 in 2010.



Manhattan Bridge Capital, Inc. Reports Third Quarter Results

         
 NEW YORK, N.Y. November 14, 2011 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) Manhattan Bridge Capital, Inc. announced today that total revenues for the three month period ended September 30, 2011 were approximately $351,000 compared to approximately $306,000 for the three month period ended September 30, 2010, an increase of $45,000 or 14.7%. The increase in revenue represents an increase in lending operations. For the three month period ended September 30, 2011, $284,000 of our revenue represents interest income on the secured commercial loans that we offer to small businesses compared to $256,000 for the same period in 2010, and $67,000 represents origination fees on such loans compared to $51,000 for the same period in 2010.

 

Who Is Not Lending?

NEW YORK, N.Y. October 13, 2011 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
In the past two months, Manhattan Bridge Capital, Inc. has experienced an unusually high rate of loan returns. Though research and analysis we learned that our customers find it is easier to sell their investment properties since their customers are being readily approved for low rate mortgages. In fact, we found out that it became as easy as before the 2008 financial meltdown for a low income home buyer to arrange a good mortgage in New York City. In many cases, the mortgages are FHA, government backed loans.

 

Manhattan Bridge Capital, Inc. Reports Second Quarter Results

NEW YORK, N.Y. August 10, 2011 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)

Manhattan Bridge Capital, Inc. announced today that its total revenue for the three month period ended June 30, 2011 was approximately $342,000 compared to approximately $315,000 for the three month period ended June 30, 2010, an increase of 9%. For the three month period ended June 30, 2011, $276,000 of the Company's revenue represented interest income on the short term secured commercial loans that the Company offers to small businesses compared to $260,000 for the same period in 2010, and $66,000 represents origination fees on such loans compared to $55,000 for the same period in 2010. The increase in revenue represents an increase in lending operations.

 

Manhattan Bridge Capital, Inc. Supplements its Proxy Material for the 2011 Annual Meeting of Stockholders

NEW YORK, N.Y. August 9, 2011 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
      Manhattan Bridge Capital, Inc., to facilitate access to the section of its recently mailed Proxy Material for the Annual Meeting of Stockholders to be held on September 9, 2011, today reissued the following section of that material detailing the reason for and the benefits to the Company of its proposed grant of restricted shares of Common Stock to its Chief Executive Officer.

 

Manhattan Bridge Capital, Inc. Announces Departure of CFO

NEW YORK, N.Y. June 30, 2011 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
      Manhattan Bridge Capital, Inc. announced today that Vanessa Kao, has been elected CFO to replace Inbar Evron-Yogev who resigned today from all of her positions with the Company to pursue other career opportunities.

Manhattan Bridge Capital, Inc., offers short-term loans to real estate investors (also known as hard money) to fund their acquisition and construction of properties located in the New York Metropolitan area.  Currently, our customers’ purchases are often from banks or distressed sellers.  Substantially all of our loans are secured by first mortgages on the acquired real estate.  In addition, the principals of our corporate borrowers personally guaranty the loans and, as additional collateral and protection, pledge the borrower’s stock.  We operate the web site: http://www.manhattanbridgecapital.com

 

Manhattan Bridge Capital, Inc. Reports First Quarter Results 16% Increase in Revenue

NEW YORK, N.Y. May 12, 2011 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
      Manhattan Bridge Capital, Inc. announced today that total revenues for the three month period ended March 31, 2011 were approximately $339,000 compared to approximately $291,000 for the three month period ended March 31, 2010 an increase of $48,000 or 16%.  In 2011, $282,000 of the Company’s revenue represented interest income on the short-term, secured, non–banking loans that the Company offers to real estate investors compared to $236,000 for the same period in 2010, and $56,000 represents origination fees on such loans compared to $55,000 for the same period in 2010. The increase in revenue represents an increase in lending operations.

 

Manhattan Bridge Capital Inc. Announces the Closing of a $500,000 Private Placement of 6 5/8% 3 Year Notes

NEW YORK, N.Y. December 29, 2010/ PRIME Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN- news) 

Manhattan Bridge Capital Inc. (NASDAQ: LOAN), announced today that it had closed a $500,000 private placement offering to accredited investors of three-year 6 5/8% per annum secured notes, to be held to maturity.  The offering was managed by Paulson Investment Company, Inc. (NASDAQ:PLCC) For the purpose of the offering, the Company established a wholly-owned subsidiary named MBC Funding I. The notes are secured by first mortgage positions or cash in a ratio of $1.50 of collateral for each $1 invested plus a parent company guarantee. The Company will pay a one-time 5 % concession fee to Paulson Investment Company, Inc. and $55,000 in legal fees.

 

Manhattan Bridge Capital, Inc. Reports Fiscal Year 2010 Further Increase in Revenue and Earnings

NEW YORK, N.Y. March 16, 2011 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
            Manhattan Bridge Capital, Inc. announced today that total revenues for the year ended December 31, 2010 were approximately $1,210,000 compared to approximately $1,039,000 for the year ended December 31, 2009, an increase of $171,000 or 16.4%. The increase in revenue represents an increase in lending operations. For the year ended December 31, 2010, $994,000 of our revenue represents interest income on the short term secured commercial loans that we offer to small businesses compared to $840,000 in 2009 and $216,000 represents origination fees on such loans compared to $199,000 in 2009.

 

Manhattan Bridge Capital, Inc. Reports Third Quarter Financial Results
         
NEW YORK, N.Y. October 27, 2010 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
       Manhattan Bridge Capital, Inc. announced today that total revenues for the three month period ended September 30, 2010 were approximately $306,000 compared to approximately $289,000 for the three month period ended September 30, 2009, an increase of $17,000 or 5.9%. The increase in revenue represents an increase in lending operations. For the three month period ended September 30, 2010, $256,000 of our revenue represents interest income on the short term secured commercial loans that we offer to small businesses compared to $235,000 for the same period in 2009, and $51,000 represents origination fees on such loans compared to $54,000 for the same period in 2009.

 

Manhattan Bridge Capital, Inc. Reports Second Quarter Results 158% Increase in Net Income

NEW YORK, N.Y. August 3, 2010 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc. announced today that total revenue for the three month period ended June 30, 2010 was approximately $315,000 compared to approximately $250,000 for the three month period ended June 30, 2009 an increase of 26%. For the three month period ended June 30, 2010, $260,000 of the Company's revenue represented interest income on the short term secured commercial loans that the Company offers to small businesses compared to $204,000 for the same period in 2009, and $55,000 represents origination fees on such loans compared to $46,000 for the same period in 2009. The increase in revenue represents an increase in lending operations.

 

ManhattanBridge Capital Engages Avalon Group, Ltd. to Explore Strategic Initiatives

NEW YORK, N.Y. July 12, 2010 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) (“Manhattan Bridge Capital” or the “Company”), today announces that it had engaged Avalon Group, Ltd., a New York City based investment banking firm, as a financial advisor to explore strategic initiatives including capital formation, business development and growth aimed at enhancing shareholder value.

 

Seeking Alpha Issued a Report on Manhattan Bridge Capital

NEW YORK, N.Y. May 18, 2010 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN), provides short term, secured, non-banking, commercial loans to small businesses, announced today that on May 12, 2010, it was featured on SeekingAlpha.com. The article headlined “Manhattan Bridge Capital: An Actual Ben Graham Value Stock” by Hester.  The article mentions that the Company provides factoring loans, but these loans are not currently provided by the Company.

Manhattan Bridge Capital, Inc. Reports First Quarter Results  45% Increase in Income from Operations

NEW YORK, N.Y. May 6, 2010 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
      Manhattan Bridge Capital, Inc. announced today that total revenues for the three month period ended March 31, 2010 were approximately $291,000 compared to approximately $232,000 for the three month period ended March 31, 2009 an increase of $59,000 or 25%.  In 2010, $236,000 of the Company’s revenue represented interest income on the short term secured commercial loans that the Company offers to small businesses compared to $194,000 for the same period in 2009, and $55,000 represents origination fees on such loans compared to $38,000 for the same period in 2009. The increase in revenue represents an increase in lending operations.

 

Manhattan Bridge Closes-out winning year” by the Bowser Report April 2010
See attached

 

Manhattan Bridge Capital, Inc. Reports Fiscal Year 2009 37% Increase in Revenue and Profitable Operations

NEW YORK, N.Y. March 17, 2010 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN)
Manhattan Bridge Capital, Inc., announced today that total revenue for the year ended December 31, 2009 was $1,039,000 from interest and fees on loans compared to $758,000 for the year ended December 31, 2008, an increase of $281,000 or 37.1%. The increase in revenue represents an increase in lending operations.

 

ManhattanBridge Capital Named “Company of the Month” by the Bowser Report in the February 2010 Issue

NEW YORK, N.Y. February 18, 2010 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN), today announced that it has been named “Company of the Month” by the Bowser Report in the February 2010 edition. The Bowser Report is a monthly subscription-based newsletter which highlights small-cap stocks trading on the NYSE, NASDAQ and AMEX at $3.00 per share or less. The Bowser Report, founded by Max Bowser, now in its 34th year, was selected as one of the top ten newsletters in 2005 by the Hulbert Financial Digest.

 

ManhattanBridge Capital Named “Company of the Month” by the Bowser Report in the February 2010 Issue

 

BarelKarsan.com Releases a Report on Manhattan Bridge Capital

NEW YORK, N.Y. February 5, 2010 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN), today announced that on January 15, 2010, it was featured on BarelKarsan.com. The article headlined “Bridging The Value Gap” by Saj Karsan.The article identifies Manhattan Bridge Capital as a potentially undervalued company.

 

Manhattan Bridge Capital, Inc. Reports Third Quarter FinancialResults - Further Increased Revenue and Earnings
         
NEW YORK, N.Y. November 2, 2009 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN), (the “Company”) announced today that total revenue for the three month period ended September 30, 2009 was approximately $289,000 compared to approximately $200,000 for the same period in 2008, an increase of $89,000 or 44.5%. For the three month period ended September 30, 2009, $235,000 of the Company's revenue represented interest income on the short term secured commercial loans that the Company offers to small businesses compared to $178,000 for the same period in 2008, and $54,000 represents origination fees on such loans compared to $22,000 for the same period in 2008.

 

ManhattanBridge Capital, Inc. Regains Full Compliance with NASDAQ Marketplace Rule 5550(a)(2)

NEW YORK, N.Y. October 29, 2009 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN), (the “Company”) announced today that the Company received a letter from the NASDAQ on October 28, 2009 that it has regained full compliance with NASDAQ Marketplace Rule 5550(a)(2), NASDAQ’s minimum stock bid price requirements to remain listed on the NASDAQ Stock Market.  Regaining compliance resulted from its stock having had a closing bid price at or above $1.00 per share for 10 consecutive trading days.

 

Manhattan Bridge Capital, Inc.Announces the Buyback of up to 100,000 of its Common Shares

NEW YORK, October 26, 2009 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN- news) announced that its Board of Directors has authorized a common stock repurchase allowing the buyback of up to 100,000 common shares in market or off-market transactions at prevailing prices over the next twelve months.
The manner, timing and number of shares purchased will be at the Company’s discretion.
Assaf Ran, Chairman of the Board and CEO stated, “As our stock is trading at such a discounted value and as we continue our growth and spotless performances record, I believe that the best investment that our company can pick is an investment in our own stock.”
 “Therefore, I praise the board decision to buy back up to 100,000 shares.” Added Mr. Ran.

 

Manhattan Bridge Capital, Inc.Received a 180 days’ Notice to Regain a $1 Minimum Bid Price Required by Nasdaq for Continued Listing

NEW YORK, September 18, 2009 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN - news)
Manhattan Bridge Capital, Inc. announced today it has received a notice from the NASDAQ Stock Market ("Nasdaq") that since the closing bid price per share for the Company's common stock for the last 30 consecutive business days has been below the $1.00 minimum bid price required for continued listing under Nasdaq Listing Rule 5550(a)(2)it has a period of 180 calendar days, or until March 15, 2010, to regain compliance with continued listing standards.  To regain compliance with the minimum bid price requirement, the closing bid price of the Company's common stock must close at $1.00 per share or more for a minimum of ten consecutive business days.

 

Manhattan Bridge Capital, Inc. Reports Second Quarter Financial Results - Further Increased Revenue>

NEW YORK, August 3, 2009 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN - news)

Manhattan Bridge Capital, Inc. announced today that total revenue for the three month period ended June 30, 2009 was approximately $250,000 compared to approximately $179,000 for the three month period ended June 30, 2008 an increase of $71,000 or 40%. For the three month period ended June 30, 2009, $204,000 of the Company's revenue represented interest income on the short term secured commercial loans that the Company offers to small businesses compared to $164,000 for the same period in 2008, and $46,000 represents origination fees on such loans compared to $15,000 for the same period in 2008.

 

Manhattan Bridge Capital, Inc.  Announces an Increase in the Amount of Cash to its Lending Operations

NEW YORK, June 24, 2009 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN - news) announced today that the company’s board of directors authorized management to increase the cash limit allocated to the lending business from $7 million to $14 million.

Manhattan Bridge Capital, Inc. Reports First Quarter Financial Results; Increased Revenues

NEW YORK, May 12, 2009 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN- news)
Manhattan Bridge Capital, Inc. announced today that total revenues for the three month period ended March 31, 2009 were approximately $232,000 compared to approximately $165,000 for the three month period ended March 31, 2008 an increase of $67,000 or 41%. In 2009, $194,000 of the Company’s revenue represented interest income on the short and long term secured commercial loans that the Company offers to small businesses compared to $147,000 for the same period in 2008, and $38,000 represents origination fees on such loans compared to $18,000 for the same period in 2008.

Manhattan Bridge Capital, Inc. Reports Fiscal Year 2008 Consolidated Financial Statements

NEW YORK, March 18, 2009 / GLOBAL Newswire / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN - news)
Manhattan Bridge Capital, Inc., announced today that total revenue for the year ended December 31, 2008 was $758,000 compared to $221,000 for the year ended December 31, 2007, an increase of $537,000 or 243%. This increase in revenue represents an increase in lending operations. $684,000 of 2008 revenue represents interest income and $74,000 of revenue represents origination fees on loans made. As of December 31, 2008 the aggregate amount of loans made since inception was $10,267,000 of which $4,705,000 has been collected.

Manhattan Bridge Capital, Inc. Reports Third Quarter Financial Results

NEW YORK, October 30, 2008 / PRIME Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN - news)
Manhattan Bridge Capital, Inc. announced today that income from continuing operations for the three month period ended September 30, 2008 was $0.02 per basic and diluted share, versus loss from continuing operations of ($0.01) per basic and diluted share for the three month period ended September 30, 2007.

ManhattanBridge Capital, Inc. Regains Full Compliance with NASDAQ Marketplace Rule 4310(c)(4)
NEW YORK, September 25, 2008 / PRIME Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN), (the “Company”) today announced that on September 24, 2008, it received notice from NASDAQ that it has regained full compliance with Rule 4310(c)(4), NASDAQ’s minimum stock bid price requirements to remain listed on the NASDAQ Stock Market.  Regaining compliance resulted from its stock having had a closing bid price at or above $1.00 per share for 10 consecutive trading days.

Manhattan Bridge Capital, Inc. and GreenHills Ventures Wealth Management, LLC., to form a Strategic Alliance
NEW YORK, August 12, 2008 / PRIME Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN- news) and GreenHills Ventures Wealth Management Holding, LLC., a subsidiary of GreenHills Ventures, LLC. (“GreenHills”) announced today the entry into a letter of intent to form a strategic alliance. In the alliance the companies will share deal flow, create a “one stop shop” solution to potential customers and leverage the other’s screening, evaluating and financing capabilities. Both companies shall also share information on customers and coordinate financing transactions. In addition GreenHills will assist Manhattan Bridge Capital with obtaining a warehouse line of credit.

Manhattan Bridge Capital, Inc. Reports Second Quarter Financial Results
NEW YORK, August 6, 2008 / PRIME Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN - news)    Manhattan Bridge Capital, Inc. announced today that net income for the three month period ended June 30, 2008 was $0.02 per basic and diluted share, versus net loss of (0.11) per basic and diluted share for the three month period ended June 30, 2007.

DAG Media Announces Name Change to Manhattan Bridge Capital, Inc.
NEW YORK, July 21, 2008 / PRIME NEWSWIRE/ -- DAG Media, Inc. (Nasdaq: DAGM - news) announced today that it will change its name to Manhattan Bridge Capital, Inc. and adopt the new NASDAQ trading symbol “LOAN” effective July 24, 2008. The Company’s main website will change from www.dagmedia.com to www.manhattanbridgecapital.com

DAG Media Announces an Increase in the Amount of Cash to its Lending Operations
NEW YORK, May 14, 2008 / PRIME NEWSWIRE/ -- DAG Media, Inc. (Nasdaq: DAGM - news) announced today that the company’s board of directorsauthorized management to increase the cash limit allocated to the lending business from $5 million to $7 million

DAG Media Announces the Buyback of up to 150,000 of its Common Shares
NEW YORK, May 13, 2008 / PRIME NEWSWIRE/ -- DAG Media, Inc. (Nasdaq: DAGM - news) announced that its Board of Directors has authorized a common stock repurchase allowing the Buyback of up to 150,000 Common Shares in market or off-market transactions at prevailing prices. over the next twelve months.

DAG Media, Inc. Reports First Quarter Financial Results
NEW YORK, May 12, 2008 / PRIME Newswire / -- DAG Media Inc. (Nasdaq: DAGM - news)
DAG Media, Inc. announced today that net income for the quarter ended March 31, 2008 was $0.04 per basic and diluted share (based on 3.236 million shares), or $139,741, versus net loss of (0.05) per basic and diluted share (based on 3.236 million shares)or ($156,065) for the period ended March 31, 2007.
Total revenue for the period ended March 31, 2008 were $165,000 versus total revenue of $1,000 for the period ended March 31, 2007.  The revenue in the first quarter mainly represents interest income on short term loans of $147,000 and origination fees on these loans of $18,000 made through DAG Funding.

DAG Media Received a 180 days’ Notice to Regain a One Dollar Minimum Bid Price Required by Nasdaq for Continued Listing
NEW YORK, April 18, 2008 / PRIME NEWSWIRE/ -- DAG Media, Inc. (Nasdaq: DAGM) announced today it has received a letter from the Nasdaq on April 16, 2008 indicating that it has a period of 180 days to rectify its compliance with nasdaq stock market continued listing standards as described below.
On April 16, 2008, DAG Media, Inc. (the “Company”), received a letter from the NASDAQ Stock Market ("Nasdaq") indicating that the bid price per share for the Company's common stock for the last 30 consecutive business days had closed below the $1.00 minimum bid price required for continued listing under  Marketplace Rule 4310(c)(4).

DAG Media, Inc. Reports Fiscal Year 2007 Consolidated Financial Statements
NEW YORK, March 17, 2008/PRNewswire/ -- DAG Media Inc. (Nasdaq: DAGM - news)
Dag Media, Inc., announced that net income per common share for the fourth quarter of 2007 was $319,317 or $0.10 per basic and diluted share (based on 3.236 million shares). This income includes an income tax benefit of approximately $183,000, which reflects a change in estimate resulting from changes in prior years’ tax positions.
Total revenue for the year ended December 31, 2007 were $221,000 compared to $10,000 for the year ended December 31, 2006, of which $210,000 represents interest income on short term loans made through DAG Funding.

DAG Media, Inc. Reports Third Quarter Financial Results
NEW YORK, November 13, 2007 / PRIME NEWSWIRE/ -- DAG Media, Inc. (Nasdaq: DAGM - news) DAG Media, Inc. announced today that net income per common share was $0.05 for the three month period ended September 30, 2007, versus basic and diluted net loss per common share of $(0.04) for the three month period ended September 30, 2006. The increase in net income is mainly due to income from its new short-term secured business lending operations through DAG Funding Solutions, Inc., (“Dag Funding”) a wholly owned subsidiary formed in May 2007, as well as income from discontinued operations associated with a gain on the sale of the directories business and a write-off of Shopila’s liabilities in accordance with the company decision to discontinued operations of Shopila and cease making advances to it.

DAG Media, Inc. Reports second Quarter Financial Results
NEW YORK, August 10, 2007 / PRIME NEWSWIRE/ -- DAG Media, Inc. (Nasdaq: DAGM - news)
DAG Media, Inc. announced today that net sales for the three month period ended June 30, 2007 were $47,000 versus net sales of $0 for the same period in 2006.  This increase in net sales is mainly due to the sales made through DAG Media, Inc.’s subsidiary, Shopila, Inc.’s marketplaces.

DAG Media Announces the Launch of DAG Funding Solutions
NEW YORK, June 11, 2007 (PRIME NEWSWIRE) -- DAG Media, Inc. (Nasdaq:DAGM) announced today the launch of a wholly owned subsidiary called DAG Funding Solutions, Inc. formed to carry out a new business initiative centered on money lending services to businesses.

DAG Media, Inc. Reports First Quarter Financial Results
May 9, 2007 - NEW YORK - Dag Media, Inc. today announced that basic and diluted net loss per common share was $(0.05) in for the period ended March 31, 2007 versus basic and diluted net loss per common share of $(0.12) for the period ended March 31, 2006. Net sales for the period ended March 31, 2007 were...   read more

DAG Media, Inc. Reports Fiscal Year 2006 Consolidated Financial Statements
March 26, 2007 - NEW YORK - Dag Media, Inc. announced today that basic and diluted net loss per common share was $(0.05) in fiscal year 2006 versus net loss per common share of $(0.16) in fiscal year 2005. Net sales from continuing operations for the year ending on December 31, 2006 were $232,000 versus net sales...   read more

DAG Media, Inc. Reports Third Quarter Financial Results
November 07, 2006 - NEW YORK - On October 11, 2006, we entered into a Stock Purchase Agreement with Mr. Guy Mushkat, the founder and Chief Executive Officer of Shopila Corporation, an e-commerce software developer and the operator of www.shopila.com. Pursuant to the terms of the Stock Agreement...   read more

DAG Media, Inc. Acquires 80% of the Shares of Shopila Corporation
October 12, 2006 - NEW YORK -DAG Media, Inc., announced today that it had purchased 80% of the shares of Shopila Corporation ("Shopila") from Guy Mushkat for $100,000 in cash, 50,000 restricted shares of DAG Media's Common Stock and an option to purchase 50,000 shares of DAG Media's Common Stock under...   read more

DAG Media, Inc. Reports Second Quarter Financial Results
August 14, 2006 - NEW YORK -DAG Media, Inc., announced today that net income for the quarter ended June 30, 2006 was $445,000 versus net loss of $16,000 for the same period last year, the net income was attributable to the gain on the sale of the Directories business, as defined below amounting to $766,000.   read more

DAG Media Launches National Online Yellow Pages Solution http://www.nextyellow.com
June 19, 2006 - KEW GARDENS, N.Y. - DAG Media, Inc. -DAGM, through its subsidiary DAG Interactive, Inc. announced the launch of Next Yellow (http://www.nextyellow.com), an online solution where local businesses contact consumers in response to online product and service requests -- instead of consumers making the calls. Next Yellow hopes to ultimately... read more

DAG Media, Inc. Reports First Quarter Financial Results
May 15, 2006 - NEW YORK -DAG Media Inc. -On February 6, 2006, DAG Media, Inc. (the "Company") entered into an asset purchase agreement to sell the assets and liabilities of our two Jewish Directories, The Jewish Israeli Yellow Pages and The Jewish Master Guide, also known as the Kosher Yellow Pages (the "Directories"), to DAG-Jewish Directories... read more

Forbes.com Reports on Online Local Search Market Heating Up
May 05, 2006 - NEW YORK -DAG Media, Inc.'s new venture NextYellow.com, a comprehensive online yellow pages that offers an innovative approach to the conventional online directory, was featured on Forbes.com. The article identifies Next Yellow as filling the void of what larger search engines have ignored... read more

DAG Media, Inc. Conference Call Access Information
April 25, 2006 - New York -DAG Media, Inc., provider of innovative online yellow pages solution: www.nextyellow.com, reiterates today that its executives will discuss the company's plan... read more
  To listen to the conference call,click here

>With New Interface and Business Model, NextYellow Introduces Innovative Search Solution for Consumers
April 17, 2006 - New York -Rewriting the book on how consumers use yellow pages, DAG Interactive, Inc., a subsidiary of DAG Media, Inc., has introduced, http://www.nextyellow.com a comprehensive online yellow pages... read more

DAG Media, Inc. Reports Fiscal Year 2005 Consolidated Financial Statements
March 16, 2006 - New York -DAG Media Inc. announced today that advertising revenue for the year ended December 31, 2005 was $4,447,000 versus advertising revenue of $5,949,000 for fiscal year 2004, a decrease of $1,502,000 or 25.20%. Advertising revenues for the year ended December 31, 2004 included... read more

DAG Media, Inc. to Proceed with the Sale of the Assets and Liabilities of its Jewish Directories
February 06, 2006 - New York- DAG Media, Inc. announced today that, pending shareholder approval, it agrees to sell the assets and liabilities of its two Jewish directories, The Jewish Yellow Pages and The Jewish Master Guide (also known as the Kosher Yellow pages), to DAG... read more

DAG Media Introduces DAG Interactive Yellow Pages
Innovator Announces the Formation of a Subsidiary and
Execution of a Services Agreement With Ocean-7 Development, Inc.
December 05, 2005 - New York- DAG Media Inc. Dag Media announces today a formation of a subsidiary, DAG Interactive, Inc. ("DAG Interactive"), which will be held 80% by DAG media, Inc ("DAG Media"), and 20% by ocean-7 Development, Inc ("Ocean-7"). The objective of DAG Interactive is to introduce DAG Media's unique and innovative software solution... read more

DAG Media, Inc. Announced Today a Change in Its Board of Directors
December 05, 2005 - New York- DAG Media Inc. ("the Company") announced today a change in its Board of Directors. The Company announce today that Mr. Mark Alhadeff would replace Ms. Yael Shimor-Golan as a member on the Board of Directors. Mr. Mark Alhadeff is the president of Ocean 7, a prominent software... read more

DAG Media, Inc. Reports Third Quarter Financial Results
October 28 2005 - New York- DAG Media Inc., announced today that net advertising revenue for the quarter ended September 30, 2005 was $1,444,000 versus advertising revenue of $1,987,000 for the same period last year, a decrease of $543,000 or 27.3%. The decrease in revenue was attributable to the decrease in revenue... read more

DAG Media, Inc. Reports Second Quarter Financial Results
July 29 2005 - New York- DAG Media Inc., announced today that net advertising revenue for the quarter ended June 30, 2005 was $713,000 versus advertising revenue of $605,000 for the same period last year, an increase of $108,000 or 17.9%. The increase in revenues was attributable primarily to the increase in revenues... read more

DAG Media, Inc. Announces New Operating Plan;
Declares $0.10 per Share Quarterly Dividend During 2005

January 7, 2005 - New York- DAG Media Inc., today announced the proposed sale of its classified directories business, consisting of the Jewish Israeli Yellow Pages and the Master or Kosher Guide. The sale would include applicable trademarks, tradenames and other intellectual property. To assist it in the sale of its directories... read more

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