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. 
The manner, timing and number of shares purchased will be at the Company’s discretion.
Assaf Ran, Chairman of the Board and CEO stated, “While our company continues to steadily grow and while we have recently achieved a significant goal and secured our future growth, we believe that buying our stock at current market price is just a great opportunity.”
“The recent increase in trading activity will, hopefully, make a buy-back at this time more feasible than previously” added Mr. Ran.
Manhattan Bridge Capital, Inc. provides short term, secured, non-banking, commercial loans to small businesses. We operate the web site:http://www.manhattanbridgecapital.com

 

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