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., provides short term, secured, non-banking, commercial loans to small businesses. We operate the web site:http://www.manhattanbridgecapital.com
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