Published: April 07, 2010
Manhattan Scientifics Files 2009 Year End Results
NEW YORK - (BUSINESS WIRE) - Manhattan
Scientifics Inc. (OTCBB: MHTX) will file its Form 10K with the SEC
this week, within the permitted 15 day extension period allowed by the
SEC.
The company reports several key current items of interest to its 8,500
shareholders. Among the main points are:
-
Our Form 10K will report our first significant increase in revenue
-
Our projection is to be cash-flow positive in 2010
-
Future prospects in our metals business may well exceed plan
-
We have initiated our plan to identify an appropriate Fortune 100
industrial partner within the Medical Devices and Big Pharma
industries in order to commercialize our Early Cancer Detection
Project
CEO Manny Tsoupanarias stated, "Manhattan Scientifics has had a very
successful and active year. Our metals business is running well and
on-plan. Manhattan Scientific's Metallicum unit is our core business and
its Fortune 1000 industrial partner is providing funding sufficient to
cover our entire overhead and cost of all operations, presently and into
the foreseeable future."
Manhattan Scientifics, Inc., www.mhtx.com,
is located in New Mexico, New York, and Montreal. The company's goal is
to advance and commercialize disruptive technologies to create profit
for its shareholders. It is focused on commercializing disruptive
technology in the fields of nanotechnology and nanomedicine.
This press release contains projections of future results and other
forward-looking statements that involve a number of risks and
uncertainties and are made pursuant to the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to a number of risks, assumptions and
uncertainties that could cause the Company's actual results to differ
materially from those projected in such forward-looking statements.
Important factors that may cause actual results and outcomes to differ
materially from those contained in the projections and forward-looking
statements included in this press release are described in our publicly
filed reports. Factors that could cause these differences include, but
are not limited to, failure to realize projected revenues and cash flows
and market conditions that negatively affect the market for our
technology. Forward-looking statements speak only as of the date made
and are not guarantees of future performance. We undertake no obligation
to publicly update or revise any forward-looking statements.

Manhattan Scientifics Inc.
Marvin Maslow, Director of Investor
Relations, 917-923-3300
marvin@mhtx.com
or
Institutional
Investor Relations:
Hawk Associates
Frank Hawkins,
305-451-1888
F.hawkins@hawkassociates.com
Website:
http://www.hawkassociates.com
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