Manhattan Bridge Capital, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported income from operations of $140,444,000, income from continuing operations before income tax expense of $136,021,000, income from continuing operations of $83,593,000, net income of $83,593,000, or $0.03 per diluted share on total revenue of $288,608,000 compared to income from operations of $44,270,000, income from continuing operations before income tax expense of $62,155,000, income from continuing operations of $48,809,000, net income of $48,809,000, or $0.02 per diluted share on total revenue of $200,126,000 for the same period last year. The increase in income from operations resulted mainly from increased revenue from short term secured commercial loans. This increase in net income was mainly due to an increase in income from operations, offset by an increase in income tax expense and a decrease in other income. The financial results of the third quarter reflect the steady growth pattern of the company. For the nine months, the company reported income from operations of $316,901,000, income from continuing operations before income tax expense of $341,034,000, income from continuing operations of $229,203,000, net income of $229,203,000, or $0.07 per diluted share on total revenue of $770,168,000 compared to income from operations of $54,534,000, income from continuing operations before income tax expense of $170,663,000, income from continuing operations of $167,806,000, net income of $240,723,000, or $0.07 per diluted share on total revenue of $544,244,000 for the same period last year. The company reported net cash provided by operating activities of $348,038,000 compared to $301,892,000 for the same period last year.

Manhattan Bridge Capital, Inc. announced 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. If, by March 15, 2010, the Company does not regain compliance with NASDAQ Listing Rule 5550(a)(2), it will receive written notification that its securities are subject to delisting. At that time, the Company may appeal the delisting determination to a NASDAQ Hearings Panel. Alternatively, the Company may be eligible for an additional grace period if it meets the initial listing standards, with the exception of bid price, for the NASDAQ Capital Market. If it meets initial listing criteria, the NASDAQ staff will notify the Company that it has been granted an additional 180 calendar day compliance period. "The company intends to retain its NASDAQ listing and will take all steps reasonably required to do so," stated Assaf Ran, Chairman of the Board and CEO.

Manhattan Bridge Capital Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. Total revenues for the quarter 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%. Income from operations for the quarter was approximately $78,000 compared to approximately $18,000 for the same period last year, an increase of $60,000. This increase in income from operations resulted mainly from increased revenue from short term secured commercial loans and a decrease in general and administrative expense. Net income for the quarter was $60,001 or $0.02 per basic and diluted share (based on 3.3 million shares) versus net income of $52,173 or $0.02 per basic and diluted share (based on 3.2 million shares) for the same period last year. This increase in net income was mainly due to an increase in income from operations, offset by an increase in income tax expense and a decrease in other income. For the quarter, the company also reported income from continuing operations before income tax of $97,075 and income from continuing operations of $60,001 or $0.02 per diluted share compared to income from continuing operations before income tax of $52,173 and income from continuing operations of $52,173 or $0.02 per diluted share reported last year. Total revenue for the six month period was approximately $482,000 compared to approximately $344,000 for the six month period ended June 30, 2008 an increase of $138,000 or 40%. Net income for the six month period was $145,610 or $0.04 per basic and diluted share (based on 3.3 million shares) versus net income of $191,914 or $0.06 per basic and diluted share (based on 3.2 million shares) reported last year. This decrease in net income was mainly due to income from discontinued operations of approximately $73,000 that was recorded in the six month period ended June 30, 2008, an increase in income tax expense of approximately $69,000 and a decrease in other income of approximately $70,000, offset by an increase in income from operations of $166,000. For the period, the company also reported income from operations of $176,457, income from continuing operations before income tax of $205,013 and income from continuing operations of $145,610 or $0.04 per diluted share compared to income from operations of $10,264, income from continuing operations before income tax of $108,508 and income from continuing operations of $118,997 or $0.04 per diluted share reported last year. Net cash provided by operating activities were $200,749 against $140,957 reported last year.