GREAT NECK, N.Y., Sept. 8, 2014 (GLOBE NEWSWIRE) -- 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"), a boutique capital markets advisory firm dedicated to working with fundamentally strong micro and small cap management teams to assist with capital market strategy and guidance.
Assaf Ran, Chief Executive Officer of Manhattan Bridge Capital, commented, "We are excited to explore initiatives to increase investor awareness, including road shows, luncheons and participation in investor oriented conferences. We are confident that our Investor Relations firm American Capital Ventures and our Strategic Advisor, TriPoint Global Equities and SABR Capital Management will greatly assist us in these ongoing efforts."
Howard Gostfrand, President of American Capital Ventures, stated, "Manhattan Bridge Capital has a strong track record of success, we anticipate the current dividend yield along with the secured nature of the company's collateral will generate significant interest from our shareholder community."
"Manhattan Bridge Capital's conversion to a REIT is a great first step to capitalizing on the advantages inherent in the REIT structure and is a positive first step in the ongoing efforts to attract institutional shareholders," stated Ariel Imas, SABR's Managing Partner.
Manhattan Bridge Capital, Inc. offers short-term, secured, non–banking loans to real estate investors in the New York metropolitan area.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, the risks with marketing of its new on-line software solution, the continued acceptance of the Company's new and existing products, increased levels of competition, new products introduced by competitors, changes in the rates of subscriber acquisition and retention, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
About Manhattan Bridge Capital:
Manhattan Bridge Capital, Inc. offers short-term secured, non–banking loans (sometimes referred to as ''hard money'' loans) to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area. We operate the web site: http://www.manhattanbridgecapital.com
This report contains forward-looking statements within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are typically identified by the words "believe," "expect," "intend," "estimate" and similar expressions. Those statements appear in a number of places in this report and include statements regarding our intent, belief or current expectations or those of our directors or officers with respect to, among other things, trends affecting our financial condition and results of operations and our business and growth strategies. These forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those projected, expressed or implied in the forward-looking statements as a result of various factors (such factors are referred to herein as "Cautionary Statements"), including but not limited to the following: (i ) we may not qualify as a REIT; (ii) we have a no operating history as a REIT;(iii) our loan origination activities, revenues and profits are limited by available funds (iv) we operate in a highly competitive market and competition may limit our ability to originate loans with favorable interest rates; (v) our chief executive officer is critical to our business and our future success may depend on our ability to retain him; (vi) if we overestimate the yields on our loans or incorrectly value the collateral securing the loan, we may experience losses; (vii) we may be subject to "lender liability" claims; (viii) our loan portfolio is illiquid; (ix) our due diligence may not uncover all of a borrower's liabilities or other risks to its business; (x) borrower concentration could lead to significant losses; (xi) our management has no experience managing a REIT; and (xii) we may choose to make distributions in our own stock, in which case you may be required to pay income taxes in excess of the cash dividends you receive. The accompanying information contained in this report, including the information set forth under "Management's Discussion and Analysis of Financial Condition and Results of Operations", identifies important factors that could cause such differences. These forward-looking statements speak only as of the date of this report, and we caution potential investors not to place undue reliance on such statements. We undertake no obligation to update or revise any forward-looking statements. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the Cautionary Statements.