New York City-- Manhattan
Scientifics Inc. (Pink Sheets: MHTX) is pleased to announce that
Emmanuel (Manny) Tsoupanarias has been named as the company Chief
Executive Officer effective November 1, 2007. Tsoupanarias brings
to Manhattan Scientifics more than 15 years of senior management
and executive experience in the power generation manufacturing sector.
Tsoupanarias has spent
over a decade designing and running a state-of-the-art manufacturing
plant producing highest quality standard materials for the power
and the nuclear industries.
Tsoupanarias is also
the founder and editor of FuelCellWorks.com, a weekly trade publication
that has become the voice of the fuel cell industry. Tsoupanarias
is internationally recognized as an expert in fuel cell development.
Tsoupanarias, said, “I
am excited to lead Manhattan Scientifics during this exciting new
phase in its development. The company has recently purchased an
overhanging block of 43 million shares and is preparing to file
all of its past due SEC reports so that the stock can be eligible
for trading on the Over-the-Counter Bulletin Board. Manhattan is
poised to move forward with commercializing its assets and I look
forward to implementing a new growth plan.”
Marvin Maslow, in his
new role as non-executive-chairman of Manhattan Scientifics said,
“Our company has a new-face, new capital, and a highly qualified
new CEO who knows how to bring product to the market. We feel that
Manny’s background in the fuel cell industry will be a major
asset for our company going forward. We are pleased to welcome Manny
and three additional board members, Leonard Friedman, Frank Georgiou
and Chris Theoharis. We feel that their combined industry knowledge
will help Manhattan to reach new levels of growth to bring greater
returns to our shareholders.”
Georgiou, said, “We
intend to explore the re-invention of this company through technology
and corporate acquisition. We are focused on ‘green’
environmentally friendly industries as well as alternative energy.”
About Manhattan Scientifics
Manhattan Scientifics, Inc., http://www.mhtx.com,
is located in Montreal Canada, New Mexico and New York City. It
is developing and plans to acquire technologies in a variety of
environmentally friendly energy and other people-friendly industries.
Copies of Manhattan Scientifics’
press releases and related investor information may be found at
http://www.hawkassociates.com and http://www.americanmicrocaps.com.
An investment profile
about Manhattan Scientifics may be found at http://www.hawkassociates.com/mhtx/profile.htm.
Executive
Contacts:
Marvin Maslow, CEO, Manhattan
Scientifics (917) 923-3300.
Email:maslow@ix.netcom.com
Investor Relations Contact:
Frank Hawkins, (Hawk Associates) (305) 852-2383
Email: Info@hawkassociates.com