New York City February 10, 2000 - Manhattan Scientifics, Inc. (MHTX) announced today that its shares have been temporarily listed on the Electronic Pink Sheets exchange. In previous press releases dated December 8, 1999 and January 10, 2000, the Company indicated that it had filed its Form 10-SB with the SEC on December 7, 1999 and that its shares would be delisted from the OTC Bulletin Board exchange on February 10 if the SEC did not come to a position of "no further comment" with respect to the Form 10-SB by that time.

The Company filed an amendment to its Form 10SB on February 9th with responses to the SEC's first set of comments, and is now awaiting further communication from the SEC. Marvin Maslow, CEO said, "I do expect our shares to be re-listed on the Bulletin Board in the near future, as our entire professional team of accountants and lawyers are standing by and will be immediately responsive to any additional comments we may receive from the SEC."

On January 4, 1999, the SEC ratified amendments to NASD rules 6530 and 6540 restricting OTC Bulletin Board listing and quotation to the securities of companies that report current financial information to the SEC, insurance or banking regulation authorities. These amendments imposed reporting deadlines for OTC Bulletin Board listed companies based upon the alphabetical listing of the companies' trading symbol on the Bulletin Board.

Manhattan Scientifics, Inc. is developing and commercializing proprietary technologies in the advancement of consumer and commercial electronics including MicroFuel Cell technology and holographic media for data storage and Internet-based image management. The Company is also developing nanoporous polymer filtering technologies. Manhattan Scientifics' research headquarters are located in Los Alamos, NM. Executive offices are in New York City. Copies of Manhattan Scientifics press releases, current quotes, stock charts and other information for investors may be found on the websites www.mhtx.com and http://www.hawkassociates.com. For further information contact Manhattan Scientifics CEO Marvin Maslow (212) 752-0505 or Investor Relations; Frank Hawkins (305)852-2383. Manhattan Scientifics' business address is 641 Fifth Avenue, New York, N.Y. 10022.

The foregoing press release contains forward-looking statements, including statements regarding the company's expectation of its future business. These forward-looking statements are based largely on the company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors. These include but are not limited to, successfully completing the research and development with respect to the MicroFuel Cells and other technologies, successfully commercializing the fuel cells and holographic storage devices for mass production, successfully protecting the company's patents, and effective significant industry competition from various entities whose capabilities far exceeds the company's. In light of these risks and uncertainties there can be no assurances that the forward-looking statements in this press release will in fact transpire or prove to be accurate.