Marvin Maslow, CEO of Manhattan Scientifics, said, "Securing our audit is the first important step to be accomplished as part of the process of becoming a reporting company. Once the audit is complete, we intend to register with the Securities and Exchange Commission (SEC) under section 15(d) of the SEC Act of 1934. We intend to fully comply with the Bulletin Board eligibility rule well before the February 2000 deadline approved by the SEC."

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. Manhattan Scientifics’ research headquarters is located in Los Alamos, NM. 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 at (212) 752-0505. Manhattan Scientifics’ business address is Manhattan Scientifics, Inc. Olympic Tower, 641 Fifth Avenue, Suite 36F, New York, NY 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 including the taking public of New Mexico Software, successfully completing the research and development with respect to the MicroFuel Cell and other technologies, successfully commercializing the MicroFuel Cell 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.