Features - Financial Plays Of The Week:

MANHATTAN SCIENTIFICS SELLS HOLO-STORAGE PATENT PORTFOLIO

Manhattan Scientifics Inc said recently that it has sold the intellectual property of its holographic data storage subsidiary to a company actively engaged in developing the ultra high-density data storage technology.

The patents and equipment assets of Tamarack Storage Devices Inc, a wholly owned subsidiary of Manhattan Scientifics, were sold for an undisclosed amount of cash and securities. The company said it would provide additional details in the near future.

Jack Harrod, chief operating officer of Manhattan Scientifics, said, "We believe the portfolio of 21 patents has the potential to play an important role in the future development of holographic memory. We have taken this step in order to focus our efforts on our fuel cell and e-Touch Software activities."

Manhattan Scientifics CEO Marvin Maslow said, "This transaction provides us with useful funding that will help see us through these difficult markets. We continue to make what we believe is useful progress in finding appropriate partnerships and alliances to commercialize our portfolio of disruptive technologies."

Manhattan Scientifics Inc is a company specializing in identification of and early stage investment in disruptive technologies, with the goal of commercialization and profit-creation for its shareholders. 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 www.hawkassociates.com.

Contacts:

• Jack Harrod, COO, Manhattan Scientifics, 214-675-8033, harrod@airmail.net.
• Marvin Maslow, CEO, Manhattan Scientifics, 917-923-3300, maslow@ix.netcom.com.