Manhattan Pharmaceuticals, Inc. Names Michael G. McGuinness As Chief Financial Officer

NEW YORK, July 10, 2006 (PRIMEZONE) -- Manhattan Pharmaceuticals, Inc. (AMEX:MHA - News) today announced that Michael G. McGuinness joined the company as Chief Financial Officer, effective today. Mr. McGuinness will have responsibility for accounting and reporting, strategic planning and analysis, treasury, tax, audit and Sarbanes-Oxley compliance.

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