Merriman Capital Acted as Financial Advisor to Acorn Energy, Inc. in the Sale of its CoaLogix, Inc. Subsidiary

SAN FRANCISCO, Aug. 18, 2011 /PRNewswire/ -- Merriman Capital, Inc., wholly owned subsidiary of Merriman Holdings, Inc. (NASDAQ: MERR) acted as financial advisor to Acorn Energy, Inc. (NASDAQ: ACFN) in the sale of its CoaLogix, Inc. subsidiary.  

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Acorn Energy, Inc. entered into a definitive agreement to sell CoaLogix, Inc. for $101 million to funds managed by Energy Capital Partners.  The sale price of $101 million is before certain adjustments, including the assumption of certain debt of CoaLogix. The closing of the transaction is subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Acorn Energy's Chairman and CEO John A. Moore stated: "With the support of Merriman Capital, Acorn Energy realized an outstanding exit for its shareholders.  This was Acorn Energy's second exit for over $48 million in the past four years.  In addition, CoaLogix signifies Acorn Energy's second creation of a category leader in the CleanTech industry.  Merriman Capital showed their support during the entire investment life-cycle through investor conference invitations, equity research coverage, capital raising services for our expansion, and financial advisory services for the final sale process.  Merriman Capital 'brings it' for Acorn Energy."

The execution of the definitive agreement was announced on July 29, 2011 by Acorn Energy.  Details on the transaction can be found at Acorn Energy's website: http://www.acornenergy.com.  

About Acorn Energy, Inc.

Acorn Energy, Inc. is a holding company focused on technology driven solutions for energy infrastructure asset management.  Our four businesses in which we have controlling interests, improve the world's energy infrastructure by making it cleaner and less expensive to operate air pollution systems for coal and gas-fired power plants (CoaLogix), more secure by providing security solutions for underwater energy infrastructure (DSIT), more reliable by providing condition monitoring instruments for critical assets on the electric grid (GridSense) and more productive and efficient by increasing oil and gas production while lowering costs through use of ultra-high sensitive seismic tools for more precise pinpointing of oil and gas reservoirs (US Seismic). For more information visit www.acornenergy.com.

About CoaLogix, Inc.

CoaLogix Inc. is focused on providing innovative services to coal-fired generating facilities to reduce their environmental footprint through technology, optimization and efficiency improvements.  CoaLogix owns SCR-Tech, LLC which is the leading provider of selective catalytic reduction (SCR) management services and catalyst regeneration technologies used by coal-fired power plants to reduce nitrogen oxides (NOx) emissions. Currently, coal-fired power plants contain approximately $1.5 billion of catalyst in their SCR systems. CoaLogix also owns CoaLogix Tech, which is a provider of SO3 mitigation systems to coal-fired power plants.  CoaLogix integrates leading-edge technologies, a highly skilled workforce, and more than 160 years of combined senior management experience in the environmental and power generation industries to provide innovative, cost-effective solutions that help our customers achieve and maintain compliance with increasingly stringent environmental regulations. CoaLogix' major investors are Acorn Energy, Inc. and EnerTech Capital.  For more information visit www.coalogix.com.

About Merriman Capital, Inc.  

Merriman Capital, Inc. is a full-service investment banking firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc., which is listed on the NASDAQ Stock Market and trades under the symbol "MERR."

Merriman specializes in four growth sector industries: Technology, Telecom, Consumer, Media & Internet and CleanTech Infrastructure. For more information, please go to http://www.merrimanco.com/. Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/contact.cfm.  

Note to Investors

This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 28, 2011 and our Form 10-Q filed on August 15, 2011. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K/A filed on April 28, 2011 and 10-Q filed on August 15, 2011, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on "Investor Relations."

SOURCE Merriman Holdings, Inc.