SAN FRANCISCO, March 29, 2011 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (Nasdaq: MERR), today announced that it will serve as the Principal American Liaison (PAL) for Inter-Citic Minerals Inc. (TSX:ICI; OTCQX:ICMTF) as it lists on OTCQX®.
Inter-Citic Minerals Inc. is a junior gold exploration company with property in the People's Republic of China. The Company's main property is in Dachang. The Company announced today that it is now trading on the OTC Markets Group Inc.'s highest tier, OTCQX®.
OTCQX distinguishes the best companies traded over-the-counter (OTC) from more than 9,000 securities traded on the OTCBB and OTC Link that are not required to meet any financial standards or undergo a qualitative review.
Spencer Grimes, Merriman Capital Managing Director, said: "We are proud to partner with Inter-Citic on their outreach to U.S. investors. Listing on the OTCQX is the first step in addressing this market, and we are looking forward to helping them increase their exposure."
"Joining the top tier QX in addition to our current TSX listing means our substantial number of U.S. investors will have easier access to our stock as well as greater transparency in their trades," said James Moore, Inter-Citic's President and CEO. "We have watched our retail investor following in the United States explode in the past few years, and we fully expect this listing will help liquidity and share price for our investors both in the United States and in Canada. We are very pleased to join the impressive and rapidly growing list of international companies whose shares trade on the OTCQX."
About Merriman Holdings, Inc.
Merriman Holdings, Inc. (NASDAQ: MERR) is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services, and specializes in four growth industry sectors: Technology, Telecom, Consumer, Media & Internet and CleanTech Infrastructure. For more information, please go to www.merrimanco.com. Merriman Capital is a member of FINRA and SIPC.
About Inter-Citic Minerals Inc.
Inter-Citic Minerals Inc. (TSX:ICI; OTCQX:ICMTF) is a Toronto-based exploration and development company advancing its Dachang Gold Project in the People's Republic of China. Inter-Citic's website is www.inter-citic.com.
The OTCQX marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX companies, visit www.otcqx.com.
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 30, 2010. 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 30, 2010 and the Form 10-Q filed on November 15, 2010, 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.