Merriman Capital Announces Sponsorship of Malaga on OTCQX

SAN FRANCISCO, Oct. 5, 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 Malaga Inc. (TSX: MLG; OTCQX: MLGAF) as it begins trading on OTCQX®.  

(Logo: http://photos.prnewswire.com/prnh/20100914/SF64919LOGO)

Malaga owns and operates the Pasto Bueno tungsten mine in Peru and is one of the few publicly traded producers of tungsten outside of China.  The Company announced today that it is now trading on the OTC market'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: "Malaga's decision to start trading on OTCQX is an important step in increasing their exposure to U.S. investors. We are proud to assist the Company in this effort."

About Merriman Capital, Inc.

Merriman Capital, Inc. is an investment bank providing equity and options execution services; OTCQX research, advisory services, and market making; and capital raise and M&A services.  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."  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.

About Malaga Inc.

Malaga Inc. owns and operates the Pasto Bueno tungsten mine in Peru and is one of the few publicly traded producers of tungsten outside of China.  Malaga is a low cost producer due to its gravimetric ore concentration process and the availability of hydroelectric power at Pasto Bueno.  Malaga's current production capacity accounts for 15% of the tungsten produced outside of China.  The Company plans to increase production and explore the property to develop its reserves and resources.

About OTCQX

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 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.