SAN FRANCISCO, March 1, 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 Passport Potash Inc. (TSXV:PPI; OTCQX:PPRTF) as it lists on OTCQX®.
Passport Potash Inc. is a resource company engaged in the exploration and development of advanced potash properties. The Company announced today that it is now trading on the OTC market's highest tier, OTCQX®.
OTCQX distinguishes the best companies traded OTC from more than 9,000 securities traded on the OTCBB and Pink Sheets® that are not required to meet any financial standards or undergo a qualitative review.
Spencer Grimes, Merriman Capital Managing Director, said: "It is exciting to have Passport Potash join the OTCQX today. Though a Toronto-listed company, Passport has assets in the United States making it a natural fit for exposure to U.S. investors. Listing on the QX does exactly that."
"As a TSX-listed company, we look forward to the additional listing of our shares on the OTCQX. We believe that this step will enhance our visibility and access to U.S. investors," commented Passport Potash President & CEO Josh Bleak.
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 three growth industry sectors: CleanTech, Consumer, Media & Internet and Technology. For more information, please go to www.merrimanco.com.
About Passport Potash Inc.
Passport Potash Inc. (TSXV:PPI; OTCQX:PPRTF), an early stage natural resource company, engages in the acquisition, exploration, and development of mineral resource properties. The company focuses on potash. It has an option to earn a 100% interest in the Holbrook Basin Potash Project located in the County of Navajo, Arizona. The company was formerly known as Passport Metals Inc. and changed its name to Passport Potash Inc. in November 2009. Passport Potash Inc. is based in Vancouver, Canada.
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.