SAN FRANCISCO, April 8, 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 Stans Energy Corp. (TSX-V: RUU;OTCQX: HREEF) as it lists on OTCQX®.
Stans Energy is focused on developing properties containing rare earth elements (REEs), uranium, and associated metals. 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: "The REE space has generated increasing enthusiasm in the United States and Stans Energy is an exciting growth story. Being quoted on the OTCQX gives Stans Energy the opportunity to have more U.S. investors involved in their future. We are very happy to be working with them."
"Over the last two quarters, interest from American investors in our Company has been rapidly increasing. Listing our shares on the OTCQX provides Stans Energy with a cost-effective method of accessing U.S. capital markets, while providing U.S. investors with the accessibility, transparency and liquidity necessary for potential shareholders to feel comfortable when making an investment decision," said Robert Mackay, Stans Energy's President and CEO. "We would like to thank Merriman Capital for guiding Stans Energy through the listing process."
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.
Stans Energy Corp.
Stans Energy Corp. is focused on developing properties containing Rare Earth Elements (REEs), and associated metals. The company continuously examines and evaluates new opportunities to acquire and develop proven resource properties in areas of the former Soviet Union. The headquarters of the company is located in Toronto, Ontario, Canada, and its wholly-owned subsidiary, Stans Energy KG, is located in Bishkek, Kyrgyzstan. Stans Energy Corp's Chairman, Rodney Irwin, was the former ambassador to the Russian Federation for Canada, and currently serves as the Honorary Consul of the Kyrgyz Republic for 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 filed on March 30, 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 filed on March 30, 2011 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.