SAN FRANCISCO, Sept. 14, 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 Stronghold Metals Inc. (TSXV: Z; OTCQX: SDMTF) as it begins trading on OTCQX®.
Stronghold Metals Inc. is a mining exploration company based in Vancouver, BC, and it focuses on the discovery of gold, copper and other metals in South America. 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: "It is great to see Stronghold Metals trading on OTCQX today. President and CEO Yannis Tsitos' experience at BHP Billiton will continue to benefit the Company as they execute on their plan and explore opportunities to add to their portfolio. We are looking forward to having more U.S. investors involved in Stronghold Metals."
Yannis Tsitos, President and CEO of Stronghold Metals, stated: "We are very pleased that we are joining the top tier OTCQX trading platform and the impressive list of international companies whose shares trade on this exchange; a list of companies which range from the giants Allianz, Air France KLM and Adidas Group to B2 Gold and MBAC Fertilizer Corp. among others from the mining spectrum. During 2011, we have noticed that a growing number of American investors are inquiring about and following Stronghold Metals. With this listing, we are showing our commitment to U.S. investors who after all will have easier access to our stock, as well as greater transparency in their trades. We are also excited that Merriman Capital will become our Principal American Liaison; our Company's Board and our management team are welcoming this partnership."
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.
About Stronghold Metals Inc.
Stronghold Metals Inc. is a mining exploration company based in Vancouver, BC, and it focuses on the discovery of gold, copper and other metals in South America. Stronghold is currently active in two countries, Guyana and Brazil. Its board is comprised of experienced professional geo-scientists and financiers who have a proven track record of bringing mines to production and value to their shareholders' investment. The Company is currently conducting a 15,000 meter drill program on its flag property, the Eagle Mountain Project in Guyana (in JV with IAMGOLD). The Company is also looking to add to its portfolio of properties through mergers and acquisitions in order to diversify its interests and increase value to its shareholders, as it has recently done with its affiliation with IAMGOLD.
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, 2011and 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.