SAN FRANCISCO, April 14, 2011 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (Nasdaq:MERR), acted as co-manager in OCZ Technology Group, Inc.'s (Nasdaq:OCZ) $99.7 million underwritten public offering of OCZ common stock. Merriman also acted as exclusive buy-side advisor to OCZ in its acquisition of Indilinx Co., Ltd., for $32 million of OCZ common stock. The transactions closed on April 13, 2011, and March 25, 2011, respectively.
"We are pleased to have acted as co-manager in the company's successful underwritten public offering as well as exclusive advisor on OCZ's game-changing acquisition of Indilinx," said Jon Merriman, co-chairman and CEO of Merriman Holdings, Inc. "We have now completed five deals for OCZ since the beginning of 2010, a firm that exemplifies the fast-growing company and entrepreneurial management team we seek to advise, research, trade, and finance."
"Merriman is truly a key partner of ours and we appreciate the long-term support that Merriman has provided to OCZ across financing, M&A, trading and research," said Ryan Petersen, president & chief executive officer of OCZ.
Details on the transaction can be found at OCZ Technology Group's web site: www.ocztechnology.com.
A shelf registration statement relating to the offering of the common stock was filed with the U.S. Securities and Exchange Commission on March 4, 2011 and has become effective. The offering is being made only by means of a prospectus supplement and accompanying prospectus, forming an effective part of the registration statement. Before investing, you should read the prospectus supplement and the accompanying prospectus for information about OCZ Technology Group, Inc. and this offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A copy of the final prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov.
About OCZ Technology Group, Inc.
Founded in 2002, OCZ Technology Group, Inc. (OCZ) is a leader in the design, manufacturing, and distribution of high performance and reliable solid-state drives (SSDs). OCZ has built on its expertise in high-speed memory to become a leader in the SSD market, a technology that competes with traditional rotating magnetic hard disk drives (HDDs). In addition to SSD technology, OCZ also offers high performance components for computing devices and systems, including enterprise-class power management products. For more information, please visit: www.ocztechnology.com.
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. Merriman specializes in four industry growth sectors: Technology; Telecom; Consumer, Media & Internet and CleanTech Infrastructure. For more information, please go to www.merrimanco.com. Merriman Capital, Inc. is a member of FINRA and SIPC.
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 Merriman Holdings, Inc., OCZ Technology Group, Inc., or any other 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 Capital, Inc.