Merriman Capital Grows Its Equity Research Group With Three Senior Analyst Hires

SAN FRANCISCO, June 7, 2011 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (NASDAQ: MERR), today announced that it has hired three veteran analysts to fill key equity research roles in Branded Consumer – Specialty Retail, CleanTech Infrastructure and Data Center Technologies.

The new equity research team members include:

• Jesse Herrick, vice president and equity research analyst in CleanTech Infrastructure, was most recently at TriplePoint Partners as founder and managing director where he consulted for clean technology and energy focused companies, primarily on internal business development issues. He previously held a CleanTech equity research position at Merriman Capital. Herrick began his career as a mechanical engineer for ATK Space Systems, Lawrence Livermore National Laboratory and the Defense Advanced Research Projects Agency. He earned his M.S. in mechanical engineering from UC Berkeley and B.S. in mechanical engineering from UC Santa Barbara. 
• Kristine Koerber, managing director and equity research analyst in Branded Consumer / Specialty Retail, was most recently at JMP Securities (NYSE: JMP) as a managing director and senior equity research analyst.  Prior to joining JMP, Koerber was a managing director and senior research analyst at WR Hambrecht + Co. She also served in senior research roles at Banc of America Securities (formerly Montgomery Securities) and CS First Boston. In 2010 and 2007, Koerber was recognized as a top analyst in the "Specialty Retailers & Services" sector by The Wall Street Journal's annual "Best on the Street: Analysts Survey." She has also consistently received analyst awards by Forbes. Koerber holds a B.S. in finance from Arizona State University. 
• Kaushik Roy, managing director and equity research analyst in Data Center Technologies was most recently a research analyst at Wedbush Securities. Prior to joining Wedbush, Roy was a buy-side analyst at Lehman Brothers (formerly Neuberger Berman) for their technology hedge fund. He has also held key research positions at Susquehanna Financial Group and Robertson Stephens. Roy has worked in the technology industry as a product manager and strategic investment manager at EMC Corporation. He earned his M.B.A. from Cornell University, M.S. in electrical engineering from Louisiana State University and B.S. in electrical engineering from B.I.T, India. 

"We are delighted to welcome Jesse, Kristine and Kaushik to our equity research team. We believe their insight will add to our ability to meet increasing institutional investor demand for quality differentiated investment ideas in the  Branded Consumer / Specialty Retail, CleanTech Infrastructure and Data Center Technologies sectors," said Eric Wold, Director of Research at Merriman Capital, Inc. "These outstanding analysts join a dedicated roster of award-winning Merriman research analysts focused on identifying trends early  that might otherwise go unnoticed, especially in the current volatile capital markets environment."

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 and high net worth investors. 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 .

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. 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, 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.