SAN FRANCISCO, Aug. 13, 2012 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), today announced that it was retained as capital markets advisor to Sitoa Global, Inc. (OTCQB: STOA). In this capacity, Merriman will advise Sitoa on various matters focused on increasing shareholder value. These matters include the expansion of the institutional shareholder base, aiding in trading liquidity and evaluating an upgrade to NYSE, NASDAQ or OTCQX.
Sitoa has established a robust, Cloud-based e-commerce transactional platform that's global, redundant and scalable," stated Joel Achramowicz, Managing Director of Equity Research at Merriman Capital. "The company already supports several e-commerce application silos today; and, it intends to augment its platform by plugging in small, but pertinent e-shopping sites right into its modular service-oriented architecture (SOA) to extend its scope, reach and product breadth. In this way, Sitoa intends to grow into a global player in the network-based, e-commerce community."
About Sitoa Global, Inc.
With the goal to make it easier for retailers and product suppliers to sell online, the Sitoa solution was based on providing an easy-to-use and comprehensive platform to expand product offerings and take advantage of fast-moving market opportunities.
With the evolution of the Sitoa MarketPlace Platform, Sitoa has changed the way online commerce works, helping retailer hosts and product sellers dramatically shorten time-to-market, create new drop-ship efficiencies and drive sales growth. Our technology base offers a single, unified source for product information, orders and logistics. And, our expert support teams work to help our host retailers expand their markets and develop successful partnerships that will create velocity in our partner's online channels.
Our mission is to create strategic power channels for our MarketPlace partners, with a unique Platform solution that creates a disproportional selling advantage. Companies that wish to discuss potential agreements with Sitoa should contact George Yu at (415) 830-6210. Let us show you how to change the game and come out far ahead of the competition. For more information please go to: http://sitoaglobal.com/.
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. We also provide capital raising, advisory and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR) and is the leading investment banking firm for OTCQX companies. 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 30, 2012 and the Form 10-Q filed on May 15, 2012 . 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, 2012 and the Form 10-Q filed on May 15, 2012, 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.