Merriman Holdings Announces Commencement of Trading on OTCQX

SAN FRANCISCO, Nov. 23, 2011 /PRNewswire/ -- Merriman Holdings, Inc. (OTCQX: MERR) today announced that it will begin trading on OTCQX®. Scarsdale Equities, LLC will serve as the Company's Designated Advisor for Disclosure (DAD).  

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Merriman Holdings, Inc. is a financial services holding company whose wholly owned subsidiary, Merriman Capital, Inc., is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. The Company also provides capital raising, advisory, and M&A services. 

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.

Spencer Grimes, Head of Capital Markets Services at Merriman Capital, stated, "We are proud to join our clients in trading on OTCQX today. Having been personally involved with OTCQX since its inception, when our CEO, Jon Merriman, had us qualified as the first investment bank DAD and Principal American Liaison (PAL), I have seen the many benefits that the platform provides. For a stock like ours, being quoted on OTCQX makes great sense and embodies the advisory services we are providing to companies globally."

About Merriman Holdings, Inc.

Merriman Holdings, Inc. is the parent company of Merriman Capital, Inc., which 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 OTCQX

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, 2011 and our Form 10-Q filed on November 14, 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 November 14, 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.