NEWPORT BEACH, Calif., Jan. 7, 2013 /PRNewswire/ -- SearchCore, Inc. (OTCQX: SRER),a technology-based Internet marketing services company that connects consumers with brands, products and services, today announced that it has appointed Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), as its Designated Advisor for Disclosure (DAD).
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. A Designated Advisor for Disclosure is selected by an OTCQX company to serve as a securities professional knowledgeable in both the disclosure requirements of U.S. securities laws and the most effective investor communications practices. DAD eligibility is limited to reputable securities attorneys or FINRA member investment banking firms.
Jim Pakulis, Chief Executive Officer of SearchCore, commented, "In 2012 SearchCore made great strides in leveraging our infrastructure and technology to transition our business into new internet-supported verticals. This year will be about establishing an entire network of successful web properties and finder sites. Now that we have transformed our business model and have a compelling new investment story to tell, we have selected an investment bank DAD in an effort to drive increased visibility within the investment community and trading liquidity. We chose Merriman because of the firm's outstanding platform of capital markets advisory services and focused commitment to innovative, small cap growth companies like SearchCore and the institutions and individuals that invest in them."
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. The firm also provides 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/.
About SearchCore, Inc.
SearchCore, Inc. is a technology-based Internet marketing services company that offers customers an integrated suite of services including media, technology, marketing and information. Founded in 2010, SearchCore is headquartered in Newport Beach, California. The Company's common stock trades on the OTC Market's highest tier, OTCQX, under the ticker symbol "SRER." www.SearchCore.com
Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). SearchCore, Inc. cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. SearchCore, Inc. undertakes no obligation to revise these statements following the date of this news release.
SOURCE SearchCore, Inc.