SAN FRANCISCO, April 19, 2011 /PRNewswire/ -- VeriTainer Corporation, the world leader in crane mounted scanning technology, has retained Merriman Capital Inc., a wholly-owned subsidiary of Merriman Holdings, Inc. (Nasdaq CM: MERR), to act as their exclusive Designated Advisor for Disclosure (DAD) as the Company moves to trade its shares on the OTCQX. In parallel, Merriman has been retained by the Company for capital markets advisory services.
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.
Spencer Grimes, Merriman Capital Managing Director, said: "We are proud to partner with VeriTainer on their outreach to U.S. investors. Moving towards listing on the OTCQX is the first step in addressing this market, and we are looking forward to helping them increase their exposure."
"Jon Merriman had been following VeriTainer's progress for several years and presented this path for our Company earlier this year," said Lawrence Alioto, Executive Vice President at VeriTainer. "Due to recent events, the global demand for crane-based scanning has never been higher. Listing on the OTCQX will give our Company increased visibility and enhanced access to capital as we expand."
About VeriTainer Corporation
VeriTainer Corporation is a venture-backed leader in crane-based radiation detection technology for scanning of shipping containers to ensure that the world's ports are free from nuclear terrorism. VeriTainer's patented technology enables scanning of 100 percent of shipping containers, addressing a principal vulnerability of the world's population centers and allowing for rapid scanning of containers entering and exiting ports without disrupting the flow of commerce.
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, and specializes in four growth industry sectors: Technology, Telecom, Consumer, Media & Internet and CleanTech Infrastructure. For more information, please go to www.merrimanco.com. Merriman Capital is a member of FINRA and SIPC.
SOURCE VeriTainer Corporation