SAN FRANCISCO, September 18, 2013-- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (MERR), today announced its exclusive engagement with iD Perfumes, Inc. to advise on growth capital to further support its growing perfume business for Adam Levine`s line of debut fragrances, as well as sign and develop new and exciting perfume brands. In addition, Merriman Capital, Inc. will be assisting iD Perfumes, Inc. to finance a roll up of independent perfumery chains in the United States.
"The fragrance industry in the United States is complex and fragmented. I am prepared and eager to implement my consolidation plan, which will bridge the gap between the manufacturer and the consumer, and help the entire industry grow" said Ilia Lekach, CEO and Chairman of ID Perfumes, Inc., former CEO of Perfumania Holdings (PERF - NASDAQ) and Parlux Fragrances.
About iD Perfume, Inc.
iD Perfume, Inc. is a new business whose management team is behind the success of fragrance collections for Paris Hilton, Perry Ellis, Guess?, Ed Hardy, Katy Perry, Selena Gomez, and most recently Adam Levine. Catering to both local and duty free retail, iD Perfumes products can be found in a variety of major retail and specialty chain stores in the United States and International markets.
About Merriman Capital, Inc.
Merriman Capital, Inc. is a corporate advisory-focused registered investment bank that provides equity and options execution services, market making, and differentiated research for high growth companies. The firm also provides capital formation, advisory, and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. (MERR) and is the leading investment banking firm for unique high-growth 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/.
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 any entity. 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, 2013 and the Form 10-Q filed on August 14, 2013. 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, 2013 and the Form 10-Q filed on August 14, 2013, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on "Investor Relations."
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Source: Merriman Holdings Inc. via Thomson Reuters ONE
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