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Green Energy Management Services Holdings, Inc. Retains Merriman Capital as Capital Markets Advisor

SAN FRANCISCO - September 24, 2013 - Merriman Capital, Inc. ("Merriman"), a wholly owned subsidiary of Merriman Holdings, Inc. (MERR), announced today that it has been retained as Capital Markets Advisor to Green Energy Management Services Holdings, Inc. ("GEM") (GRMS). Merriman will provide issuer consulting and equity capital markets advisory services to GEM`s management team.

Merriman provides its capital markets clients with corporate brokerage services and advice on the effective engagement of a potentially broader institutional shareholder base, financing solutions, and strategies for organizing their capital structure while performing excellent market making. Merriman`s Capital Markets Advisory Group clients also benefit from access to unique capital solutions and the implementation of various public markets initiatives.

GEM designs cost-saving solutions related to energy management for its municipal and commercial customers. These full service energy efficiency programs are provided on a nationwide basis. In addition to energy saving services, GEM provides its clients with water conservation solutions through water valve technology that reduces residential and commercial water usage.

"We are pleased to announce the news of our newest capital markets advisory client, Green Energy Management Services," said Doug Rogers, Managing Director of Merriman Capital, Inc. "Merriman`s growing portfolio of ongoing corporate clients benefit from market insight, corporate brokerage services as well as strategic advice for capital solutions."

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. 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/.

About Green Energy Management Services Holdings, Inc.

Based in the eastern United States, GEM is a full service, national energy management company. GEM provides its clients all forms of energy efficiency solutions mainly based in three functional areas: energy efficient lighting upgrades, renewable energy generation and efficient water utilization. GEM is currently primarily involved in the distribution of energy efficient ("LED") lighting solutions and proprietary water management technologies to end users who utilize substantial quantities of electricity and water. GEM structures its contracts with no upfront or maintenance costs to its customers and shares in the achieved energy and maintenance savings, using shared savings contracts. Additional information on GEM may be found at www.gempowered.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 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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At Merriman:

Douglas Rogers
Managing Director
Merriman Capital, Inc.
(415) 248-5612
Will Febbo
Chief Operating Officer
Merriman Capital, Inc.
(415) 248-5603
Howard Bernstein
Chief Compliance Officer
Merriman Capital, Inc.
(415) 262-1377

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Source: Merriman Holdings Inc. via Thomson Reuters ONE