SAN FRANCISCO - September 30, 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 IEG Holdings Corporation ("IEG Holdings") (OTCPK:IEGH). Merriman will provide issuer consulting and equity capital markets advisory services to IEG Holdings` 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. Merriman`s Capital Markets Advisory Group clients also benefit from access to unique capital solutions and the implementation of various public markets initiatives.
IEG Holdings does business in the US as the consumer brand, Mr. Amazing Loans. Mr. Amazing Loans provides consumer loans that are typically from $2,000 to $10,000, unsecured over a three to five year term and are licensed and originated in Arizona, Florida, Illinois, and Nevada. The fully compliant status and affordable repayments are among some of the unique aspects of IEG Holdings` business model.
"IEG Holdings is experiencing strong growth from the rapid expansion of Mr. Amazing Loans in key geographic locations and the recent launch of our online advertising strategy," said Paul Mathieson, CEO of IEG Holdings. "We are thrilled to be working with the talented and experienced team at Merriman Capital."
Doug Rogers, Managing Director and Head of the Capital Markets Advisory Group at Merriman commented, "We are pleased to announce IEG Holdings as the newest addition to our growing portfolio of corporate clients. Our 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 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 IEG Holdings Corporation
IEG Holdings Corporation provides unsecured consumer loans under the brand name "Mr. Amazing Loans" via its website www.mramazingloans.com. After lending approximately $48 million to over 11,500 borrowers in Australia, Company Founder and CEO Paul Mathieson moved to the U.S. market in 2008 to replicate the successful business model. IEGH now operates online in the USA covering all of Nevada, Arizona, Illinois and Florida with advanced plans to expand to other states. The company launched advertising for its online loan origination platform in mid 2013, partnering with top lead generators in the United States. The company`s loans range in value from $2,000 to $10,000 and have a term of three to five years with a 19.90% to 29.97% APR. Significant growth is expected from the online loan origination business, which has the potential to scale much more rapidly and at a higher net margin than the previous brick-and-mortar business. For more information visit www.investmentevolution.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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Merriman Capital, Inc.
Chief Operating Officer
Merriman Capital, Inc.
Chief Compliance Officer
Merriman Capital, Inc.
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Source: Merriman Holdings Inc. via Thomson Reuters ONE