SAN FRANCISCO, November 12, 2013-- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (MERR), announced today its engagement with Oomba, Inc. to provide access to private funding sources as Oomba focuses on completing and marketing their social media platform for sports, games and tournaments.
Michael Williams, CEO of Oomba, said, "With extensive experience raising capital for early stage social media companies, Merriman is an ideal partner for Oomba. They understand the big picture of what Oomba is about and how to convey that opportunity to the right investor groups."
Jon Merriman, CEO of Merriman Capital said, "Oomba`s specialized social network platform geared toward sports and games coupled with their internet broadcasting channel, Oomba.tv, make for an exciting and differentiated opportunity on a very large scale."
Oomba has launched Oomba.tv with live streaming video content from events such as the Speedgolf World Championships at Bandon Dunes Golf Resort and the upcoming EA Sports Maui Invitational basketball tournament. For an idea of the addressable market opportunity, the Speedgolf event alone garnered over 200,000 unique viewers for just one niche competition in an industry that averages approximately a million tournaments annually. Oomba is in the final stages of completing their specialized social network that will help people organize the sports, games and tournaments they play.
Oomba, Inc. is a specialized social media company that is creating an interactive social network for tournaments, leagues and teams. Oomba revolutionizes how people organize sports and games by melding software as a service with a social network. Based in Irvine, CA, the Company was founded by Michael Williams, CEO, founder of Planetwide Games and Tremor Entertainment. Aiding Williams in the creative development of Oomba is co-founder and visionary, Nolan Bushnell, famed video game developer and founder of both Atari and Chuck E. Cheese restaurants. For more information on Oomba, Inc. visit www.oomba.com.
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/.
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