SAN FRANCISCO, June 3, 2014 - Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (MERR), announced as of today there are over $300 million in alternative investments listed on the Digital Capital Network ("DCN").
"The DCN is allowing our investor community to view multiple offerings across various industry verticals in a compliant, streamlined fashion," said Will Febbo, Merriman`s COO who oversees the DCN. "By coupling a robust cloud based platform with a registered Broker-Dealer, we are clearly differentiated from other platforms in the microcap/crowdfunding capital raising world. The number of family offices, ultra high net worth investors and institutions, as well as issuers, is expanding daily which is critical to the investment process."
Since the start of 2014 the DCN has accomplished the following:
1) Facilitated over $20 million of completed transactions
2) Listed over $200 million in private placements, ranging from "Series A" technology to real estate
3) Listed over $1.1 billion in asset management products
4) Registered several hundred institutions, high net worth and family office investors
5) Established several strategic partnerships to facilitate innovative deal flow
6) Continued technological improvements for all user types
"The early progress of the DCN in attracting issuers and investors has exceeded our expectations," commented Jon Merriman. "We are particularly pleased that the DCN has already helped to facilitate the closing of multiple transactions. There is a huge need for sophisticated investors to see curated, high quality deal flow, ranging from early stage technology to large dividend driven real estate transactions. We will continue to build on relationships such as our recently announced partnerships with market leaders like The Carlton Group and Fantex Brokerage Services (FBS) to significantly expand our product reach."
About Merriman Capital, Inc. and Digital Capital Network
Merriman Capital, Inc. is a full service investment bank and Broker-Dealer that facilitates efficient capital formation through a proprietary digital network, as well as Capital Markets Advisory and comprehensive Corporate Brokerage services for public and private companies. The firm also provides equity and options execution services for sophisticated investors and differentiated research for high growth companies. Merriman Capital, Inc. is a wholly owned brokerage subsidiary of Merriman Holdings, Inc. (MERR) and is a leading advisory firm for publicly traded, high-growth companies.
Digital Capital Network, powered by Merriman Capital, is a capital marketplace that enables highly targeted and more efficient execution of transactions. Please visit our website for more information on how you can be a part of our Digital Capital Network: http://www.digitalcapitalnetwork.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 filed on March 31, 2014. 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 filed on March 31, 2014, 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 the Company:
Merriman Capital, Inc.
Chief Operating Officer
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Merriman Holdings Inc. via GlobeNewswire