SAN FRANCISCO - November 7, 2013 - Merriman Capital, Inc., a wholly-owned subsidiary of Merriman Holdings, Inc. (MERR), announced today that it has increased its price target on Points International Ltd. (PCOM) from $24.60 to $30.85.
Points International Ltd. provides various ecommerce and technology services to loyalty program operators globally. Its services enable the sale of loyalty currencies, such as frequent flyer miles, hotel points, and credit card points. Points International also supports their operator clients with enhanced loyalty program consumer offerings and back end operations support.
The company offers a range of white label and private branded ecommerce solutions, including the online sale of loyalty currency direct to program members, which allow members to top-up their accounts to reach a redemption threshold or send a gift to friends or family members. Users can also transfer pre-existing loyalty currency from one member into another member`s account.
The Company also operates Points.com, a consumer focused reward management Website that provides members of multiple loyalty programs the ability to track and manage their loyalty currencies. Points International Ltd. was incorporated in 1999 and is headquartered in Toronto, Canada.
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."
At the Company:
Director of Research
Merriman Capital, Inc.
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Source: Merriman Holdings Inc. via Thomson Reuters ONE