SAN FRANCISCO - September 10, 2013 - Merriman Capital, Inc. ("Merriman"), a wholly owned subsidiary of Merriman Holdings, Inc. (MERR), announced today that it has initiated equity research coverage of SMACK Sportswear ("the Company") (SMAK) at Speculative Buy and a $0.09 price target.
Headquartered in Los Angeles, SMACK Sportswear designs, manufactures and distributes sports and beach apparel to teams, clubs, athletes, beach goers and sports enthusiasts. SMACK`s products come in various materials, designs, colors and are available in customizable packages that cater to its client`s whims. The company`s in-house sublimation, screen printing and stitching provide clubs and teams with a one-stop storefront for custom uniforms, which eliminates the cumbersome process of purchasing generic sportswear from large apparel companies only to transfer them to outsourced screen printers for customization--a typical process undergone in uniform development.
SMACK distributes its products through its e-commerce web portal www.smacksportswear.com and through in-house sales initiatives that directly target teams and clubs. The company generates revenues through apparel sales via the Internet, retail stores, and through club & school team purchases.
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. (MERR) 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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Director of Research
Merriman Capital, Inc.
Chief Compliance Officer
Merriman Capital, Inc
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Source: Merriman Holdings Inc. via Thomson Reuters ONE