SAN FRANCISCO, July 14, 2014 - Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (MERR) announced today that it acted as co-placement agent in the $4 million private common stock offering for Rant Media Network, Inc. ("Rant`s"). This raise will further accelerate the company`s rapid growth and network expansion.
"The experience Merriman brought to the table was second to none. Leveraging their knowledge during the process was incredibly helpful and Rant will benefit from working with them down the road. It`s going to be an exciting time for all involved in the process," said Brett Rosin, CEO and Co-Founder of Rant Media Network, Inc.
"We are very excited about Rant`s business given their extraordinary growth, market reach and strong brand," commented Jon Merriman. "The private company financing market is an active, evolving area right now, and we were pleased to assist and advise the Rant entrepreneurs in obtaining private growth capital."
About Merriman Capital, Inc.
Merriman Capital, Inc. is a full service investment bank and Broker-Dealer that facilitates efficient capital formation through a proprietary digital network, and offers 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/.
About Rant Media Network, Inc.
Rant Media Network, Inc., a leading creator and distributor of online media, owns and operates a network of opinionated sports, lifestyle, and entertainment content. Its expanding portfolio of sites includes RantSports, RantLifestyle and RantChic. RantSports, established in February 2010, covers all major world sports, leagues, teams, players and sporting events. RantLifestyle, established in October 2013, delivers celebrity, dining, and entertainment content of interest to men. RantChic, also launched in October 2013, creates content for women on topics including beauty and fashion, food and health and shopping.
Across its sites, Rant leverages its broad network of more than 400 paid writers across the United States, Canada, and the United Kingdom to provide male and female enthusiasts with entertaining and engaging content. Major brands partner with Rant to develop unique native content experiences and to reach its passionate audience. Rant offers deeply engaging content across its 100% owned and operated and fully transparent network of sites.
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 the Company. 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-Kfiled 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 Compliance Officer
Merriman Capital, Inc.
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Source: Merriman Holdings Inc. via GlobeNewswire