SAN FRANCISCO - December 12, 2013 - Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (MERR), announced today the launch of the Digital Capital Network (www.digitalcapitalnetwork.com), an online capital marketplace that enables efficient execution of public and private transactions by connecting accredited and institutional investors with unique issuers seeking capital.
"The launch of the Digital Capital Network ("DCN") follows through on our September acquisition of recently appointed Director Bob Ward`s firm, Distribution Network LLC. Bob has been instrumental in the development and launch of the DCN. The DCN is our solution to bring efficiency and transparency to private and public, institutional quality transactions. We expect to also work with multiple platforms, bankers and automated trading systems in our mission to create financing options for our clients," said Jon Merriman, CEO of Merriman Holdings. "We believe the DCN will help family offices, institutions and private equity firms more efficiently screen and close transactions from multiple sources."
Merriman continued, "We believe that platforms designed to facilitate funding for public or private companies will ultimately be regulated by the SEC and FINRA. Our 12 years as a licensed broker dealer, representing thousands of investors and issuers, allows us to present a platform to the institutionally oriented marketplace that works in the existing regulatory environment."
Will Febbo, who oversees Merriman`s Financial Entrepreneur Platform and the DCN commented, "There are thousands of professionals who do not have access to the regulatory infrastructure or the distribution to complete transactions. Our mission is to enhance capital formation for high quality, small capitalization companies-a group that is largely ignored today."
Jon Merriman added, "It is interesting to note that well over $22 billion in angel and related private financings were completed in 2012 through firms like Kickstarter, Prosper and Angel`s List. We plan to bring similar exposure to institutional quality public and private deals. There is no reason for the institutionally focused marketplace investing in small capitalization companies to be less efficient than the largely retail driven angel marketplace."
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/.
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 November 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 November 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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Chief Operating Officer
Merriman Capital, Inc.
Chief Compliance Officer
Merriman Capital, Inc.
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Source: Merriman Holdings Inc. via GlobeNewswire