SAN FRANCISCO, April 24, 2012 /PRNewswire/ -- Merriman Capital,
Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX:
MERR), today announced that it will serve as the Principal American
Liaison (PAL) for Audio Pixels Holdings Limited (OTCQX: ADPXY |
ASX: AKP) as it is now trading on the OTC market's highest tier,
OTCQX®.
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Audio Pixels has developed a revolutionary technological
platform for reproducing sound, thus enabling the production of an
entirely new generation of speakers that will exceed the
performance specifications and design demands of the world's top
consumer electronics manufacturers.
OTCQX distinguishes the best companies traded over-the-counter
(OTC) from more than 9,000 securities traded on the OTCBB and OTC
Link that are not required to meet any financial standards or
undergo a qualitative review.
Fred Bart, Chairman of Audio
Pixels, stated: "Audio Pixels' quotation on OTCQX provides the
Company with greater exposure of its digital speaker technologies
to North American investors. We look forward to working with
Merriman Capital, which has been retained to provide a suite of
investor and market making services including the Principal
American Liaison compliance function."
Spencer Grimes, Head of the
Capital Markets Advisory Group at Merriman Capital, added: "We are
very pleased to serve as Principal American Liaison for Audio
Pixels on OTCQX as they introduce the U.S. capital markets to their
potentially revolutionary new speaker technology. Audio Pixels'
quotation on OTCQX underscores its dedication to engaging and
servicing U.S. investors. We believe that the increasingly diverse
group of companies trading on OTCQX showcases the overall strength
of the platform and continued opportunity for growth in the
future."
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment banking firm providing
equity and options execution services, market making, and
differentiated research for high growth companies. The firm also
provides capital raising, advisory, and M&A services. Merriman
Capital, Inc. is a wholly owned subsidiary of Merriman Holdings,
Inc. (OTCQX: MERR) and is the leading investment banking firm for
OTCQX 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/.
About Audio Pixels Holdings Limited
Audio Pixels Holdings Limited is a company listed on the
Australian Stock Exchange with the code AKP and has its ADRs listed
on OTCQX market in the USA with
code ADPXY. Audio Pixels Holdings Limited owns 100% of Audio
Pixels Limited, an unlisted Israeli corporation that was founded in
July 2006 and has developed a
revolutionary technological platform for reproducing sound, thus
enabling the production of an entirely new generation of speakers
that will exceed the performance specifications and design demands
of the world's top consumer electronics manufacturers.
Audio Pixels' patented technologies employ entirely new
techniques to generate sound waves directly from a digital audio
stream using low cost micro-electromechanical structures (MEMS)
rather than conventional loudspeaker elements. This innovation
enables the production of speaker products that deliver performance
that is many orders of magnitude better than conventional speaker
technologies, all in an affordable package that is only one
millimeter thick.
About OTCQX
The OTCQX marketplace is the premier tier of the U.S. OTC
market. Investor-focused companies use the quality-controlled
OTCQX platform to offer investors transparent trading, superior
information, and easy access through their regulated U.S.
broker-dealers. The innovative OTCQX platform offers
companies and their shareholders a level of marketplace services
formerly available only on a U.S. stock exchange. For more
information and to view a full list of OTCQX companies, visit
www.otcqx.com.
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 30, 2012. 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 30, 2012, together with this
press release and the financial information contained herein, are
available on our website, www.merrimanco.com. Please
click on "Investor Relations."
SOURCE Merriman Holdings, Inc.