SAN FRANCISCO, Aug. 25, 2011 /PRNewswire/ -- Merriman Capital,
Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (NASDAQ:
MERR), today announced that it will serve as the Principal American
Liaison (PAL) for Solid Resources Ltd. (TSXV: SRW; OTCQX: SLDRF) as
it begins trading on OTCQX®.
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Solid Resources is a Canadian junior mining company focusing on
the exploration and development of rare and precious metals and
industrial commodities worldwide. The Company announced today that
it is now trading on the OTC market's highest tier, OTCQX.
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.
Spencer Grimes, Merriman Capital
Managing Director, said: "Solid Resources is demonstrating an
increased commitment to U.S. investors, and trading on OTCQX is an
important part of this process. We are excited to partner with them
in this effort."
Greg Pendura, President and CEO
of Solid Resources, commented: "There are a growing number of
American investors who are following Solid Resources. The enriched
trading platform provided by OTCQX will better serve these
investors, while allowing Solid with a cost-effective method of
accessing U.S. capital markets."
About Merriman Capital, Inc.
Merriman Capital, Inc. is a full-service investment banking firm
that provides investment banking, sales and trading, and equity
research services to corporate and institutional clients and high
net worth investors. Merriman Capital, Inc. is a wholly owned
subsidiary of Merriman Holdings, Inc., which is listed on the
NASDAQ Stock Market and trades under the symbol "MERR."
Merriman specializes in four growth sector industries:
Technology, Telecom, Consumer, Media & Internet and CleanTech
Infrastructure. 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/contact.cfm.
About Solid Resources Ltd.
Solid Resources is a Canadian junior mining company focusing on
the exploration and development of rare and precious metals and
industrial commodities worldwide. The Company is currently
quantifying the presence of tantalum, tin, lithium and other rare
minerals on its property in north-western Spain. In addition, further exploratory work
is being conducted on its gold, copper concession in the Province
of Ayabaca in northwest Peru.
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/A filed on April 28, 2011 and our Form 10-Q filed
on August 15, 2011.
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 28, 2011 and 10-Q filed on
August 15, 2011, 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.