SAN FRANCISCO, Dec. 27, 2011 /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 Lonrho Plc (OTCQX: LOHOY; LSE: LONR;
JSE: LAF) as its American Depositary Receipts (ADRs) begin trading
on OTCQX®.
(Logo:
http://photos.prnewswire.com/prnh/20100914/SF64919LOGO)
Lonrho Plc is an expanding conglomerate that owns and operates
businesses in the agriculture, oil and service sectors in emerging
Africa. Lonrho's largest division
is in agriculture and agri-logistics, where the company supplies
produce to retail chains, including Costco, Walmart and Sysco in
the US market, and distributes John Deere equipment into
Africa. The Company announced
today that its ADRs, each representing 100 ordinary shares, are 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, Head of Capital
Markets Services at Merriman Capital, stated: "We are proud to
serve as the Principal American Liaison for Lonrho Plc as they
extend their commitment to U.S. investors. The OTCQX is the ideal
platform for successful international companies such as Lonrho to
participate in the U.S. capital markets. We look forward broadening
their exposure to investors who recognize the rapid growth of
emerging markets. Lonrho's diversified agri-business,
infrastructure, hotel and logistical support verticals will
continue to leverage the GDP growth of Africa, while its wholly owned subsidiaries,
such as Oceanfresh, continue to penetrate the American
marketplace."
David Lenigas, Lonrho Plc's Chairman, stated: "Lonrho has a
unique 100-year history in developing successful businesses in
Africa, and we are seeing strong
investor demand from the United
States to access Africa as
a rapidly emerging market. The interaction between Lonrho and the
American consumer is growing as we supply increasing quantities of
produce to retailers such as Costco, Walmart and Sysco, and grow
our distribution network for John Deere equipment in Africa."
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. We also provide
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/contact.cfm.
About Lonrho Plc
Lonrho Plc (OTCQX: LOHOY; LSE: LONR; JSE: LAF) is an expanding
conglomerate that is rapidly growing a successful business
throughout Africa. Lonrho is
strategically focused on the development of business opportunities
in infrastructure, agribusiness, transportation, hotels and support
services and operates in seventeen countries across the
Continent. www.lonrho.com
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
November 14, 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
November 14, 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.