SAN FRANCISCO, Sept. 14, 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 Stronghold Metals Inc. (TSXV: Z; OTCQX: SDMTF) as
it begins trading on OTCQX®.
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Stronghold Metals Inc. is a mining exploration company based in
Vancouver, BC, and it focuses on
the discovery of gold, copper and other metals in South
America. 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: "It is great to see Stronghold Metals
trading on OTCQX today. President and CEO Yannis Tsitos' experience at BHP Billiton will
continue to benefit the Company as they execute on their plan and
explore opportunities to add to their portfolio. We are
looking forward to having more U.S. investors involved in
Stronghold Metals."
Yannis Tsitos, President and CEO
of Stronghold Metals, stated: "We are very pleased that we are
joining the top tier OTCQX trading platform and the impressive list
of international companies whose shares trade on this exchange; a
list of companies which range from the giants Allianz, Air France
KLM and Adidas Group to B2 Gold and MBAC Fertilizer Corp. among
others from the mining spectrum. During 2011, we have noticed that
a growing number of American investors are inquiring about and
following Stronghold Metals. With this listing, we are showing our
commitment to U.S. investors who after all will have easier access
to our stock, as well as greater transparency in their trades. We
are also excited that Merriman Capital will become our Principal
American Liaison; our Company's Board and our management team are
welcoming this partnership."
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. 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 Stronghold Metals Inc.
Stronghold Metals Inc. is a mining exploration company based in
Vancouver, BC, and it focuses on
the discovery of gold, copper and other metals in South
America. Stronghold is currently active in two countries,
Guyana and Brazil. Its board is comprised of
experienced professional geo-scientists and financiers who
have a proven track record of bringing mines to production and
value to their shareholders' investment. The Company is
currently conducting a 15,000 meter drill program on its flag
property, the Eagle Mountain Project in Guyana (in JV with IAMGOLD). The Company
is also looking to add to its portfolio of properties
through mergers and acquisitions in order to
diversify its interests and increase value to its
shareholders, as it has recently done with its affiliation with
IAMGOLD.
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, 2011and 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.