SAN FRANCISCO, Oct. 5, 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 Malaga Inc. (TSX: MLG; OTCQX: MLGAF) as it begins
trading on OTCQX®.
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Malaga owns and operates the
Pasto Bueno tungsten mine in Peru
and is one of the few publicly traded producers of tungsten outside
of China. 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: "Malaga's
decision to start trading on OTCQX is an important step in
increasing their exposure to U.S. investors. We are proud to assist
the Company in this effort."
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment bank providing equity
and options execution services; OTCQX research, advisory services,
and market making; and capital raise and M&A services.
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." 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 Malaga Inc.
Malaga Inc. owns and operates the Pasto Bueno tungsten mine in
Peru and is one of the few
publicly traded producers of tungsten outside of China. Malaga is a low cost producer due
to its gravimetric ore concentration process and the availability
of hydroelectric power at Pasto Bueno. Malaga's current
production capacity accounts for 15% of the tungsten produced
outside of China. The
Company plans to increase production and explore the property to
develop its reserves and resources.
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.