Merriman Holdings, Inc. Names Jon Merriman as CEO and Jack Thrift as COO of its Investment Bank

SAN FRANCISCO, Aug. 18, 2011 /PRNewswire/ -- Merriman Holdings, Inc. (NASDAQ:MERR) today announced that Jon Merriman , CEO and Co-Chairman of Merriman Holdings, has been appointed as CEO of its broker dealer / investment bank.  Jack Thrift has been named Chief Operating Officer of Merriman Capital in addition to his current duties as CFO.

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As COO and CFO, Thrift will be responsible for all operational and financial elements of the broker dealer and remains a member of the executive committee.

Thrift commented: "I look forward to managing our growth profitably and deliberately.  The steps we have taken this week will improve our break even considerably. I look forward to increasing our efficiency and streamlining all of our processes to reduce costs."

Merriman added: "My priorities are revenue generation, profitable expansion of the firm and careful examination of strategic opportunities to strengthen our business.  In Jack Thrift, we are fortunate to have a very seasoned investment banking executive with a strong grasp of process, expense control and strategic priorities.  Jack along with Paul Kent, our Head of Equity Capital Markets, and Michael Marrus, Head of Investment Banking, will work together to align our business opportunities with the infrastructure necessary to accomplish our goals.  With difficult markets come significant opportunities and I look forward to exploiting those opportunities and getting us back to profitability."  

About Merriman Holdings, Inc.

Merriman Holdings, Inc. (NASDAQ: MERR) is a financial services firm focused on fast-growing companies and the institutions that invest in them.  The company offers high-quality investment banking, equity research, institutional services and corporate & venture services, and specializes in these growth industry sectors: Technology, Telecom, Consumer, Media & Internet and CleanTech Infrastructure.  For more information, please go to www.merrimanco.com. Merriman Capital is a member of FINRA and SIPC.

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.

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