Livevol Receives Private Funding from Institutional Investor

SAN FRANCISCO, May 23, 2012 /PRNewswire/ -- Livevol® Inc., a leading provider of real-time and historical data solutions to professional and retail equity and index option traders, today announced that it has raised private funding from an institutional investor to fund the acceleration of Livevol's development.

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The Company plans to use the proceeds to expand its data, analytics and brokerage services. Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), acted as the sole advisor in the transaction.

Ronald L. Chez was the lead institutional investor in the private transaction. He will join Livevol's board of directors as part of his involvement. Chez is an active investor in public and private rapidly growing small cap companies. He serves on several boards of public and private companies. 

"Livevol has experienced exponential growth since our launch in October 2009," said Stefen Choy, Co-Founder and Chief Operating Officer of Livevol, Inc. "The investment from an investor such as Ron Chez provides Livevol with a strong financial base and a strategic partner as we further grow our platform to become the premier technology provider for equity and options trading."

Chez commented: "I have full confidence in Stefen and his management team as they accelerate the development of Livevol's trading tools for further expansion in the electronic marketplace. As an active investor myself, I believe Livevol X can be the new standard in options trading – more traders will benefit from this great technology through Livevol's continued growth."

About Livevol, Inc.

Livevol® Inc. is a leading provider of real-time and historical data solutions to professional and retail equity and index option traders. Livevol offers direct market access to options and equities traders through Livevol Securities, Inc., Member FINRA/ SIPC. For more information, please go to http://www.livevol.com and http://www.livevolsecurities.com

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. The firm also provides 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/.

SOURCE Merriman Holdings, Inc.

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