Merriman Capital Announces Sponsorship of RX Exploration Inc. on OTCQX
SAN FRANCISCO, Oct. 27 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (Nasdaq: MERR), announced today that it will serve as the Principal American Liaison (PAL) for RX Exploration Inc. (TSXV: RXE; OTCQX: RXEXF) as it lists on OTCQX®.
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OTCQX distinguishes the best companies traded OTC from more than 9,000 securities traded on the OTC Bulletin Board and Pink Sheets® that are not required to meet any financial standards or undergo a qualitative review.
Spencer Grimes, Managing Director of Merriman Capital, said: "RX Exploration's decision to list on the OTCQX is further proof of their commitment to US investors. We are excited to be their partner in this effort."
RX Exploration Inc. is a gold exploration company whose strategy is to re-examine gold projects within North America that have previously reached advanced exploration, underground development or past gold production. The company announced today that it is now trading on the OTC market's highest tier, OTCQX®.
"We are pleased to be able to better serve the growing number of U.S. investors following RX Exploration with the enhanced U.S. based trading platform offered by OTCQX," said RX Exploration's President Murray Nye. "The OTCQX has earned a strong reputation for providing U.S. investors with improved liquidity, transparency, superior information, and easy access through their U.S. regulated broker-dealers, while Merriman's blend of investment banking, equity research and financial marketing services has a proven track record of success in elevating the profile of their client companies."
About RX Exploration Inc.
RX Exploration Inc. is a gold exploration company whose strategy is to re-examine gold projects within North America that have previously reached advanced exploration, underground development or past gold production. The Company is currently focused on re-starting production from their Drumlummon Mine, a past producing high-grade, bonanza-type, epithermal underground gold and silver mine in Montana. Ore from a current test mining program above the 500 level is being trucked to and processed in a leased mill located in Phillipsburg, Montana.
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.
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 through its subsidiary, Merriman Capital, Inc., and specializes in three growth industry sectors: CleanTech, Consumer, Media & Internet and Technology. For more information, please go to http://www.merrimanco.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 30, 2010. 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 30, 2010 and the Form 10-Q filed on August 12, 2010, together with this press release and the financial information contained herein, are available on our website, www.mcfco.com. Please click on "Investor Relations."
SOURCE Merriman Capital, Inc.
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