SAN FRANCISCO, Sept. 14 /PRNewswire-FirstCall/ -- Merriman Curhan Ford Group, Inc.(Nasdaq: MERR) announced today its new name, Merriman Holdings, Inc., and the appointment of Jon Merriman and Ronald L. Chez as co-chairmen of the company's board of directors. Former chairman of the board, John M. Thompson, joins the company's 10-person advisory board.
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"We are pleased that John Thompson has agreed to join our advisory board," said Jon Merriman, co-chairman and chief executive officer of Merriman Holdings, Inc. "John gave us excellent counsel during his tenure as chairman, and we look for his continued active involvement as an advisory board member."
Shareholders approved the proposal to change the company's name to Merriman Holdings, Inc. at the company's annual meeting on August 10, 2010. The company's broker/dealer subsidiary, Merriman Curhan Ford & Co., has been renamed Merriman Capital, Inc. The change in name is effective immediately.
The stock has been trading under the temporary ticker symbol MERRD for its NASDAQ listing in connection with the company's recent shareholder-approved reverse stock split. The symbol reverted to MERR upon commencement of trading today.
About Merriman Capital, Inc.
Merriman Capital, 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 three growth industry sectors: Technology, CleanTech and Consumer, Media & Internet. For more information, please go to 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 Holdings, Inc.
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