2013-08-26 16:59:02 -
SAN FRANCISCO - August 26, 2013 - Merriman Capital, Inc. ("Merriman"), a wholly
owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), announced today that
it has initiated equity research coverage of OriginOil, Inc. ("the Company")
(OTCQB: OOIL) at Speculative Buy and a $0.55 price target.
Headquartered in Los Angeles, OriginOil, Inc. develops, manufactures and
licenses its Electro Water Separation(TM) (EWS) systems. EWS is a proprietary
system that provides a turnkey process for separating nearly 99% of organic
particulates from water. OriginOil's technology can be modified to service
various industries and can be "built up" to not only fulfill the
laboratory research projects, but also full scale multi-hectare projects in
algae harvesting production, aquaculture ponds or in commingled oil and water
OriginOil distributes its products through internal and external sales
initiatives that are directly targeted toward algae research and harvesting
facilities, hydro fracturing well operators and service companies and
aquaculture farms. The company generates revenues through the sale and licensing
of its various technologies.
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About Merriman Capital, Inc.
Merriman Capital, Inc. is a corporate advisory-focused registered investment
bank that provides equity and options execution services, market making, and
differentiated research for high growth companies. The firm also provides
capital formation, 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 unique high-growth companies. For more
information, please go to www.merrimanco.com
Merriman Capital, Inc. is a registered broker-dealer and member of The Financial
Industry Regulatory Authority (FINRA) www.finra.org/
and the Securities
Investor Protection Corporation (SIPC) www.sipc.org/
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 any entity. 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, 2013 and the Form 10-Q filed on August 14, 2013.
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,"
"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, 2013 and the Form 10-Q filed on August 14, 2013, together with this
press release and the financial information contained herein, are available on
our website, www.merrimanco.com. Please click on "Investor Relations."
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Director of Research
Merriman Capital, Inc.
Chief Compliance Officer
Merriman Capital, Inc
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Source: Merriman Holdings Inc. via Thomson Reuters ONE