2013-03-06 15:34:09 -
SAN FRANCISCO - March 6, 2013 - Merriman Capital, Inc., a wholly-owned
subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), initiated coverage of The
SpendSmart Payments Company (OTCQB: SSPC) with a Speculative Buy rating and a $1
price target.
The SpendSmart Payments Company (SSPC) is an emerging financial services company
focused on providing prepaid cards initially to the youth market by leveraging
its unique feature set built specifically for this demographic. SSPC is
leveraging teen-pop sensation Justin Bieber's brand identity and rich social
networks to drive card sales. SpendSmart will also drive card volume thru
direct response marketing, the internet and endorsement agreements with not for
profit and other organizations that want to promote responsible spending and
financial literacy to their constituencies.
"SpendSmart is targeting lucrative demographic niches in the prepaid debit card
market,
with a particular emphasis on the exciting 'teen' market," commented
Joel Achramowicz, Managing Director at Merriman Capital. "With focused
merchandising and the expected lift from celebrities' social networks, the
company could see rapidly accelerating revenues in the months ahead."
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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
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 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, 2012 and the Form 10-Q filed on November
14, 2012 . 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, 2012 and the Form 10-Q filed on November
14, 2012, together with this press release and the financial information
contained herein, are available on our website, www.merrimanco.com. Please click
on "Investor Relations."
At the Company:
Joel Achramowicz
Managing Director
Equity Research
(415) 568-3926
Adriana Piltz
Director of Research
Merriman Capital, Inc.
(646) 292-1424
For Disclosures please see full report in the link above.
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originality of the information contained therein.
Source: Merriman Holdings Inc. via Thomson Reuters ONE
[HUG#1683426]
