2013-01-23 14:35:56 -
SAN FRANCISCO - January 23, 2013 - Merriman Capital, Inc. ("Merriman"), a wholly
owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), announced today that
it has been retained as capital markets advisor to SNAP Interactive, Inc. ("SNAP
Interactive") (OTC: STVI). In this capacity, Merriman will advise SNAP
Interactive management on various strategic initiatives focused on increasing
shareholder value. These initiatives include the effective engagement of a
potentially broader institutional shareholder base, strategies intended to
increase trading liquidity and evaluating various opportunities, including
assessments of their trading patterns and opportunities to pursue other venues,
such as NYSE, NASDAQ and the OTCQX.
SNAP Interactive provides online dating and social networking applications.
SNAP's flagship brand, AreYouInterested.com®, is one of the largest social
dating applications on the internet with over 60 million installs, and offers a
completely integrated Facebook, iPhone, Android and Web applications.
"We are very pleased to add SNAP Interactive to our expanding universe of
advisory clients," commented Douglas Rogers, Managing Director of Merriman's
Capital Markets Advisory Group. "Supporting our clients with advice on best
practices regarding their engagement of the capital markets is a key component
of our advisory platform at Merriman. We look forward to sponsoring and
supporting the SNAP Interactive management team in our capacity as their capital
markets advisor."
About Merriman Capital, Inc.
Merriman Capital, Inc. is an 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 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/.
About SNAP Interactive, Inc.
Snap Interactive, Inc. develops, owns, and operates a dating and social
networking software application. The company offers its dating and social
networking application under the AreYouInterested.com brand that can be accessed
on Facebook; and mobile devices, such as iPhone and Android, as well as a stand-
alone Website. It provides users with messaging, access to communicate with
users' matches, the ability to see who viewed their profile, and access to
various other features. As of March 22, 2012, Snap Interactive, Inc. had
approximately 145,000 subscribers. The company was formerly known as eTwine
Holdings, Inc. and changed its name to Snap Interactive, Inc. in December 2007.
Snap Interactive, Inc. was founded in 2004 and is based in New York, New York.
For more information please visit the company's website at www.snap-
interactive.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, 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 Merriman:
Douglas Rogers
Managing Director
Merriman Capital, Inc.
(415) 248-5612
Will Febbo
Chief Operating Officer
Merriman Capital, Inc.
(415) 248-5603
Howard Bernstein
Chief Compliance Officer
Merriman Capital, Inc
(415) 262-1377
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(i) the releases contained herein are protected by copyright and
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Merriman Holdings Inc. via Thomson Reuters ONE
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