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Merriman Capital Announces Sponsorship Of Primary Petroleum Corporation On OTCQX

SAN FRANCISCO, Jan. 24, 2011 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (Nasdaq: MERR), today announced that it will serve as the Principal American Liaison (PAL) for Primary Petroleum Corporation (TSXV: PIE; OTCQX: PETEF) as it lists on OTCQX®.

(Logo: http://photos.prnewswire.com/prnh/20100914/SF64919LOGO)

Primary Petroleum is a junior oil and gas company engaged in exploration and development activities in Montana and Alberta.  The Company announced today that it is now trading on the OTC market's highest tier, OTCQX®.

OTCQX distinguishes the best companies traded OTC from more than 9,000 securities traded on the OTCBB and Pink Sheets® that are not required to meet any financial standards or undergo a qualitative review.

Spencer Grimes, Merriman Capital Managing Director, said: "With assets in the United States, it is natural for Primary Petroleum to increase its exposure to U.S. investors. Listing on the OTCQX today does exactly that. We are excited to be their partner in this effort."

"As a Canadian listed company with the majority of its assets in the Alberta Basin Bakken in Western Montana, along with a growing number of U.S. shareholders, we are looking forward to list our shares on the prestigious OTCQX platform in tandem with Merriman's expertise as our PAL.  With OTCQX, Primary Petroleum can provide U.S. investors with improved liquidity, superior information, transparency, and easy access through their U.S. regulated broker-dealers," states Mike Marrandino, President & CEO of Primary Petroleum.

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, and specializes in three growth industry sectors: CleanTech, Consumer, Media & Internet and Technology. For more information, please go to http://www.merrimanco.com/.

About Primary Petroleum Corporation

Primary Petroleum Corporation (TSXV:PIE, OTCQX:PETEF) has focused a majority of its resources in the acquisition of prospective acreage in the unconventional tight oil resource plays in Montana.  The Company has a significant land position in the Alberta Basin Bakken Fairway in Western Montana and in the Northwest area of the Williston Basin in Eastern Montana.  Currently Primary holds 100% working interest on over 220,000 net acres in both Bakken prospective areas.

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.

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 November 15, 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.

Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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