SAN FRANCISCO, June 26, 2012 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), today announced that it was retained as capital markets advisor to Webxu, Inc. (OTCBB: WBXU). In this capacity, Merriman will advise Webxu on various matters focused on increasing shareholder value. These matters include the expansion of the institutional shareholder base, aiding in trading liquidity and evaluating an upgrade to NYSE, NASDAQ or OTCQX.
Matt Hill, Chairman and CEO of Webxu, said "We are very excited to engage with Merriman Capital. They have a successful track record as a capital markets advisor. We anticipate that partnering with the Merriman team will result in an increase in our overall market value."
About Webxu, Inc.Webxu, Inc. (WBXU) is a performance media company that develops, owns and operates a network of branded consumer websites focused on Customer Acquisition and E-Commerce. Through its network of websites, Webxu generates revenue by providing advertisers with sales leads from highly-targeted consumer traffic. Webxu is headquartered in Los Angeles, CA. For more information about Webxu visit http://www.webxu.com. 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. We also provide 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 http://www.merrimanco.com/. Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/contact.cfm. 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 Form 10-Q field on May 15, 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 Form10-K/A filed on April 30, 2012 and Form 10-Q field on May 15, 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."