Merriman Holdings Inc. : MERRIMAN CAPITAL SERVED AS LEAD PLACEMENT AGENT FOR LOCAL CORPORATION IN $5 MILLION RAISE SAN FRANCISCO,April 30, 2013 - Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), announced today that it acted as Lead Placement Agent for Local Corporation (NASDAQ: LOCM), in selling $5 million in convertible subordinated notes and warrants to purchase common stock. The proceeds are to be used for general working capital. Norm Farra, a banker on Merriman's expanding Financial Entrepreneur Platform (FEP), sourced the deal and was a critical part of the team in both placing and closing the transaction. The Financial Entrepreneur Platform exclusively supports highly ethical, independent investment bankers, respected research professionals, wealth managers, and the clients they work with. Through contractual service agreements, FEP members can obtain access to Merriman Capital's business services, such as: compliance and security licensing; equity distribution and placement; facilities; legal advice and document review; technology infrastructure; investor conferences' and "deal or non-deal" road shows. "Working with Norm Farra and Local Corporation was a true pleasure," said David Lachtman, managing director and head of equity placements at Merriman Capital. "Together, we explored various financing options and ultimately chose to close a transaction Merriman believes has favorable terms for both the issuer and the investors." About Local Corporation Local Corporation (LOCM) is a leading online local media company that connects brick-and-mortar businesses with over a million online and mobile consumers each day using a variety of innovative digital marketing products. To advertise, or for more information, visit: http://localcorporation.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. 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 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/. 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 filed on April 1, 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," "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 filed on April 1, 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." # # # At the Company: David Lachtman Managing Director Merriman Capital, Inc. (415) 248-5683 Howard Bernstein Chief Compliance Officer Merriman Capital, Inc. (415) 262-1377 ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Merriman Holdings Inc. via Thomson Reuters ONE HUG#1697639
Merriman Holdings Inc. : MERRIMAN CAPITAL SERVED AS LEAD PLACEMENT AGENT FOR LOCAL CORPORATION IN $5 MILLION RAISE
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