Merriman Holdings Inc. : Axesstel, Inc. Retains Merriman Capital as Capital
SAN FRANCISCO - July 9, 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 Axesstel, Inc. (the
"Company" or "Axesstel") (OTCQB: AXST). Merriman will advise Axesstel
management on various strategic initiatives focused on increasing shareholder
value and assist the company with its involvement with shareholders and
capital markets participants. Merriman provides its advisory clients with
Corporate Services and Capital Markets advice on the effective engagement of a
potentially broader institutional shareholder base, strategies for organizing
their capital structure while helping to increase trading liquidity.
Merriman's Capital Markets Advisory Group clients also benefit from access to
unique capital solutions and the implementation of various capital markets
Axesstel provides connected home, broadband access and wireless voice
solutions for the worldwide telecommunications and home security markets. The
company's product portfolio includes wireless security alert and home
automation systems that offer consumers a variety of connected home and
security alert devices to enhance the digital home experience, broadband
gateway products, including 3G and 4G broadband gateway devices, wireless
desktop and wireline replacement terminals that provide an alternative to the
traditional landline telephone network. Its gateway products seamlessly
combine a modem, wireless wide area networking, a Wi-Fi wireless local area
network, router and a multi-port Ethernet switch to provide wireless broadband
data access via a plug-and-play solution that enables users to network
multiple desktops and laptops. Finally, the company's gateway devices offer
voice over Internet protocol to incorporate advanced voice functionality.
"We are pleased to announce the addition of Axesstel to our rapidly expanding
portfolio of corporate advisory clients,"said Douglas Rogers, Managing
Director and Head of the Capital Markets Advisory Group. "Providing our
clients with market insight, corporate brokerage services and strategic
advisory for public markets and capital solutions are central components of
Merriman's advisory and corporate services platform. We look forward to
working with the Axesstel management team in our capacity as their Capital
About Merriman Capital, Inc.
Merriman Capital, Inc. is a corporate 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 unique high-growth 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/.
About Axesstel, Inc.
Axesstel, Inc. (OTCQB: AXST) is a leading wireless provider of connected home,
broadband access, and voice solutions for the worldwide telecommunications and
home security markets. Axesstel's best in class product portfolio includes
wireless security alert and home automation systems, 3G and 4G broadband
gateway devices, wireline replacement terminals and phones. These products are
used for connected home management services, high-speed data access, and voice
calling. The company has supplied millions of devices to leading
telecommunications operators and distributors in over 50 countries worldwide.
Axesstel is headquartered in San Diego, California.
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 any entity. 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, 2013 and the Form 10-Q filed on May 15, 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-A filed on April 30, 2013 and the Form 10-Q filed on May 15, 2013,
together with this press release and the financial information contained
herein, are available on our website, www.merrimanco.com. Please click on
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Merriman Capital, Inc.
Chief Operating Officer
Merriman Capital, Inc.
Chief Compliance Officer
Merriman Capital, Inc
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Source: Merriman Holdings Inc. via Thomson Reuters ONE
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