SAN FRANCISCO, March 1, 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 Passport Potash Inc. (TSXV:PPI; OTCQX:PPRTF) as
it lists on OTCQX®.
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Passport Potash Inc. is a resource company engaged in the
exploration and development of advanced potash properties.
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: "It is exciting to have Passport Potash
join the OTCQX today. Though a Toronto-listed company, Passport has assets in
the United States making it a
natural fit for exposure to U.S. investors. Listing on the QX
does exactly that."
"As a TSX-listed company, we look forward to the additional
listing of our shares on the OTCQX. We believe that this step
will enhance our visibility and access to U.S. investors,"
commented Passport Potash President & CEO Josh Bleak.
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 www.merrimanco.com.
About Passport Potash Inc.
Passport Potash Inc. (TSXV:PPI; OTCQX:PPRTF), an early stage
natural resource company, engages in the acquisition, exploration,
and development of mineral resource properties. The company focuses
on potash. It has an option to earn a 100% interest in the
Holbrook Basin Potash Project
located in the County of Navajo,
Arizona. The company was formerly known as Passport Metals
Inc. and changed its name to Passport Potash Inc. in November 2009. Passport Potash Inc. is based in
Vancouver, Canada.
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.merrimanco.com. Please
click on "Investor Relations."
SOURCE Merriman Holdings, Inc.