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 initiatives.
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 Markets Advisor."
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 (http://www.merrimanco.com/). Please click on "Investor Relations."
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At Merriman:
Douglas Rogers
Managing Director
Merriman Capital, Inc.
(415) 248-5612
Will Febbo
Chief Operating Officer
Merriman Capital, Inc.
(415) 248-5603
Howard Bernstein
Chief Compliance Officer
Merriman Capital, Inc
(415) 262-1377
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(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
