SearchCore Appoints Merriman Capital as Designated Advisor for
Disclosure on OTCQX
NEWPORT BEACH, Calif.,
Jan. 7, 2013 /PRNewswire/
-- SearchCore, Inc. (OTCQX: SRER),a technology-based
Internet marketing services company that connects consumers with
brands, products and services, today announced that it has
appointed Merriman Capital, Inc., a wholly owned subsidiary of
Merriman Holdings, Inc. (OTCQX: MERR), as its Designated Advisor
for Disclosure (DAD).
(Logo:
http://photos.prnewswire.com/prnh/20120106/LA31342LOGO)
OTCQX distinguishes the best companies traded over-the-counter
(OTC) from more than 9,000 securities traded on the OTCBB and OTC
Link that are not required to meet any financial standards or
undergo a qualitative review. A Designated Advisor for Disclosure
is selected by an OTCQX company to serve as a securities
professional knowledgeable in both the disclosure requirements of
U.S. securities laws and the most effective investor communications
practices. DAD eligibility is limited to reputable securities
attorneys or FINRA member investment banking firms.
Jim Pakulis, Chief Executive
Officer of SearchCore, commented, "In 2012 SearchCore made great
strides in leveraging our infrastructure and technology to
transition our business into new internet-supported
verticals. This year will be about establishing an entire
network of successful web properties and finder sites. Now
that we have transformed our business model and have a compelling
new investment story to tell, we have selected an investment bank
DAD in an effort to drive increased visibility within the
investment community and trading liquidity. We chose Merriman
because of the firm's outstanding platform of capital markets
advisory services and focused commitment to innovative, small cap
growth companies like SearchCore and the institutions and
individuals that invest in them."
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/.
About SearchCore, Inc.
SearchCore, Inc. is a technology-based Internet marketing
services company that offers customers an integrated suite of
services including media, technology, marketing and
information. Founded in 2010, SearchCore is headquartered in
Newport Beach, California.
The Company's common stock trades on the OTC Market's highest tier,
OTCQX, under the ticker symbol
"SRER." www.SearchCore.com
Safe Harbor Notice
Certain statements contained herein are "forward-looking
statements" (as defined in the Private Securities Litigation Reform
Act of 1995). SearchCore, Inc. cautions that statements made
in this news release constitute forward-looking statements and
makes no guarantee of future performance. Forward-looking
statements are based on estimates and opinions of management at the
time statements are made. These statements may address issues that
involve significant risks, uncertainties, estimates and assumptions
made by management. Actual results could differ materially
from current projections or implied results. SearchCore, Inc.
undertakes no obligation to revise these statements following the
date of this news release.
SOURCE SearchCore, Inc.
