Merriman Capital Initiates Research Coverage on SearchCore, Inc. with a Speculative Buy Rating and a $0.37 Price Target
(Thomson Reuters ONE) -
SAN FRANCISCO - August 1, 2013 - Merriman Capital, Inc., a wholly-owned
subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), initiated coverage of
SearchCore, Inc. (OTCQX: SRER) with a Speculative Buy rating and a $0.37 price
target.
SearchCore, Inc. is a technology-based Internet marketing services company that
offers customers an integrated suite of services including media, technology,
marketing and information. SearchCore provides customized "finder" sites for
various niche industries. The company's platform increases consumer awareness
for businesses listed within its platform while creating an online meeting place
for like-minded individuals. Each finder site represents a niche market vertical
where advertisers can promote themselves to focused online visitors with rich
media and high impact digital tools.
SearchCore successfully operated a profitable finder site dedicated to
alternative medicine since its inception in 2010. The Company's original finder
site delivered over $15.0 million in revenue in 2012. SearchCore sold this site
in FY2012 for $12.0 million, and expects to replicate its business model across
a number of new verticals and website channels, including Tattoo.com,
Manufacturedhomes.com, Karate.com, Rodeo.com and others to come. Much of the
effort to develop that online experience was codified by the SearchCore founders
into a proprietary rubric or roadmap for creating other hyper-local finder
sites.
SearchCore intends to demonstrate that it can replicate its formula by
developing successful, theme-based social sites for new genres. Sites launched
or planned for upcoming launch include the body art community (i.e., Tattoos),
manufactured homes, karate studios, modular homes, and others.
Founded in 2010, The Company's common stock trades on the OTC Market's OTCQX,
under the ticker symbol "SRER." www.SearchCore.com
CLICK HERE FOR FULL REPORT
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/.
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, 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 "Investor Relations."
At the Company:
Joel Achramowicz
Managing Director
Equity Research
(415) 568-3926
Adriana Piltz
Director of Research
Merriman Capital, Inc.
(646) 292-1424
For Disclosures please see full report in the link above.
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#1720748]
Unternehmensinformation / Kurzprofil:
Datum: 01.08.2013 - 20:54 Uhr
Sprache: Deutsch
News-ID 284211
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contact information:
Town:
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Kategorie:
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