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Merriman Capital Initiates Research Coverage on SearchCore, Inc. with a Speculative Buy Rating and a $0.37 Price Target


August 1, 2013 - London

 

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.

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(i) the releases contained herein are protected by copyright and other applicable laws; and
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information contained therein.

Source: Merriman Holdings Inc. via Thomson Reuters ONE

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