SANTA MONICA, Calif., Jan. 3, 2013 /PRNewswire/ -- INVENT Ventures, Inc. IDEA, a seed-stage venture fund and technology incubator, today announced that it has signed an engagement agreement with Merriman Capital, Inc. and Financial Entrepreneur Platform member Core Equity Group LLC to raise growth financing for INVENT. The raise will be managed by venture banker Jon Buttles, Managing Partner of Core Equity Group LLC.
Bryce Knight, CEO of INVENT, said, "We are thrilled to engage with Core Equity Group LLC and Jon Buttles to manage our growth financing. We are confident that this partnership will accelerate our development of transformative companies and create value for INVENT, our portfolio companies and our investors."
About INVENT Ventures, Inc.
INVENT Ventures Inc. IDEA is a publicly traded venture fund that builds and invests in transformative technology businesses. INVENT primarily operates in markets of digital media, consumer internet, and social networking, and has built six companies at various stages of development. INVENT is headquartered in Santa Monica, California in the renowned Silicon Beach area. For more information on INVENT, visit www.invent.vc.
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 Merriman Capital, Inc. Financial Entrepreneur Program provides infrastructure and support and for independent financial professionals. Merriman also provides capital raising, advisory and M&A services.
Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. 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.
Cautionary Language Regarding Forward Looking Statements This release and any attachments contain forward-looking statements within the meaning of the "safe harbor" provisions of the Federal securities laws, including Section 21E of the Securities Exchange Act of 1934, that involve risks and uncertainties. Words such as "will," "believe," "intend," "potential" and similar expressions are intended to identify forward-looking statements. These forward-looking statements include the quotations from management in this press release, as well as any statements regarding the Company's anticipated financial results and strategic and operational plans. The Company's actual results may differ materially from those anticipated in these forward-looking statements. Factors that may contribute to such differences include, but are not limited to: the Company's ability to deliver an adequate rate of growth and manage such growth; the impact of changes in government regulation and industry standards; the Company's ability to maintain and increase the number of visitors to its websites; the Company's ability to identify and manage acquisitions; the impact of the current economic climate on the Company's business; the Company's ability to attract and retain qualified executives and employees; the Company's ability to compete effectively against others in the online marketing and media industry; the impact and costs of any failure by the Company to comply with government regulations and industry standards; and costs associated with defending intellectual property infringement and other claims. More information about potential factors that could affect the Company's business and financial results is contained in the Company's latest annual report. These forward looking statements are made as of today's date and, except as otherwise required by law, the Company does not intend and undertakes no duty to release publicly any updates or revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof.
SOURCE INVENT Ventures, Inc.
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