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Merriman Capital Increases Price Target To $10 FROM $8.25 On Mandalay Digital

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SAN FRANCISCO - March 27, 2014 - Merriman Capital, Inc., a wholly-owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), announced today that it has increased its price target on Mandalay Digital Group (NASDAQ: MNDL) from $8.25 to $10.

Mandalay Digital Group, Inc., through its wholly owned subsidiary, Digital Turbine, provides mobile technology solutions for wireless carriers. The company delivers a mobile services platform that works with mobile operators and third-party publishers to provide portal management, user interface, content development, and billing technology, which enables the distribution of mobile entertainment. Its products include mobile application management through DT Ignite, user experience and discovery through DT IQ, application stores and content through DT Marketplace, and content management and mobile payments through DT Pay. The company serves mobile operators, end consumers, and original equipment manufacturers of mobile devices and tablets. The company was formerly known as NeuMedia, Inc. and changed its name to Mandalay Digital Group, Inc. in February 2012. Mandalay Digital Group, Inc. was incorporated in 1998 and is headquartered in Los Angeles, California.

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Merriman Capital, Inc. is a full service investment bank and Broker-Dealer that facilitates efficient capital formation through a proprietary digital network, and offers Capital Markets Advisory and comprehensive Corporate Brokerage services for public and private companies. The firm also provides equity and options execution services for sophisticated investors and differentiated research for high growth companies. Merriman Capital, Inc. is a wholly owned brokerage subsidiary of Merriman Holdings, Inc. (OTCQX: MERR) and is a leading advisory firm for publicly traded, high-growth companies.

Digital Capital Network, powered by Merriman Capital, is a capital marketplace that enables highly targeted and more efficient execution of transactions. Please visit our website for more information on how you can be a part of our Digital Capital Network: http://www.digitalcapitalnetwork.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 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 filed on April 1, 2013 and the Form 10-Q filed on November 14, 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 filed on April 1, 2013 and the Form 10-Q filed on November 14, 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:

Andrew D'Silva
Research Analyst
Equity Research
(415) 568-3927

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 NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Merriman Holdings Inc. via Globenewswire

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