SAN FRANCISCO, Nov. 28, 2012 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), today announced that it was retained as capital markets advisor to Bitzio, Inc. (OTCQB: BTZO). In this capacity, Merriman will advise Bitzio on various matters focused on increasing shareholder value. These matters include the expansion of the institutional shareholder base, aiding in trading liquidity and evaluating an upgrade to NYSE, NASDAQ or OTCQX. 

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"We are very pleased to announce the addition of Bitzio, Inc. to our rapidly expanding universe of advisory clients," commented Douglas Rogers, Managing Director of Merriman's Capital Markets Advisory Group.  "We've been thoroughly impressed by Bitzio management's commitment to delivering shareholder value, through focused growth and rapid expansion of its sports, celebrity and entertainment-driven mobile apps.  We were particularly impressed with their unique fan-based community approach to developing, marketing and monetizing their apps. Bitzio's strategy is a perfect complement to Merriman's approach, and we anticipate that the Capital Markets Advisory Group will deliver excellent results."

"The Bitzio team is very pleased to be working with Merriman Capital.  Finding a firm which is well-versed and effective in helping small cap companies was a top priority. and they are an ideal partner for us.  We have many great things going on at our company, and now Merriman can help us spread our story and the news as we execute of our business model. We are looking forward to working closely with them as we continue to sign new license agreements with celebrities and, more immediately, launch our trivia app jointly with the NFL Players Association," commented Bitzio President & CEO, Peter Henricsson.

About Bitzio, Inc.
Founded in 2011, Bitzio is a leading mobile media and app development company focused on connecting fans of large entertainment and sports properties with the players, celebrities and teams they love. Powering these apps is the Bitzio Engine, which captures valuable user data and drives increased user monetization. What makes Bitzio really different is its approach to capturing users. Most app companies build first and hope the audience will come. Bitzio licenses media rights of sports and entertainment properties with millions of existing fans. Bitzio uses these rights to create mobile apps and web experiences for these existing fan bases. The company aims to be responsible for the download of 1 Billion apps by 2014. For more information, visit www.bitzio.com. To learn more about Bitzio, connect on Twitter and Facebook.

Merriman Capital, Inc. is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. We also provide 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/ContactUs.aspx. 

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, 2012 and the form 10-Q filed on November 14, 2012.  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, 2012 and the form 10-Q filed on November 14, 2012, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on "Investor Relations."

SOURCE Merriman Holdings, Inc.