(Thomson Reuters ONE via COMTEX) — SAN FRANCISCO -May 12, 2014 – Merriman Capital, Inc. (“Merriman”), a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), is pleased to announce that it has been selected as Capital Markets Advisor to Loton, Corp. (OTCQB: LTNR). Loton recently acquired 50% of KOKO, one of the London’s premier live music venues and multimedia and lifestyle brand. Loton is backed by Trinad Capital, a micro-cap and small-cap activist hedge fund.
KOKO offers a premier program of digital, live shows and TV entertainment to an international audience, often streamed direct from KOKO’s live stages. The Company sees 400,000 music fans annually for performances by some of the top musical artists in the world. The venue is also the home of London Live, the UK’s longest running and internationally syndicated live concert series, which is currently distributed into 300 million TV homes globally in over 70 different countries.
Loton’s acquisition of KOKO will provide an opportunity for KOKO to expand the delivery of high-quality content across mobile devices and digital platforms globally. To date, KOKO has collaborated with several premier global brands including Apple (launching iTunes Festival), Spotify, Diesel, Chanel, MTV, AOL and Virgin Records (40th Anniversary). Loton seeks opportunities that leverage, license and expand the KOKO brand, whether in collaboration with other global companies or on its own. As part of the recent merger, KOKO will bring its other assets and intellectual property including digital, app and TV production into the fold.
Merriman will provide Loton’s management team with advice on strategies to grow the Company’s long term institutional shareholder base. Merriman Capital Markets Advisory Group clients benefit from corporate brokerage services, access to unique capital solutions, and a range of related initiatives intended to help executives accomplish their capital markets initiatives.
“We are pleased to announce the addition of Loton and the KOKO brand to our family of Capital Markets Advisory clients,” commented Douglas Rogers, Managing Director and Head of the Capital Markets Advisory Group at Merriman. Mr. Rogers continued, “Loton is creating a paradigm shift in the delivery of live streaming music to a global fan base with its recent fifty percent acquisition of KOKO. The Company has an experienced team led by Chairman Robert Ellin and and recently appointed founder of KOKO, Oliver Bengough as CEO, who brings a tremendous operational track record managing media and entertainment brands.”
About Merriman Capital, Inc.
Merriman Capital, Inc. is a full service investment bank and Broker-Dealer that facilitates efficient capital formation through a proprietary digital network, as well as 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 the leading advisory firm for publicly traded, high-growth companies.
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About Loton Corp.
Loton, Corp. acquired a fifty percent interest in KOKO, a premier multimedia and lifestyle brand and one of London’s iconic live music venues. The company has a commitment to acquire the remaining 50% of KOKO and expects for this transaction to be completed shortly. KOKO is internationally renowned for delivering over 250 live music events per annum for the past ten years. Loton is backed by Trinad Capital, a micro-cap and small-cap activist hedge fund based in Los Angeles, California. The fund is led by Robert Ellin, a seasoned portfolio manager with 25 years of investment experience. Mr. Ellin spearheaded investments in several publicly traded companies including ThQ, Grand Toys, Forward Industries (FORD), Majesco Entertainment (COOL), Command Security (MOC), Mandalay Digital Group (MNDL), iVillage (IVIL), Points International (PCOM), as well as private companies including iWon.com and SS industries. Stella Capital Advisors provided advisory services to KOKO’s shareholders on this transaction.
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 March 31, 2014. 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 March 31, 2014, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on “Investor Relations.”