TUALATIN, Ore. -- CUI Global, Inc. (OTCBB:CUGI), a platform company dedicated to the acquisition, development, and commercialization of new, innovative technologies, has engaged Merriman Capital, Inc. (NASDAQ: MERR) to lead its investment banking strategy and assist the company in up-listing to a national exchange.
"As I've discussed in previous releases, CUI Global and its subsidiaries have now arrived at a pivotal stage in our development, making it even more important for a team of experienced professionals like Merriman Capital to help us get to the next level," said William Clough, president and CEO of CUI Global.
Having achieved a number of significant milestones in the last few months, CUI Global has reached the point wherein it is able to better leverage these accomplishment into greater shareholder value. The company recognizes that a key element in this process includes broadening its investor base and dramatically increasing its exposure to larger financial markets.
"The retention of this nationally-recognized investment banking firm, coupled with our recent engagement of the Liolios Group, completes the team necessary to allow the company and its shareholders to step up to a national exchange like the Nasdaq or NYSE-Amex," said Clough.
"With release of our Solus[TM] Topology and the traction we are gaining with our Vergence (GasPT2) device, we anticipate continued revenue growth from our existing product offering as well as from the introduction and commercialization of new and proprietary technologies. With this continued growth, we believe it is time to move CUI Global onto a broader, national platform and further our mission of enhancing shareholder value," Clough continued.
Merriman Capital brings to CUI Global a financial services firm focused on fast growing companies and the institutions who invest in them. Merriman Capital offers high-quality investment banking, equity research, institutional services, primary market research, M&A consultation, and other services.
"We continue to believe that a move to a national exchange will allow our shareholders to more easily benefit from our recent and future accomplishments," concluded Clough.
About Merriman Capital, Inc.
Merriman Capital, Inc. is a full-service investment banking firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc., which is listed on the NASDAQ Stock Market and trades under the symbol "MERR."
Merriman specializes in four growth sector industries: Technology, Telecom, Consumer, Media & Internet and CleanTech Infrastructure. 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/contact.cfm.
About CUI Global, Inc.
CUI Global is a publicly traded platform company dedicated to maximizing shareholder value through the acquisition and development of innovative companies and technologies. From its GasPT2 platform targeting the energy sector, to its subsidiary CUI Inc.'s industry leading digital power platform targeting the networking and telecom industries, CUI Global has built a diversified portfolio of industry leading technologies that touch many markets. As a publicly traded company, shareholders are able to participate in the opportunities, revenues, and profits generated by the products, technologies, and market channels of CUI Global and its subsidiaries. CUI Global prides itself on operating with the same level of integrity, respect, and philanthropic dedication that was put in place by CUI Inc.'s founder more than 20 years ago. It is these values that allow the company to make a difference in the lives of their customers, their community, their employees, and their investors. Recently, a move was made to merge and streamline resources with its subsidiary CUI Inc. in order to create a unified, international brand that now positions CUI Global for further strategic expansion.
For more information, please visit www.cuiglobal.com and www.cui.com.
Important Cautions Regarding Forward Looking Statements
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the company has filed with the Securities and Exchange Commission.
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