Merriman Capital Retained as Capital Markets Advisor to Innovaro, Inc.

SAN FRANCISCO, Jan. 12, 2012/PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of (OTCQX: MERR), announced today that it was retained by Innovaro, Inc. (AMEX: INV) as capital markets advisor. In this capacity, Merriman Capital will advise on all matters related to increasing shareholder value and expanding Innovaro's shareholder base. Innovaro will present at Merriman Capital's Investor Summit, to be held in New York Cityon February 1, 2012.

About Innovaro, Inc.

Innovaro is The Innovation Solutions Company. The focus of Innovaro's business is to help clients innovate and grow. Innovaro offers a comprehensive set of services and software to assure the success of any innovation project, regardless of the size or intent. The Company's unique combination of consulting services provide innovation expertise, its LaunchPad software product provides an integrated innovation environment, and its Intelligence and Insights services provide businesses the information to support and drive success. Innovaro works with companies such as Abbott Laboratories, Bristol-Myers Squibb, The Walt Disney Company, LM Ericsson, Visa Inc., and Whirlpool Corporation. For more information about Innovaro.

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. We also provide capital raising, advisory, and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of .

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 28, 2011and our Form 10-Q filed on November 14, 2011. 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 28, 2011and 10-Q filed on November 14, 2011, together with this press release and the financial information contained herein, are available on our website, . Please click on "Investor Relations."

SOURCE

CONTACT: Jack Thrift, Chief Financial Officer of Merriman Capital, Inc, [phone], or Howard Bernstein, Chief Compliance Officer of Merriman Capital, Inc, [phone]