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2014-05-06

Merriman Holdings Inc.: Merriman Capital Initiates on hopTo, Inc. with a Buy Rating

SAN FRANCISCO - May 6, 2014 -
Merriman Capital, Inc. ("Merriman"), a wholly owned subsidiary of Merriman
Holdings, Inc. (OTCQX: MERR), announced that it has initiated equity research
coverage of hopTo, Inc. (OTCQB: HPTO) with a Buy rating and a $0.40 price
target.

hopTo is the developer of the most comprehensive mobile productivity workspace
for the iPad. Users can access, create, edit and share Microsoft Office files
(Word® documents, Excel® spreadsheets and PowerPoint® presentations) within
cloud storage services like Box, Dropbox, Google Drive, OneDrive, and Egnyte.
Additionally, the company announced the development of a new product
offering, hopTo Work, earlier this year. hopTo Work is a platform that will
address the mobile access challenges that modern businesses face in the
post-PC era: a secure, device-agnostic (supporting iOS and Android running on
both tablets and smartphones), bring-your-own-device (BYOD) solution that
provides secure and flexible file access, multi-tasking, secure email, and
more. hopTo Work will provide SMB and Enterprise users with greater
flexibility when it comes to data storage, multi-tasking, IT security,
compliance and auditing requirements and the need to curb document sprawl.

hopTo offers its users a variety of features and functions not found in other
apps. The app is currently available for the iPad and is free on Apple's App
Store. To date, hopTo has received over 400,000 downloads on the iPad and
Merriman expects the aggregate user case to approach one million by year-end
2014. With a large user base, Merriman estimates that the company will
generate $10.5 million in 2015.

The Company started as GraphOn Corporation in 1999, specializing in enterprise
software for server-based computing, which enabled centralized management and
remote access of applications. 2011 was focused on web-enabling applications
for multiple computer operating systems, including Windows, UNIX and several
Linux-based variants. These applications were sold largely via an OEM model
for use or resale to independent software vendors (ISVs) and enterprises. For
the better part of 15 years, the firm's revenue base has been stable in the
high-single-digit ($ millions) range. In 2012, Eldad Eilam was named CEO and
the Company pivoted to developing productivity software for mobile devices.
The Company changed its name to hopTo in 2013 and unveiled its first
commercial version of the hopTo app on Apple's App Store. On March 11, 2014
the company announced hopTo Work, an enterprise version of its productivity
application, offering a secure mobile productivity platform to enterprises
and small businesses.

CLICK HERE FOR FULL REPORT

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, 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 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."
# # #

At Merriman:

Adriana Piltz
Director of Research
Merriman Capital, Inc.
(646) 292-1424

Brian Murphy
Managing Director
Equity Research
(646) 292-1411

Howard Bernstein
Chief Compliance Officer
Merriman Capital, Inc.
(415) 262-1377

For Disclosures please see full report in the link above.

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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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