Merriman Curhan Ford Acted as Sole Placement Agent in Procera Networks' $7.2 Million Registered Direct Offering
10 March 2010 - 1:05AM
PR Newswire (US)
SAN FRANCISCO, March 9 /PRNewswire-FirstCall/ -- Merriman Curhan
Ford acted as sole placement agent in Procera Networks Inc.'s $7.2
million registered direct offering of 18 million shares of common
stock to certain institutional investors. The transaction was
completed on March 4, 2010. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090911/MCFLOGO) "In this
tough market for small cap financings, the team at Merriman did a
great job finding long term institutional holders for our stock,
positioning us for continued growth in 2010," said James Brear,
Chief Executive Officer of Procera Networks. The pricing of the
offering was announced on March 2, 2010 by Procera Networks.
Details on the transaction can be found at Procera Networks' Web
site: http://www.proceranetworks.com/. About Procera Networks
Procera Networks Inc. delivers Evolved DPI solutions that give
service providers awareness, control and protection of their
applications and networks. Its core product suite, the PacketLogic
line of platforms, leverages the company's advanced identification
engine, DRDL (Datastream Recognition Definition Language), to
provide accurate identification of network traffic in real-time.
PacketLogic is deployed at more than 600 broadband service
providers, telcos, governments and higher education campuses
worldwide. Founded in 2002, Procera is based in Silicon Valley and
has offices around the globe. About Merriman Curhan Ford Merriman
Curhan Ford is a financial services firm focused on fast-growing
companies and the institutions that invest in them. The company
offers high-quality investment banking, equity research,
institutional services and corporate & venture services, and
specializes in five growth industry sectors: CleanTech, Consumer,
Media & Internet, Health Care, Natural Resources and
Technology. For more information, please go to
http://www.mcfco.com/. 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, 2009 and our Form
10-Q filed on November 16, 2009. 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," "will," 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, 2009 and Forms 10-Q filed on May 15, August 11, and
November 16, 2009, together with this press release and the
financial information contained herein, is available on our website
by going to http://www.mcfco.com/ and clicking on "Investor
Relations." DATASOURCE: Merriman Curhan Ford CONTACT: Henry Tang,
Chief Financial Officer of Merriman Curhan Ford &Co.,
+1-415-262-1353 Web Site:
http://www.proceranetworks.com/http://www.mcfco.com/
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