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Press Release Archive

Meridian Announces Preferred Access to New Equity Fund

News Release – January 15, 2009

Calgary Alberta

Meridian Merchant Capital Canada Ltd. today announced a preferred relationship with a new $40 million equity fund based in Calgary, Marin Capital.  This new source of capital augments Meridian’s existing “right of first refusal” relationship with it’s affiliated fund Trinity Capital Canada LP as well as Meridian’s ongoing relationships with over 100 equity, debt, sub-debt, asset based lenders and other financial institutions.

“We are very excited to further strengthen our network of capital sources with this new agreement with Marin Capital at a time when access to capital is paramount for western Canadian companies due to unprecedented market conditions,” commented Meridian Canada President and CEO Keith Turner.  “Our corporate strategy is growth in 2009 because of market conditions including new geographic locations starting with Edmonton and more clients who seek capital or an exit.  That means more access to capital and this agreement with our friends at Marin is a key part of that equation.”

Marin Capital is focused on acquiring and growing experienced and tested companies and actively managing these investments combining capital and proven executive experience with strength in strategic planning, finance, operations, and sales and marketing.

“Our strategy is to work with tactical investors leveraging resources; both capital and human, to expand existing operations as well as evaluating corporate and asset acquisitions in order to further accelerate growth,” explained Marin Capital President and CEO Paul Poscente.  “The opportunity to work with Meridian Canada clients who are looking to exit, or partially exit their business is exciting for us.  We’ve worked with Meridian on a transaction and we’ve watched with interest the growth of the company over the past three years and are keen to further develop our relationship with Keith Turner, Randy Lennon, and the Meridian team.”

“We are particularly excited about teaming up with Meridian at a time when expansion into Edmonton and other western Canadian cities is in play,” added Poscente.  “Instead of establishing our own presence in places like Vancouver, Kelowna and Edmonton, this relationship widens our geographic footprint.”

Marin’s mission is to maximize returns for investors by building market leading companies that in combination produce a complementary industry platform.  “Our emphasis is long term growth potential and sustainability expecting individual liquidity events in a 3 to 5 year time horizon,” added Poscente.

Although Marin has no particular industry constraints, management and investors have particular interest in companies involved in infrastructure and energy.

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Or contact Randy Lennon at 403-538-2130