MCF Corporation Announces Financial Results for the First Quarter Ended March 31, 2008

Business Wire,  May 6, 2008  

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SAN FRANCISCO -- MCF Corporation (NASDAQ:MERR) today released earnings for the first quarter 2008.

First Quarter Financial Highlights

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(1) Total recurring revenue includes revenues from Panel Intelligence, LLC; MCF Asset Management, LLC; Institutional Cash Distributors (ICD); OTCQX Advisory Group; and Capital Access Group.

"The first quarter of 2008 was one of the toughest periods I've seen," said Jon Merriman, chief executive officer of MCF Corporation. "While we posted a loss this quarter, our balance sheet remains strong and has grown substantially over the past 12 months. I am pleased that Panel Intelligence is hitting its stride and ICD was very strong - both added significantly to our quarterly revenue for the first time. We lost money in principal transactions primarily due to unrealized losses in proprietary trading positions, even though we took significant chips off the table last year. An important bright spot for us was our growth in recurring revenues, which continue to be a crucial focus for us. As difficult as last quarter was, we remain well positioned to be opportunistic in this environment and make our platform more consistently profitable."

Conference Call for the First Quarter 2008 Results

In conjunction with this announcement, MCF Corporation will host a discussion of the Company's first quarter 2008 results with investors and financial analysts on Wednesday, May 7, 2008 at 8 AM (PT) / 11 AM (ET). Interested listeners and participants may access the live conference call by dialing (800) 218-0713 or may access the live Web broadcast at the Company's Web site, www.mcfco.com. An archived version of the discussion will be available on the Company's Web site following the conclusion of the live conference call.

About MCF Corporation

MCF Corporation (NASDAQ:MERR) is a financial services holding company that provides investment research, capital markets services, corporate and venture services, investment banking, asset management and primary research through its operating subsidiaries, Merriman Curhan Ford & Co., MCF Asset Management, LLC and Panel Intelligence, LLC. MCF is focused on providing a full range of specialized and integrated services to institutional investors and corporate clients.

Note to Investors

This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. 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-Q filed on May 6, 2008. 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-Q filed on May 6, 2008, together with this press release and the financial information contained herein, is available on our website by going to www.mcfco.com and clicking on "Investor Relations."

This release is for information purposes only and should not be regarded as an offer to sell or solicitation to buy the securities or other instruments of the companies mentioned.

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