PHOENIX, March 17, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON) (the "Company") will be marketing this week for larger sized investors to raise seed capital to perform funding for a bridge loan in Mexico.
The client has $200 Million USD in real estate in Cabo San Lucas, Mexico. A bridge loan is needed in order to develop the first phase of the Luxury Home division, on acre lots, 30 Miles from Cabo Central, on the ocean, targeting primarily American and Canadian investors that would like to have a beach home in Mexico. Here a buyer will find great weather and the lowest prices for beach front property. The buyer may also take title to property under a trust, by the hereditary rights to title through a trust, back to the family in USA. This great deal and concept is taking off because of location proximity to the USA and most of all its time has come. The client is seeking approximately $5 Million USD for R&D, MLON will take a first charge on the real estate.
Additionally, Mellon Research, Inc. will no longer be working with DealFlo Advisors. As of Friday, March 12, 2004 DealFlo Advisors resigned from their working relationship with Mellon.
The deal for the Toll Road Project in Beijing was terminated by Mellon Research Inc.
About Mellon Research, Inc.
Mellon Research, Inc. is a statistical research company which specializes in finding strong emerging companies in China and provides a vehicle for them to go public in the United States. The company's offerings include consulting for project funding and asset management, issuing collateral from top world banks and bridge loans.
Recognized by customers are "MLON" and related Mellon-branded subsidiaries. The company has approximately 200 associates actively working with us worldwide and acquired assets of $120 million for its most recent fiscal year, which ended Dec. 31, 2003. For more information about Mellon Research, Inc., call 602.912.5860 in the United States or visit www.mellonresearch.com.
This news release contains information that is "forward-looking" in that it describes events and conditions, which Mellon Research, Inc. ("MLON") reasonably expects to occur in the future. Expectations for the future performance of the business of MLON are dependent upon a number of factors, and there can be no assurance that MLON will achieve the results as contemplated herein and there can be no assurance that MLON will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. MLON disclaims any obligation to update any forward-looking statement made herein.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Mellon Enterprises, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the company's Annual Report or Form 10-K for the most recently ended fiscal year.
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