SCOTTSDALE, Ariz., Aug. 23, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON) the market leader in providing boutique investment banking services to private mid cap companies and offshore firms announced today that the recent restructuring processes are moving forward and that it realizes the importance of clarifying the company's marketing and business development strategy as it moves forward the next few weeks and months. This "update" is the first of 3-5 that will be released in the next 2-3 weeks that will help to clarify the company's evolving processes and focus.
"Investors and the general public need to realize that we are simply shifting our services from Mellon Research, Inc. to Wall Street Securities, Inc. and adding significant value to our shareholders stock portfolio by including shares in Club XTreme for Mellon's stockholders. We want to underscore that our boutique investment banking business focus will remain the same and we are continuing to invest on the business and bringing aboard new clients," said Mario Pino, CEO of Mellon Research, Inc.
"We are launching a physical club branded as Club XTreme, Ltd.(tm) later in Q-4 of this calendar year that will incorporate a dynamic 'virtual online club' that will enable us to leverage the Internet's in-place pipeline for sharing and shaping video and audio content. The physical club will operate like a traditional club, but will be wired for video/audio broadcasting that will be interactive -- this digital content will be viewable by hundreds of thousands of 'virtual club attendees online,' but the content will not be adult in nature. It will be cutting edge, exciting and enable people to talk virtually and share digital information. The intent is not to start a adult oriented web site but to attract a crowd of people online that are in the 18-35 year old age bracket that are seeking new forms of online entertainment and interaction."
About Mellon Research, Inc.
Founded in the fall of 2003 by Mario Pino, Mellon Research provides comprehensive boutique investment banking consulting services to enable private companies to raise capital via: IPOs, Reverse Mergers, Bridge Capital and or other financial vehicles. Mellon Research is the only multi-national boutique financial services firm that is offering client companies with a structured funding process built around its Financial Prep(tm) services. These services provide client firms with a methodology that helps them analyze existing corporate structure, financial and marketing needs to help them make the right strategic choices necessary to raise capital or go public. For more information please contact Mario Pino, CEO, 602.912.5870, 2415 E. Camelback Road, Suite 700, Phoenix, AZ 85016, mellonresearch@aol.com, www.mellonresearch.com
This release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company's current views with respect to future events that involve risks and uncertainties including uncertainties related to successful negotiations with other parties, closing of transactions, capital availability, operational and other risks, uncertainties and factors described from time to time in the company's publicly available SEC reports. In light of these risks and uncertainties, the forward-looking events described in this release might not occur.