PHOENIX, March 4, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON) (the "company") announced today they will be signing and finalizing the contracts for the project in China that will allow the largest construction company in China to build the largest toll road in the country. Mellon will be putting up US$500,000,000 of assets with their partner Sampaio y Sampaio S.L. to complete the transaction. The client funding bank will be one of the largest banks in Beijing, China Everbright Bank. Also involved in the deal will be the prestigious law firm of Mr. Stanley P. Salzman P.C., Friesner & Salzman, LLP and their escrow bank, Citibank of Beijing, China. This will be one of the largest transactions to date for Mellon Research, Inc. and will be completed in the next 30 days, which will result in the addition of US$10,000,000 to their balance sheet.
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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