PHOENIX, March 5, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON)(the "Company") announced today that their authorized shares of common stock have increased in price by 50 percent. The Company recently performed a 200 to 1 forward split, which resulted in the share price being driven down to 2 cents. Within the past week, the stock has gained value due to activity and is currently trading at 4 cents per share.
Mellon has retained the services of DealFlo Advisors LLC in order to create momentum and rally the stock up to the greatest value for its shareholders and the Company. The company has planned a preliminary raise of $10,000,000 USD initially. The planned use for funds raised is to provide short term bridge loans and asset management.
About Mellon Research, Inc.
Mellon Research, Inc. is a statistical research company, which specializes in finding strong emerging companies in China and providing a vehicle for them to go public in the United States. The Company's offerings include consulting for project funding, asset management and issuing collateral from top world banks and bridge loans. Recognized by customers is "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. 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 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. CONTACT: Mellon Research, Inc., Phoenix H. Katsaros, Secretary 602-912-5860 hollyleeaz@aol.com SOURCE: Mellon Research, Inc.
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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