Mellon Research Inc. Announces Major Bridge Funding Contract for New Client in Athens, Greece


PHOENIX, May 5, 2004 (PRIMEZONE) -- Mellon Research Inc. (OTCBB:MLON), the market leader in providing boutique investment banking services to private mid cap companies and offshore firms, today announced that it has successfully setup a bridge funding loan for $120 million for a new client that has been collateralized by $300 million in fixed real estate assets. The new client is a major construction firm that is working on several major projects that must be completed in time for the upcoming Summer Olympics, which are being held in Athens Greece.

"We were approached by an offshore client in Greece that needed $120 million USD in bridge funding immediately so that they could complete a major construction project in Athens in time for the upcoming Summer Olympics. Extensive consultations with the company management led to better understanding of what their financial needs were and helped us analyze their existing real estate portfolio (assets) while assembling a financial package for them within a short timeframe," said Mario Pino, CEO of Mellon Research Inc.

"We then leveraged our existing contracts with the Credit Suisse Group in Switzerland and Deutsche Bank in Germany to put together a financial package that met our client's needs. This is a major contract for Mellon Research and should generate fees of $400,000 up to $1.6 million as we move forward through the contractual period."

About Mellon Research Inc.

Founded in the fall of 2003 by Pino, Mellon Research provides comprehensive boutique investment banking consulting services to enable private companies to raise capital via IPO's, 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.

More information is available by contacting Mario Pino by phone at 602.912.5870, at 2415 E. Camelback Road, Suite 700, Phoenix, AZ 85016, or emailing him at mellonresearch@aol.com. More information about Mellon Research is available at http://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.


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