SCOTTSDALE, Ariz., June 28, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON) announced today that it is completing final due diligence and negotiations processes for new financial services clients in Turkey, China and Greece that should add significant revenue to the company's bottom line in the next 90 to 120 days.
"These deals have elongated business cycles, are very complex and require sophisticated due diligence processes for all parties involved in the back-end financial transactions," said Mario Pino, CEO of Mellon Research, Inc. "We've done a great deal of work on the front end to initiate discussions with these clients, define the parameters for the financial transaction, collateralize the funding with the proper type and amount of securities and then assist our partners in final due diligence. Also, each individual contract requires knowledge of and the ability to leverage country-specific financial rules and regulations and we have been patiently working through these issues to move the contracts forward to the next stage. We anticipate closing these deals within the next 90-120 days (third quarter) and at that time will be able to report the exact amounts of revenue that each of these deals will contribute to our bottom line."
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: 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. 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.