SCOTTSDALE, Ariz., June 29, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON) announced today that it is has signed a contract with Kinghero Fashion (Xiamen) Company Limited., a privately held specialty manufacturer of men's apparel located in Xiamen China to take the company public via the US OTC markets within 4-6 weeks. Kinghero Fashion (Xiamen) Company Limited. is privately held, generating $3M in revenue per annum, with over 330 employees and it is currently exporting a men's apparel line to European and Russian consumers. Kinghero Fashion (Xiamen) Company Limited. intends to utilize the OTC markets to go public and raise $3-5M USD. which will be used to increase size of the company's manufacturing facilities, hire more employees and create and develop an aggressive marketing program to sell its clothing lines directly to North American consumers via the company's e-commerce enabled web site.
"This is a great deal for Mellon Research, Inc. and our client, Kinghero Fashion (Xiamen) Company Limited," said Mario Pino, CEO of Mellon Research, Inc. "We intend to take Kinghero Fashion (Xiamen) Company Limited. public within the next 4-8 weeks via the OTC market and will also retain a 20% equity participation in the company as part of our contract. King Hero is well positioned for growth, they have 330 employees and were established in 1987 and most importantly, they have a strong referenceable base of consumers throughout Europe and Russian who have purchased their suits, jackets, bags and accessories. We intend to work closely with them after their public offering to help them develop an effective `go to market' marketing strategy which will enable them to penetrate the North American markets with their comprehensive clothing line of men's apparel products."
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.