SCOTTSDALE, Ariz., Aug. 16, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON), the market leader in providing boutique investment banking services to private mid cap companies and offshore firms announced today that it is merging the Company with another investment banking firm, Wall Street Securities, LLC that provides the same financial services as Mellon Research, Inc. The Company's intent is to increase shareholder value with this merger by offering one share in Wall Street Securities for any shares held in Mellon Research, Inc. as a dividend. Mellon Research will be strategically repositioned as Club XTreme(TM) which will blend a real world club that will be opening later this fall in Scottsdale, AZ, that will combine offline and online entertainment.
Club XTreme intends to become the hottest place on the web to go to offer "interactive entertainment feeds" comprising streaming webcasts on a 24/7/365 basis of the hot action occurring inside the club to a global viewing audience that will access the Club XTreme web site utilizing the Company's proprietary "XTreme Reach Out Stations." The Company is revolutionizing the bar/club scene and the entertainment industry in a similar way that CNN caused a transformation in the staid news industry -- we are using the web's global reach to build a global community that will clamor to interact with our red hot club goers using immersive video capabilities throughout all of our Club XTreme properties.
"You can pick many publication, including the recent Time magazine cover article published earlier this month that talked about how red hot Las Vegas is now, especially for the most coveted demographic market by advertisers, 18-35 year olds who have discretionary funds to spend on entertainment," said Mario Pino, CEO of Mellon Research, Inc. "Club XTreme is pushing the Las Vegas entertainment envelope" further by combining a red hot "destination" for the young/affluent/beautiful people at our first Club XTreme location in Scottsdale Arizona that is totally optimized for video viewing and interactive controls via the internet via our proprietary "XTreme Reach Out Stations" -- these technology stations will enable our club goers to vamp, preen, tease, talk to and interact with a vast global audience of web viewers who want to get in on the action and/or stir it up with requests for poses or what we call "virtual video grabs."
"Club XTreme will feature an audience comprised of a select group of the young and restless generation -- attendance will be by invitation only, augmented with a doorman checking all who enter to make sure they are sufficiently hot to crank up the atmosphere inside the club and that they will participate in and project well through our 30-50 interactive cameras which will be strategically placed in virtually every location in the club including our uni-sex bathrooms."
"Our Scottsdale locations is the first in a series of clubs around the world in all major countries that blend red hot demographics for club attendance with a focus on our proprietary "XTreme Reach Out Stations" that enable club goers to interact with "web club attendees" by combining streaming telephone and chat technology. There is much more to the model in terms of some unique ways that we intend to generate revenue -- stay tuned for our next release coming out in the next two weeks that will flesh out our exciting business model."
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.