SCOTTSDALE, Ariz., Sept. 23, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON) the market leader in providing boutique investment banking services to private mid cap companies is announcing an increase in it's stock dividend and a contract signing with a new client that will be formally announced next week.
"We are increasing our dividend for our shareholders from 1,000 for 1 to 100 for 1 meaning for each 100 shares that stockholders own in Mellon Research, Inc., we will be giving them one share in Wall Street Securities," said Mario Pino, CEO of Mellon Research, Inc. "This is a substantial increase from our previously announced dividend of 1,000 for 1. We are increasing this amount as we want to thank our investors to date for their continued support of our company and ensure that they have the ability to own shares in multiple companies, enabling them to diversify their investment portfolios."
"We are also notifying Nasdaq of the dividend and we anticipate their announcing this via a press release in the next 7-14 days. We are planning on mailing out the dividends to all registered shareholders on or about October 16, 2004."
"We are continuing to move forward with our business development processes and have signed a contract with a new client that we are taking public and we will announce this next week. We are also in substantive discussions with 2-3 new clients and anticipate announcing finalizing contracts with these clients in mid to late October."
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.