SCOTTSDALE, Ariz., Nov. 19, 2004 (PRIMEZONE) -- Wall Street Securities, Inc. (Pink Sheets:WLSC) (Pink Sheets:MLON), the market leader in providing boutique investment banking services to private mid cap companies, is announcing that it has brought aboard three new clients that will generate a minimum of $600K in revenue by close of Q-12005.
"We have been actively recruiting a team of key executives during the past few months so that we have the management breadth and depth to aggressively grow our company. To that end, we have just brought aboard an executive, Randy Sawyer, with close to four years of experience with the investor relations side of the business," said Mario Pino, CEO of Mellon Research, Inc. "Randy is tasked with growing our investor relations business threefold within the next 1-2 quarters and to recruit and manage six additional employees, who will be focused solely on growing our investor relations business."
"We are pleased to announce that Randy has in fact closed three deals recently, with a projected income of $250K, which should be accrued by the end of Q-1 in 2005. These are quality clients and all are public via the NASDAQ and have growing businesses in diverse market segments."
"Also the dividend should be posting to the account of the accounts of the active shares holder of record Oct 21-2004," Pino concluded.
About Wall Street Securities, Inc.
Wall Street Securities 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. Wall Street Securities 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.wallstsecurities.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.