SCOTTSDALE, Ariz., Dec. 7, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON), the market leader in providing boutique investment banking services to private mid cap companies:
Due to the numerous offers made to purchase or merge with our firm, Mellon Research will raise the minimum offer to sell the firm at .10 cents per share. No further details regarding an increase in the purchase price of our firm will be provided. Mellon Research is announcing our interest in securing the Kidder, Peabody name from UBS/Paine Webber with a consortium of former Kidder, Peabody employees and money management firms.
"I intend to plead our case directly to the shareholders of UBS/PaineWebber through the Wall Street Journal and at the annual shareholders meeting to convince the shareholders this is a prudent and profitable tender offer," claims Mario Pino, CEO of Mellon Research.
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 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.