SCOTTSDALE, Ariz., July 7, 2005 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON) announced today that it has changed its name to MLON International Ventures, Inc. Its trading symbol on the Pink Sheets remains the same.
The Company also announced that its President, Mario Pino, has resigned and that Alejandro Cerda has been appointed President. Mr. Cerda, age 33, is a Mexican citizen residing in Mexico City. Since 2001 he has provided financial advisory services to individuals and organizations through his own firm. From 1997 to 2001 he was Director of Operations for Market Metrics Consulting, where he focused on international operations, market analysis, treasury and administration. From 1992 to 1997 he was a market consultant and trader with Alexmuir Management UK Ltd. And from 1990 through 1992 he was a telemarketing supervisor and involved with credit analysis for Citigroup. The appointment of Mr. Cerda reflects the Company intention to explore business and real estate opportunities in Mexico. Mr. Pino intends to continue to provide consulting services to MLON International, as well as other entities.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based largely on MLON International Ventures expectations or forecasts of future events, can be affected by inaccurate assumptions and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the Company control. Therefore, actual results could differ materially from the forward-looking statements contained herein. A wide variety of factors could cause or contribute to such differences and could adversely impact its business plan, ability to generate revenues, margins, profitability, cash flows and raise required capital.