SCOTTSDALE, Ariz., Sept. 29, 2004 (PRIMEZONE) -- Mellon Research, Inc. (OTCBB:MLON), the market leader in providing boutique investment banking services to private mid-cap companies, is announcing today that it is moving forward with its diversification plans for its new subsidiary, Club XTReme Entertainment, Inc.
"We are breaking new ground by integrating an entertainment portal ("Club XTReme") with our online gambling casino as previously announced," said Mario Pino, CEO of Mellon Research, Inc. "The online entertainment and gambling portal will have three primary revenue streams comprising Online Gambling, Sports Betting and Online Advertising for our Club XTReme "virtual viewers" who will be accessing our entertainment portal from the far reaches of the globe."
"We intend to bring in hot DJs and VJs from around the globe to host different events as well as regular programming which we will broadcast over the Internet. Our music focus will be very diversified and will encompass Rap, Techno, Pop Music, New Age and Fusion Jazz. We will make video streams that will be fed via different stations within our physical club located in San Jose, Costa Rica available to anyone on the web at absolutely no charge and will generate revenue for this via unique sponsorship opportunities. We intend to incorporate "reach out" stations in our club that will enable club goers to interact with the online audience."
"There is a huge global market comprising "hot demographics" in the 21-35 year old bracket of people who want to plug into the U.S. culture any way they can and learn about the latest fashions, music and/or lifestyle trends. We intend to feature broadcasts via the web for the estimated 125M broadband consumers that will focus on lifestyle issues so that we can offer video content that will be of interest to the huge global audience. Additionally, we are already in conversations with several large talent agencies to discuss how we can book celebrities so that we can have them host special Club XTReme events. We will have future announcements about this later in Q-4."
About Mellon Research, Inc.
Founded in the fall of 2003 by Mario Pino, Mellon Research provides comprehensive boutique investment banking consulting services that enables 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.