SCOTTSDALE, Ariz., Dec. 9, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON), the market leader in providing boutique investment banking services to private mid cap companies, announced that the company has retained the services of a local consulting firm to assist the company in preparing internal financial statements and associated regulatory reports. We expect to have finalized internal financial statements in the near term.
Mario Pino, the President and CEO of Mellon Research stated, "We are pleased to announce that we have begun the process of preparing internal financial statements for the Company and are actively preparing the company for an audit by an independent auditor. We are actively pursuing the selection of an independent audit firm to review our financial statements and look forward to completing this process for the Company shortly.
"We feel this is a very important step in our game plan to bring both Mellon Research, and our recent new dividend issue Wall Street Securities (Other OTC:WLSC) into full reporting status. We will also be meeting with a number of broker dealers and financial consultants today in Manhattan to discuss new joint ventures, develop our broker syndicate, and to look into the possible feasibility of acquiring our own broker dealership.
"Our long-term goal is to develop Wall Street Securities as our retail brokerage division, with Mellon Research providing boutique investment banking services to small and mid-size companies. The recent appointment of Mr. Barkev Kibarian to our executive team is an important first step in helping us develop our investment banking wing, and we look forward to hopefully announcing some new developments in establishing our retail and broker dealer division sometime in the next several weeks."
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: IPOs, 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 visit www.mellonresearch.com
About Wall Street Securities, Inc.
Wall Street Securities (Other OTC:WLSC) provides comprehensive boutique investment banking consulting services to enable private companies to raise capital via: IPOs, 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. http://www.wallstsecurities.com
This release contains forward-looking statements within the meaning of the Private 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.