PHOENIX, March 24, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON) (the "company") today announced that they will be meeting this Friday with a client in China who manufactures children's clothing for Toys R Us. The meeting will take place in Los Angeles and Mellon will advise how they can facilitate taking the client public in the United States in order to give the client a presence in the US markets.
Mellon Research, Inc. will receive $50 Million USD in the company stock for taking them public.
Also, Mellon is working with one of the largest pharmaceutical companies in China to take them public in the US as well. The company hopes to sign the contract with both clients in the next 10 to 15 days in order to give both companies the public vehicle they need to raise funds and establish a presence in our markets here in the United States.
Mellon will be taking an equity participation in each transaction.
About Mellon Research, Inc.
Mellon Research, Inc. is a statistical research company which specializes in finding strong emerging companies in China and provides a vehicle for them to go public in the United States. The company's offerings include consulting for project funding and asset management, issuing collateral from top world banks and bridge loans. Recognized by customers are "MLON" and related Mellon-branded subsidiaries. The company has approximately 200 associates actively working with us worldwide and acquired assets of $120 million for its most recent fiscal year, which ended Dec. 31, 2003.
For more information about Mellon Research, Inc., call 602.912.5860 in the United States or visit www.Mellonresearch.com.
This news release contains information that is "forward-looking" in that it describes events and conditions, which Mellon Research, Inc. ("MLON") reasonably expects to occur in the future. Expectations for the future performance of the business of MLON are dependent upon a number of factors, and there can be no assurance that MLON will achieve the results as contemplated herein and there can be no assurance that MLON will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. MLON disclaims any obligation to update any forward-looking statement made herein.
CONTACT: Mellon Research, Inc., Phoenix H. Katsaros, Secretary 602-912-5860 hollyleeaz@aol.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Mellon Enterprises, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
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