SCOTTSDALE, Ariz., May 5, 2004 (PRIMEZONE) -- Mellon Research Inc. (OTCBB:MLON), the market leader in providing boutique investment banking services to private mid-cap companies and offshore firms, today announced that it has successfully set up a $10 million Standby Letter of Credit (SBLC) finance package for bridge funding purposes for a leading trading firm in Hong Kong.
"We've worked hard on putting together an SBLC finance package for our client that will enable our client to complete an important project on time and under budget -- they needed a bare minimum of $5 million in bridge funding in a short amount of time and we were able to double this amount for them with a timeline that meshed with their needs," said Mario Pino, CEO of Mellon Research, Inc.
"This contract will generate a large fee for Mellon Research, estimated to be $1.2 million USD. It will also enable us to structure more finance deals with this client as they move forward in their business processes. We are aggressively looking at several other projects with clients who need similar types of funding and anticipate announcing several more contracts like this in the next few 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: 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.
More information is available by contacting Mario Pino by phone at 602.912.5870, at 2415 E. Camelback Road, Suite 700, Phoenix, AZ 85016, or by email at mellonresearch@aol.com. More information about Mellon Research Inc. is also available at 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.
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