SCOTTSDALE, Ariz., Aug. 25, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON), the market leader in providing boutique investment banking services to private mid cap companies and offshore firms, announced its working progress report:
1) Greece Deal for $120,000,000 (One Hundred Twenty Million) in funding. Finally the first initial payment will be made for $150,000 this coming week with the additional $100,000 (One Hundred Thousand) and the final payment three to four weeks after the second payment of 2.5 (Million Dollars).
2) Kinghero International "China" Deal for $5,000,000 (Five Million Dollars). The initial payment of $1,000,000 (One Million Dollars) should be made within the next 10 days. The CEO and President Mr. Rodney Tang reassured us that the payment will be made.
3) Indian Gas Limited, after four days in meetings with Mr. Narayan Tyar, who represents a prominent International Consulting Firm for funding for many of the major projects for India, which is going to be the hot new topic for Investors. Mellon Research believes that they are going to jump in now and work with Mr. Narayan Tyar and their consulting firm to establish Mellon Research in India for the future. Mellon Research and Mr. Narayan Tyar are working on two very good projects: 1) Indian Gas Limited -- the initial funds that are going to be raised is $15,000,000 (Fifteen Million). Earnest & Young and K.P M.G. and A.I.G. Risk Management are taking the lead on this project and providing that Mellon Research can help them with the first $15,000,000 (Fifteen Million). Earnest & Young will step up to the plate and fund the next $430,000.000 (Four Hundred and Thirty Million). 2) We are still working with a consulting firm with a very good EOGC project -- the Ennore Oil and Gas Company for export oriented merchant petroleum refinery in Manappad, Tamilnadu, India. All of the clearances have been obtained from the Indian Government and the Pollution control board, the ministry of Environmental and Forest, Government for India have issued a clearance to build port facilities and LNG project, including compliance of Coastal Regulation Zone.
4) D.K.I. Investments. Mr. Kim flew in yesterday, and we had a very good meeting with reference to the 10-story shopping mall that they own in South Korea. We are going to be taking them public and racing them $7,000,000.00 for the remodeling and renovation of their South Korea shopping mall which is valued at $27,000.000 (Twenty Seven Million). After the renovation there are going to sell the mall off for bit-by-bit in pieces, which should be good for them since they are going public and should have a good price for share value with the assets that they have, and return and investments that they have.
Deals cancelled:
1) Turkish transaction (Cancelled) 2) Toys R Us cancelled -- could not reach an agreement (Cancelled) 3) Mexican Development -- could not reach an agreement (Cancelled)
Quote from Mario Pino Mellon Research Inc.:
"The Merger between Mellon Research is a good and positive move for Mellon and the shareholders, they are going to receive a one for one thousand dollars (1-1000) dividend to the Investors in Club X-treme and X-treme Television which we now and believe in the future to on-line media which we know in the future every will be streamed through the Internet, Radio and all the advertisement, T-one and T-four lines. Please, Please take the skepticism about me and my company and know that number one everything we do is proper and correct and honest. 2) We are doing everything to bring the company's profits up and for you the Investors. 3) Do not believe everything you read. Believe what I am saying to you now. This is the future of online entertainment and is going to revolutionize internationally, multicultural between the masses which cost us nothing through the internet. Why this has not been done before, I do not know. But you can guarantee that Club X-treme is going to be the lead in this revolutionary process for the future.
Quote from Mario Pino
I am calling it American Online and MTV put together -- international, muticulturally, for ages 13-35 years of age keep Mellon research and the merger and Club X-treme on the radar screens. It is going to be a hot deal future.
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 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.
Mellon Research, Inc. www.mellonresearch.com Moving Horizons(tm) Trading under MLON via OTC Corporate Offices 2415 E. Camelback Road, Suite 700 Phoenix, AZ 85258 USA 602-912-5860 Phone 208-977-4548 Fax www.mellonresearch.com raisecapital@mellonreserch.com Asian HQ HSBC Tower Level 21 101 Yin Cheng East Road Pudong, Shanghai SHANGHAI China 200120 8621-2890-3033 Phone