SCOTTSDALE, Ariz., July 15, 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 today that it has met with its Greek client again and it is moving forward on all fronts with the client including the second stage of a funding process and scheduling an IPO via the OTC market within the next 60-90 days.
"We went with an offshore client in Greece in late April that needed $120M USD in bridge funding immediately so that they could complete a major construction project in Athens in time for the upcoming Summer Olympics. We've now moved forward to more substantive conversations and are planning on meeting with our client in the next 60 days to map out a timeline to take them public via the OTC market here in the United States and to arrange for the appropriate amount of funding that they need to complete their projects prior to the start of the Olympics," said Mario Pino, CEO of Mellon Research, Inc. "We are pleased that we are making progress on this deal and are most confident that it will contribute revenue to our bottom line some time in Quarter three of this calendar year."
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. 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.