Mellon Research, Inc. Announces Significant Restructuring of the Company
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> SCOTTSDALE, Ariz., Aug. 16, 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 is merging the Company with another investment banking firm, Wall Street Securities, LLC that provides the same financial services as Mellon Research, Inc. The Company's intent is to increase shareholder value with this merger by offering one share in Wall Street Securities for any shares held in Mellon Research, Inc. as a dividend. Mellon Research will be strategically repositioned as Club XTreme(TM) which will blend a real world club that will be opening later this fall in Scottsdale, AZ, that will combine