Paychest Inc (PYCT)

[perc]

NEWS text @ Noon & 12:56 pm EST

A HALF MILL CASH BRIDGE FINANCING + $5 MILLION PRIVATE PLACEMENT

1 DAY PINK SHEET CHART http://tinyurl.com/5999e

REAL TIME MLON Quotes http://tinyurl.com/3jdsf
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SurfNet Media Group Announces Agreement with Mellon Research for $500,000 Bridge Loan, $5 Million Reg S Offering and Collaboration with Club Extreme
Thursday December 9, 12:00 pm ET

TEMPE, Ariz.--(BUSINESS WIRE)--Dec. 9, 2004--SurfNet Media Group, Inc. (OTCBB: SFNM - News) announced today that it has entered into a financial advisory agreement with Mellon Research, Inc. (OTCPK: MLON), based in Phoenix, Arizona, for the procurement of $500,000 in bridge financing and the sale of up to $5 million (US) dollars of convertible notes to be issued by SurfNet in a private placement in offshore transactions to foreign investors pursuant to Regulation S under the Securities Act of 1933. The notes will not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.
"We look forward to supporting SurfNet's achievement of its business goals," said Mario Pino, Mellon Research's CEO and President, "including collaboration with Club Extreme to roll out Mandarin Chinese and Spanish language Internet-based music networks in 2005." "SurfNet, which was a pioneer in the distribution of music over the Internet, launching its original service, BoomBoxRadio, in 1998, is well tooled for this collaboration," said Robert Arkin, SurfNet's Chairman and CEO.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities in any jurisdiction in which such an offer or sale would be unlawful.

Various statements made within this press release may constitute "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. The forward-looking statements contained herein involve risks and uncertainties that could cause results to differ materially from the company's expectations.

SurfNet Media Group (http://www.surfnetmedia.com/) is an Internet digital entertainment media company producing and broadcasting live and on-demand talk radio content streamed globally 24/7. SurfNet produces and broadcasts over 100 programs weekly on its channels, VoiceAmerica(TM) Radio (http://www.voiceamerica.com), BusinessAmerica(TM) Radio (http://www.businessamericaradio.com) and VoiceAmerica Health & Wellness Radio (http://health.voiceamerica.com). SurfNet enables sponsors to deliver cost-effective advertising content to targeted audiences.

Mellon Research (http://www.mellonresearch.com/) provides comprehensive multi-national, boutique investment banking consulting services to enable private companies to raise capital via: IPOs, Reverse Mergers, Bridge Capital and or other financial vehicles.

Contact:
SurfNet Media Group
Denise Dion, 602-426-7200
[e-mail]

http://biz.yahoo.com/bw/041209/95399_1.html

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Mellon Research Retains Consulting Firm, Looks to Develop Banking and Retail Divisions
Thursday December 9, 12:56 pm ET


SCOTTSDALE, Ariz., Dec. 9, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Other OTC:MLON.PK - News), the market leader in providing boutique investment banking services to private mid cap companies, announced that the company has retained the services of a local consulting firm to assist the company in preparing internal financial statements and associated regulatory reports. We expect to have finalized internal financial statements in the near term.
Mario Pino, the President and CEO of Mellon Research stated, ``We are pleased to announce that we have begun the process of preparing internal financial statements for the Company and are actively preparing the company for an audit by an independent auditor. We are actively pursuing the selection of an independent audit firm to review our financial statements and look forward to completing this process for the Company shortly.

``We feel this is a very important step in our game plan to bring both Mellon Research, and our recent new dividend issue Wall Street Securities (Other OTC:WLSC.PK - News) into full reporting status. We will also be meeting with a number of broker dealers and financial consultants today in Manhattan to discuss new joint ventures, develop our broker syndicate, and to look into the possible feasibility of acquiring our own broker dealership.

``Our long-term goal is to develop Wall Street Securities as our retail brokerage division, with Mellon Research providing boutique investment banking services to small and mid-size companies. The recent appointment of Mr. Barkev Kibarian to our executive team is an important first step in helping us develop our investment banking wing, and we look forward to hopefully announcing some new developments in establishing our retail and broker dealer division sometime in the next several 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: 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 visit http://www.mellonresearch.com

About Wall Street Securities, Inc.

Wall Street Securities (Other OTC:WLSC.PK - News) 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. Wall Street Securities 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. http://www.wallstsecurities.com

This release contains forward-looking statements within the meaning of the Private 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.

Contact:

Mario Pino
CEO
602.912.5870
[e-mail]

http://biz.yahoo.com/pz/041209/69207.html
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Yahoo News Headlines
http://finance.yahoo.com/q/h?s=MLON.PK
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STERLING SAYS >>> HOLD MLON <<<

FROM STERLING LAST NIGHT:

By: stervc 09 Dec 2004, 02:35 AM EST
Msg. 128513 of 128575
(This msg. is a reply to 128508 by steve10554.)

Steve10554, about MLON...

I'm trying to keep that I think MLON will be going to the pennies to myself to keep from sounding like I'm hyping until more news come out. Heck we know it's coming. You should do well!

All is well!
http://www.sterlingsclass.com/

Sterling

http://tinyurl.com/5zknc
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I'm Holding MLON.pk for the next spike on Video Interview PR

http://biz.yahoo.com/pz/041207/69061.html

MLON is a swing trade for me - so I am not doing much fundamental analysis for a long term play

I am long for .001, .0012, .0017, .0019 = AVG @ .0013

1 DAY PINK SHEET CHART http://tinyurl.com/5999e

1 day chart http://finance.yahoo.com/q/bc?s=MLON.PK&t=1d

5 day chart http://finance.yahoo.com/q/bc?s=MLON.PK&t=5d

I HUB FORUM: http://tinyurl.com/6qe7p

see REAL TIME MLON Quotes @

http://www.pinksheets.com/quote/quote.jsp?symbol=mlon

tiny url for same: http://tinyurl.com/3jdsf

Sterling on MLON: http://tinyurl.com/6knp4

Yahoo summary http://finance.yahoo.com/q?s=mlon.pk

Company web site: http://www.mellonresearch.com

http://www.mellonresearch.com/company.htm

SERVICES
http://www.mellonresearch.com/services.htm

Mellon Research Inc.
2415 E. Camelback Road,
Suite 700
Phoenix, AZ
85258 USA
602-912-5860 Phone
208-977-4548 Fax

Mellon Research Inc.
HSBC Tower Level 21
101 Yin Cheng East Road
Pudong, Shanghai
SHANGHAI China 200120
8621-2890-3033 Phone

http://www.mellonresearch.com/contact.htm

NEWS

MLON web site not updated since 16 July 2004 (m m m . . . )
http://www.mellonresearch.com/news.htm

http://finance.yahoo.com/q/h?s=MLON.PK

http://otcbb.com/asp/Info_Center.asp

some guy at I Hub thinks this is important:

http://www.mellonresearch.com/pr_20040716.htm

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