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[Mellon Research]

Mellon Research, Inc. Announces Strategic Alliances And Dividend
SCOTTSDALE, Ariz.

Morgan Phillips, Inc.
Ray Larson, 918-269-6366
[e-mail]

Mellon Research, Inc. (OTCBB: MLON.PK) the market leader in providing boutique investment banking services to private mid cap companies is announcing today that it intends to initiate discussions with established securities firms to enable Mellon Research to develop a strategic alliance with a firm that could encompass a joint venture, acquisition of Mellon that would be favorable to existing shareholders or to become a standalone subsidiary.

"We are actively exploring strategic alliances that will benefit our company and stockholders with the intent to find a suitable partner that is well positioned in the marketplace - enabling us to leverage their operational capabilities and/or in-place customer relationships. This includes but is not limited to our initiating discussions with several Broker/Dealer Securities Firms - the basis of these discussions may encompass a number of formal processes that may or may not center on our becoming a subsidiary of the firm, or working together for funding our valued clients, through 504 Reg D, providing market awareness for company MLON picks to do business we will be announce our new Book of clients coming soon.

Mellon Research Announces Dividend, Convertible debenture bond, yield of 8% per annum for all shareholders of record Dec. 31, which would be released in approximately 120 days. Mario Pino quotes:-

"However, we are not interested solely in becoming a subsidiary of a larger firm, unless we can command the type of financial value that generates a significant return for our company and stockholders. We do want to make it clear that we intend to enter into these types of discussions with firms, but that if these discussions do not bear fruit we are most confident that we can and will continue to operate as a standalone firm that will be profitable and drive stockholder value moving forward. Our interest in entering into these types of discussions is based solely on growing our company faster or generating better returns for our stockholders and not for any other reasons. "

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, [e-mail], 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.