Paychest Inc (PYCT)

[Jim Bishop]

1. Equity Retirement Savings Distributors Inc. - Spin off completed via merger with Equity Retirement Distributors (Canada) Inc, (Canada) without reduction in shares.

The Company's current officers and directors are:

E. Gamboa, Director
S. Winick, President/Secretary

http://www.secinfo.com/dV3p8.31sv.htm#2tf

Mellon Research, Inc. Exchanges Assets with Pearl Asian Mining

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Dec. 16, 2004--Mellon Research, Inc. (Pink Sheets: MLON.PK - News), the market leader in providing boutique investment banking services to private mid cap companies.

Mellon (OTC:MLON.PK - News) today announced that it a acquired 3,000,000 shares which is less than 5% of Equity Retirement Distributors Canada Ltd. (ERDTF.PK) from Pearl Asian Mining Industries, Inc. (PRMN.PK) in exchange for 500,000,000 newly issued MLON shares subject to SEC RULE 144.

The approximate book value of this acquisition by Mellon Research Inc. at the current market price is $45,000,000.

Mario Pino, Founder and CEO of Mellon Research noted that, "We are excited to be a part of Equity Retirement and believe that this acquisition will bring value and will diversify the holdings of Mellon."

E. Pearl Asian, Founder and Chairman of Pearl Asian Mining commented, "We believe in Mellon Research vision and look forward to their growth."