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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (89184)	1/9/2005 11:02:46 AM
From: scion	Read Replies (1) \| Respond to of 122088

Mellon Exchanges Assets with Pearl Asian Mining Thursday December 16, 2:08 pm ET 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." SECURITIES AND EXCHANGE COMMISSION V. WORLD FINANCIAL & INVESTMENT CO., INC. AND VICTOR M. WILSON Litigation Release No. 17054 / June 26, 2001 SECURITIES AND EXCHANGE COMMISSION V. WORLD FINANCIAL & INVESTMENT CO., INC. AND VICTOR M. WILSON, U.S. District Court, E.D.N.Y., No. 99 CIV 7608 (ILG) The Securities and Exchange Commission announced today the settlement of claims against both defendants in this action, filed in the U.S. District Court for the Eastern District of New York on November 23, 1999. The two defendants are: Victor M. Wilson, age 47, of Brooklyn, New York; and World Financial & Investment Co., Inc. ("World Financial"), an investment advisory firm wholly-owned by Wilson that operated from Wilson's Brooklyn law office. The Commission's Complaint alleged that Wilson, acting through World Financial, raised approximately $1.2 million from hundreds of investors in the United States and Carribbean from March 1997 through April 1998. The money was invested in a so-called "60-40 program" promoted by Credit Bank International Co. ("Credit Bank"), which was purportedly chartered in the "Dominion of Melchizedek." The Dominion of Melchizidek has a website promoting itself as a sovereign entity, recognized by certain governments. The Complaint alleged that Wilson solicited U.S. investors by falsely promising returns of over 300% and channeled funds to bank accounts controlled by the supposed "ambassador at large" from the Dominion of Melchizidek. Without admitting or denying the allegations of the Complaint, Wilson and World Financial consented to final judgments that impose permanent injunctions and other equitable relief against them. The final judgments permanently enjoin Wilson and World Financial from committing future violations of Sections 5(a), 5(c), 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. The final judgments further require Wilson and World Financial to disgorge gains and interest totaling $175,000 and pay civil penalties, but waive payment of such monies based on Wilson's and World Financial's demonstrated inability to pay. Wilson also consented to a Commission order barring him from associating with any investment advisor. See prior litigation release no. 16368. sec.gov