By: bkwheadon (MLON)
11 Dec 2004, 05:40 PM EST
Msg. 489906 of 489921
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MLON info:
SFNM confirms the recent PR by posting one of their own on 12/9. I guess my question to those of you who spew the diatribe of MLON being a scam, explain why SFNM has entered into a business arrangement with MLON. I'm not saying you should by MLON, but I'm not saying you shouldn't either. I can only verify information via PR and filings. The rest of the information posted here about MLON and Mr. Pina is posted by people I don't know and is highly skeptical. In my opinion, I think most of you who are negative about MLON are mad that you didn't get in on the run, therefore you have concluded it must be a scam. Since when was it a for sure scam when you release "too many" PR's? Since when do you believe that any person is guilty of a crime because someone on a message board whom you have never met posts information about someone who they may have never met, says that they sent a letter to the SEC, which they may not have done, and posts it on an anonymous message board that you somehow want to believe is truth. It's good to be skeptical, but why do you believe so many people who have to forge a name or make up a stupid alias in order to feel as though they are posting something important and truthful. I tend to lean more towards the PR's as a starting point of the truth because they are scrutinized by the SEC and can be verified by them. Posters on this and other boards have no credability, including me! Anyway, here is the SFNM PR:
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 (www dot surfnetmedia dot 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 (www dot voiceamerica dot com), BusinessAmerica(TM) Radio (www dot businessamericaradio dot com) and VoiceAmerica Health & Wellness Radio (health dot voiceamerica dot com). SurfNet enables sponsors to deliver cost-effective advertising content to targeted audiences.
Mellon Research (www dot mellonresearch dot 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
denise.dion at surfnetmedia.com
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