MEHO :strong buy for the 12/31/99 5:1 (!!) share dividend:
(MEHO trades at low volumes and IMO should fly if it becomes hot due to the upcoming dividend deadline):
biz.yahoo.com
Wednesday December 15, 6:15 am Eastern Time
Company Press Release
SOURCE: Meridian Holdings, Inc.
Meridian Holdings, Inc. Declares Dividend in the Form Of Shares of Common Stock of Intercare Diagnostics, Inc.
Note: Trading Symbol Remains Unchanged...'MEHO'
LOS ANGELES, Dec. 15 /PRNewswire/ -- Meridian Holdings, Inc. (OTC Bulletin Board: MEHO - news), 51% owner of Intercare Diagnostics (Intercare), restated today that pursuant to a resolution adopted on December 10, 1999, for each share of common stock of MEHO owned, shareholders of record as of December 31, 1999 will be issued five (5) shares of common stock of Intercare. The dividend distribution, which will be made to all shareholders -- excepting all current and past officers, directors and affiliates -- will take place in January 2000, following MEHO's annual meeting. Corporate Stock Transfer (Denver), the company's stock transfer agent, will process the dividend issuance.
``Commemorating the millennium, this stock dividend is an expression of appreciation to our shareholders for their support. It is also designed to effect an orderly transition of ownership of Intercare, which we believe has excellent potential as telemedicine, Internet-based diagnostics, and computer-assisted biofeedback methods gain momentum,' said Anthony C. Dike, MD, Meridian's chief executive officer.
Dike noted, that while news of the dividend distribution on Monday received only limited coverage, it had been incorrectly reported by the Dow Jones News Service that Meridian Holdings, Inc. was changing its stock symbol. ``Though there seems to have been some confusion in the marketplace as a result of the misstatement by the news service, indeed we intend to start a great millennium as MEHO,' said Dike. ``We apologize for the upset experienced by our shareholders and want them to know that the company's future has never looked better,' he said.
In other developments, he reported that the company is making excellent progress in its business plan, and that it recently entered into an agreement for the acquisition of a 20% interest in CGI Communications Services, Inc. (Los Angeles; www.cgics.com). Additional details of the transaction were not disclosed.
``We are enthusiastic about our equity interest in CGI, which is an excellent fit for Meridian's business plan and marketing strategy,' said Anthony C. Dike, MD, Meridian's chief executive officer. ``We look forward to capturing numerous synergies.'
About CGI Communications Services
CGI Communications Services is a start-up company focused on providing value-added Internet and intranet services, including DSL, wireless Internet services, web hosting, database management and data archiving to specialty and small business customers. CGI Communications Services intends to become a leader in this niche market, which is one of the fast-growing sectors in a burgeoning industry.
About Meridian Holdings and Intercare Diagnostics, Inc.
Meridian Holdings, Inc. is an acquisition-oriented business enterprise focused on providing media-rich Internet contents and e-commerce solutions via Internet-based communities, online malls, classified advertisements and website auctions. The company's proprietary Internet software is used to provide access to a unique information portal and a virtual shopping mall featuring thousands of downloadable and traditional consumer products. The company's Intercare Diagnostics, Inc. subsidiary is a U.S. FDA-registered, biomedical software development and publishing company. Visit Meridian's web site at www.meho.com and Intercare's web site at www.intercare.com.
NOTE: Statements in this news release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Material that is forward-looking may contain statements about expected future events and/or financial results that are forward-looking in nature. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties that may cause the company's results to differ from such forward-looking statements. These include, but are not limited to, economic, competitive, governmental, technological and other factors discussed in the statements and/or in the company's filings with the Securities and Exchange Commission.
SOURCE: Meridian Holdings, Inc. |
