MEHO .04x.07.The Q out today.Back to profit again.
biz.yahoo.com
1)Revenues up.
2)Made profit for Q ending March 31st.
3)Book value around .05.
4)As you can see below, most of the outstanding is control by insiders.
Anthony C. Dike,M.D. Director 75,370,450 Active 80%
5)Small float.
6) We plan to list our common stock on the new exchange to be sponsored by NASD in 2003.
7)Zero dilution froma year ago.
8) Stock Repurchase.
9)Also, the Company will soon release its flagship enterprise Clinical documentation and Management software program known as ICE(TM), that will satisfy the needs of current and future clients, as well as help in enhancing its revenue stream.
10)The cost of revenue for three months ended March 31, 2002 is $148,044 compared to $203,848 for three months ended March 31, 2001. This represents a 27% decrease in cost of revenue.
General and administrative expenses were $410,438 or 67 % of total revenues for the three months ended March 31, 2002 compared to $665,935 or 106% of total revenues for three months ended March 31, 2001. The decrease in general and administrative expense is due to the implementation of the 2001 restructuring program by the registrant.
LOS ANGELES, May 15 /PRNewswire-FirstCall/ -- Meridian Holdings, Inc. (OTC Bulletin Board: MEHO - News), a health care services and technology company today announced financial and operational results for the financial period ended March 31, 2002.
Medical services revenues increased by 28% from $477,228 for the three months ended March 31, 2001 to $610,832 for comparable period in 2002. The increase in medical services revenue is attributed to increase in membership enrollments, as well as increase in per member per month capitation revenue received from the HMO.
The Company recorded a net income from operations for the three months ended March 31, 2002 of $38,196, compared to a net loss of $277,991 during comparable period in 2001.
Also, the Company will soon release its flagship enterprise Clinical documentation and Management software program known as ICE(TM), that will satisfy the needs of current and future clients, as well as help in enhancing its revenue stream.
Details of the above and all the other regulatory and financial filings can be downloaded at SEC website www.sec.gov .
About Meridian Holdings, Inc.
Meridian Holdings, Inc. is a Healthcare Services and Technology Company. Meridian's network of affiliated companies is designed to encourage maximum leverage of information technology, operational excellence, industry expertise, and synergistic business opportunities. Meridian is committed to building shareholder value by positioning affiliated companies as independent business entities in which Meridian shareholders enjoy equity participation. Learn more about the company and its subsidiaries, including CGI Communications Services, Inc. and Intercare.com-dx, Inc. by visiting Meridian's web site at www.meho.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.
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