LOS ANGELES--(BUSINESS WIRE)--Sept. 10, 1999--Meridian Holdings
Inc. (OTC BB:MEHO), Friday announced that CAPNET.com
(http://www.capnet.com), a division of Meridian Holdings Inc., has
officially released the Version 5.0 of "The Mirage Systems
Internet-based Healthcare Transaction Management Software Program."
This program has been under development since 1994, and has
undergone rigorous testing prior to current deployment. The software
program was originally developed as a cross-platform software program
(Microsoft Windows and Macintosh) by Intercare Diagnostics Inc.
(http://www.intercare.com: A world-renowned biomedical software
development company) utilizing Microsoft FoxPro Software Development
tool, in 1993.
The development of the Internet Version of the Program was
started in 1994, under joint development efforts between Intercare
Diagnostics Inc., A Microsoft Developer Network ISV Member, and
CAPNET.com, an Internet-based E-Commerce Transactions and Management
division of Meridian Holdings, utilizing Microsoft Corporation
software development tools.
The current software was developed with Microsoft Visual Interdev
6.0, and it is 100% compatible with Microsoft Windows NT 4.0,
Microsoft Exchange Server 5.5, Microsoft SQL 7.0, Microsoft Access 7.0
and above, Microsoft Internet Explorer 4.0 and above, and Netscape 4.0
and above. The estimated street value of this program is over $5
million and expected to appreciate in value, when all the program
features are fully implemented in subsequent versions.
Under the joint development agreement, Meridian Holdings has an
exclusive license to use this software program to conduct healthcare
transactions over the Internet, including but not limited to Claims
and Encounter Data Submission, Eligibility Verifications, Outcome
analysis and Drug Utilization analysis, etc.
So far the following contracted health plan partners, LA Care
Health Plan, County of Los Angeles Community Health Plan, Blue Cross
of California, Care1st Health Plan and Molina Medical Centers, have
been connected to the Network as of January 1999. This newly released
version will allow Capnet contracted Physicians and Hospitals to
utilize the program at no cost, while other non-affiliated healthcare
providers can only logon to the network on fee-based transaction
arrangements.
Anthony C. Dike, MD, Chairman & CEO of Meridian Holdings, also
the founder and pioneer of the CAPNET.com (Computer Aided Provider
NETwork) conceptual model, believes that, "The next 10 years are
already invented -- and the tools are here but the challenge is to use
the technology in new ways, and not the old ways." This recent
development is the beginning of more exciting things to come to the
trillion-dollar health-care industry.
Dike has pioneered the development of several health-care-related
software programs including "The Mirage Systems Multimedia Biofeedback
Interface," the first United States FDA-approved software program for
relaxation, self-regulation and biofeedback training.
From time to time, the Company may issue news releases that
contain "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and is subject to the
Safe Harbor created by those sections. This material may contain
statements about expected future events and/or financial results that
are forward-looking in nature and subject to risks and uncertainties.
For those statements, the Company claims the protection of the Safe
Harbor for forward-looking statement provisions contained in the
Private Securities Litigation Reform Act of 1995 and any amendments
thereto. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, goals, assumptions or future events or performance are not
statements of historical fact and may be "forward-looking statements."
"Forward-looking statements" are based upon expectations, estimates
and projections at the time the statements are made that involve a
number of risks and uncertainties which could cause actual results or
events to differ materially from those anticipated. "Forward-looking
statements" in this action may be identified through the use of words
such as "expects," "will," "anticipates," "estimates," "believes" or
by statements indicating that certain actions "may," "could," or
"might" occur.
--30--AJE/la* KR/la
CONTACT: Meridian Holdings Inc., Los Angeles
Anthony C. Dike, 213/627-8878
acdike@capnet.com
capnet.com |
