THREAD ALERT MEHO news.
Monday December 13, 6:01 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.
LOS ANGELES, Dec. 13 /PRNewswire/ -- Meridian Holdings, Inc. (OTC Bulletin Board: MEHO - news), 51% owner of Intercare Diagnostics (InterCare), announced 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.
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.
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