strong MEHO news. A long of mine I added some today:
Wednesday April 19, 6:04 am Eastern Time
Company Press Release
SOURCE: Meridian Holdings, Inc.
Analyst Releases Report on Meridian Holdings, Inc.
LOS ANGELES, April 19 /PRNewswire/ -- Meridian Holdings, Inc. (OTC Bulletin Board: MEHO - news) announced today that National Capital Securities Research, Inc. (NCS; Las Vegas, Nev.) has initiated research coverage of the company with a BUY recommendation. NCS based its projections and investment conclusions upon significant company fundamentals, including:
-- Meridian's ability to generate revenue in the development stage (nearly $1.4 million in 1999), with expectations of a significant revenue increase in 2000.
-- The company's focus on revenue-generating e-business opportunities that yield impressive profit margins.
-- The ability to identify acquisition candidates and complete acquisitions relatively rapidly toward building a portfolio of complementary e-commerce, communications, business-to-business enterprises.
-- Meridian's recent formation of international strategic alliances for co-development and worldwide deployment of high-tech, interactive health care delivery systems.
-- The company's potential to become a leading network in the field of high-tech telemedicine, e-business, e-communications and e-commerce, given the true globalization of Internet use over the next several years.
As the report noted, Meridian's portfolio of venue-generating assets includes Bidfair.com (online
auction); Bolingo.com (computer accessories, hardware, software); Capnet.com (information/management services, especially in analyses and clinical reports in healthcare); the ``Electronic Drug Store' (medication management; electronic prescription services) high-technology products; CGI Communications Services, Inc. (broadband communications solutions, high-speed Internet access); Pricepickers.com, Pricepickers.net (Internet-based general mall for excess inventory at rock-bottom prices); Intercare.com (telemedicine, biofeedback). Intercare.com currently has over five software titles in the market, including electronic patient profiling, pain management, and
biofeedback tools. To obtain a copy of the report, contact Jordan Richard Assoc., 801-268-8610, or via
email at ir@jordanrichard.com.
About Meridian Holdings, Inc.
Meridian Holdings, Inc. is an acquisition-oriented holding company focused on building, operating and
managing a portfolio of business-to-business companies. Meridian seeks to acquire majority or
controlling interests in companies engaged in e-commerce, e-communication, and e-business services,
which will allow the holding company to actively participate in management, operations and finances.
Meridian's network of affiliated companies is designed to encourage maximum leverage of information
technology, operational excellence, industry expertise and synergistic business opportunity. Meridian is
committed to building shareholder value by positioning affiliated companies as independent business
entities in which Meridian shareholders enjoy equity participation. Visit Meridian's web site at
www.meho.com .
NOTE: Statements contained in this 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 of 1934 and are made subject to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking
statements, including but not limited to statements about expected future events and/or financial results,
invoke risk and uncertainties and that actual future events and/or the company's actual results may
differ materially from such forward-looking statements. Such risks and uncertainties include but are not
limited to the company's ability to develop new business in the area of managed care, its ability to
attract and retain key personnel, its ability to finance its plans for growth, general economic conditions
and other factors discussed in such forward-looking statements and/or the company's periodic filings
with the Securities and Exchange Commission.
SOURCE: Meridian Holdings, Inc. |
