Another PR about MEHO split:
Wednesday April 26, 6:02 am Eastern Time
Company Press Release
SOURCE: Meridian Holdings, Inc.
Meridian Board of Directors Considers Stock Liquidity Issue
LOS ANGELES, April 26 /PRNewswire/ -- Anthony C. Dike, MD, chairman, president and chief executive officer of Meridian Holdings, Inc. (OTC Bulletin Board: MEHO - news) announced today that the company's board of directors is considering several scenarios in response to shareholder concerns relating to liquidity of the company's common stock, including but not limited to, a forward split of the company's stock.
Meridian, which currently has approximately 31 million shares of common stock outstanding, has approximately 307,000 shares in the public float.
``We are very concerned with shareholders' ability to participate in the value we are creating in the Meridian family of companies, and we are considering various alternatives to address shareholders' often expressed concerns about liquidity of the company's stock,'' said Dike.
Dike indicated that the board of directors will be evaluating various alternatives, including a split of the
company's stock, and expects to make its determination within the next 30 days. ``While we want to be responsive to the immediate concerns of our shareholders, we remain keenly focused on preserving a capital structure that will be in the best long-term interest of the company,'' Dike said.
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. |
