MEHO news.
Monday May 1, 6:02 am Eastern Time
Company Press Release
SOURCE: Meridian Holdings, Inc.
Meridian Holdings, Inc. Announces Implementation of IPO Subscription Program
LOS ANGELES, May 1 /PRNewswire/ -- Anthony C. Dike, Chairman and CEO of Meridian Holdings, Inc. (OTC Bulletin Board: MEHO - news), announced today the implementation of the company's IPO subscription program plan. The program, developed by Meridian, allows owners of at least 100 shares of MEHO in a single account on a given record date the opportunity to
participate in a portion of the initial public offering of a Meridian Holdings, Inc. subsidiary or affiliate company.
Consistent with this plan, MEHO shareholders of record as of May 11, 2000 will be entitled to participate in the initial public offering of the company's subsidiary Intercare.com, Inc. on a prorated basis. Apportionment of stock for this purpose will be determined based upon the number of shares available for such participation, which will be determined by the underwriter.
``Shareholder of record'' is defined as one in whose name the stock is registered or on whose behalf it is held in a position listing as of a specified date. Allowing for a three-day settlement, to be a shareholder of record as of May 19, 2000, shareholders will have had to purchase their shares prior to close of business Tuesday, May 16, 2000.
``Eligibility to participate in this subscription program is consistent with management's methodology of building shareholder value by creating independent business entities in which Meridian shareholders enjoy an equity stake,'' said Dike.
About Meridian Holdings and Intercare.com, Inc.
Meridian Holdings, Inc. is an acquisition-oriented business enterprise 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. The company's Intercare.com, Inc. subsidiary is a U.S. FDA-registered, biomedical software development and publishing company. Visit Meridian's web site at www.meho.com for additional
information about the company and its dividend distribution policy, 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. |
