MEHO news:
Monday May 8, 6:01 am Eastern Time
Company Press Release
SOURCE: Meridian Holdings, Inc.
Meridian Holdings, Inc. Declares Stock Dividend
LOS ANGELES, May 8 /PRNewswire/ -- Meridian Holdings, Inc. (OTC Bulletin Board: MEHO - news) announced today that pursuant to a resolution adopted on May 8, 2000, for each share of common stock of MEHO owned, shareholders of record as of June 15, 2000 will be issued three (3) shares of common stock in the company. The dividend distribution, for which all shareholders of record as of the aforementioned date are eligible, will take place on June 30, 2000. Corporate Stock Transfer (Denver), the company's stock transfer agent, will process the dividend issuance.
In consideration of three-day settlement, in order to be considered a shareholder of record as of June 15, 2000, shareholders must have purchased their stock prior to close of business on June 12, 2000.
``This stock dividend, which is consistent with management's strategic initiatives, is an expression of appreciation to our shareholders for their past support and for their patience as we build the company,'' Anthony C. Dike, MD, president, chairman and chief executive officer. ``We are
enthusiastic about the company's future, as we remain diligent in our efforts toward building a portfolio of valuable and synergistic enterprises,'' he 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 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. |
