Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The OTCBB Garbage Dump -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (2297)	9/20/1999 9:23:00 AM
From: Wayne Rumball	Read Replies (1) \| Respond to of 2942

LOS ANGELES--(BW HealthWire)--Sept. 20, 1999--Meridian Holdings, Inc. (OTC BB:MEHO) (http://www.meho.net), today announced the acquisition of a 51% interest in Intercare Diagnostics, Inc. (http://www.intercare.com), a California Corporation and United States FDA registered Biomedical Software Development Company located in the city of Inglewood, Calif., in exchange for "Banner" Advertisement and Promotion of Intercare Products and Services on all high traffic websites of Meridian Holdings, Inc., as well as assumption of current and future software development costs and debts of Intercare. Intercare has developed several healthcare related software programs including the Mirage Systems Biofeedback Interface, the first United States FDA approved software program for relaxation, self-regulation and biofeedback training, Body Pain Trigger Points and most recently released version 5.0 Mirage Systems Internet-based Healthcare Transaction Management software, all with a street market value of over $5,000,000. Recently, Intercare signed a distribution agreement with DigitalRiver Corp. (http://www.digitalriver.com), a major Internet Distributor of Software Programs, to market its software to various retail channels, including but not limited; to Walmart, CompUSA, etc, as well as electronic download sales over the Internet. The projected revenue from software sales over the next 12 months is approximately $2,000,000. Under this stock purchase agreement, Intercare will become a subsidiary of Meridian Holdings, Inc. From time to time, the Company may issue press releases that contain "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 is subject to the Safe Harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the Safe Harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements". "Forward looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those anticipated. "Forward looking statements" in this action may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes" or by statements indicating certain actions "may", "could", or "might" occur. --30--mtl/sf* sdf/sf CONTACT: Meridian Holdings, Inc. Anthony C. Dike, 213/627-8878 acdike@capnet.com capnet.com or High Desert Consultants, Inc. Thomas R. Meinders ,702/220-3120 meinders@aol.com