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To: Witold who wrote (18318)	12/29/1999 10:50:00 PM
From: Witold	Respond to of 150070

Info on MEHO (it is a profitable company): Meridian Holdings, Inc. Files 10-QSB for Period Ended 9/30/99 LOS ANGELES, Nov. 29 /PRNewswire/ -- Anthony Dike, MD, chairman and chief executive officer of Meridian Holdings, Inc. (``Meridian') (OTC Bulletin Board: MEHO - news), a development-stage company, provided the following update following the timely filing of the company's quarterly report to the Securities and Exchange Commission on Form 10-QSB. For the three months ended September 30, 1999, the company posted net income of $7,593 on revenue of $336,642 versus a net loss of $65,492 for the comparable period a year ago. For the most recent nine-month period, the company reported net income of $136,833 on revenue of $976,534 compared to a net loss of $154,727 on revenue of $238,033 for the comparable period of 1998. During the nine-month period ended September 30, 1999, Meridian took the following steps to improve its liquidity and capital resources and to develop new business: -- acquired the Capnet Group of Companies, which has a base for recurring revenue derived from transaction management and e-commerce; -- acquired a 51% interest in Intercare Diagnostics, Inc., a United States FDA-registered, world-renowned biomedical software development and publishing company, with currently 5 multimedia software titles in the market; -- generated revenue from operations of $976,534, representing a 410% increase over the comparable period a year ago; -- through its Intercare subsidiary, executed an electronic commerce agreement with NetSales, Inc. for NetSales, Inc.'s distribution of Intercare's software programs through more than 140,000 resellers, including online customers, in 130 countries, as well as Ingram Micro, the largest provider of computer technology products and services to the world; -- through its Capnet IPA division, renewed contracts with the County of Los Angeles, Department of Health Services Community Health Plan to provide services regarding health-care transactions and management valued at approximately $1.5 million for the next fiscal year; -- through a subsidiary, released Version 5.0 of its "Mirage" Internet-based Healthcare transaction management software program, which is expected to generate approximately $5 million during the next 12 months; -- named Russell A. Lyon, well-known designer and developer of training and medical software titles, as president and chief technology officer of Intercare Diagnostics, Inc. -- engaged in additional capital-raising activities to improve its balance sheet and capital position. About Meridian Holdings Meridian Holdings, Inc. is an acquisition-oriented business enterprise focused on providing media-rich Internet contents and e-commerce solutions via Internet-based communities, online malls, classified advertisements and website auctions. The company's proprietary Internet software is used to provide access to a unique information portal and a virtual shopping mall featuring thousands of downloadable and traditional consumer products. Visit the company's web site at meho.net