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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (22068)	4/18/2000 2:59:00 PM
From: Joe Copia	Read Replies (3) \| Respond to of 25711

MEHO NEWS: Tuesday April 18, 6:03 am Eastern Time Company Press Release SOURCE: Meridian Holdings, Inc. Meridian Holdings Inks Joint Venture Agreement with Dermalay Industries To Market, Co-Brand, and Develop Products and Technologies LOS ANGELES, April 18 /PRNewswire/ -- Anthony C. Dike, MD, chairman and chief executive officer of Meridian Holdings, Inc. (OTC Bulletin Board: MEHO - news), today announced that the company has entered into a joint venture with Dermalay Industries (Bakersfield), a manufacturer of varied emu oil products used in cosmetics and personal care preparations. Additional products manufactured by Dermalay are used in the treatment of a variety of skin conditions and as an aid in the reduction of pain and swelling attributable to arthritis, sports injuries, over-exertion, accidents and stress. Pursuant to the agreement, Meridian and Dermalay will participate in a global enterprise. Dermalay Industries, Inc. will manufacture the various Dermalay(TM) products and its Powerheat(TM) oil products, and Meridian Holdings, Inc. through its e-commerce capabilities, will advertise and market these products to the general market worldwide. Dermalay Industries, Inc. will also co-promote and co-market the Body Pain Trigger Point(TM) software program of InterCare.com, a subsidiary of Meridian Holdings, Inc. Under the terms of the joint venture, each company will contribute equally to the resources and will benefit equally from the proceeds of venture projects. ``We are enthusiastic about the potential represented in this joint venture agreement with Dermalay, whose products have worldwide appeal and provide an excellent complement to InterCare.com's popular software product. We look forward to pursuing synergistic business opportunities worldwide,' said Dike. About Dermalay Industries, Inc. Founded in 1995, Dermalay Industries, Inc. is a publicly traded company (OTC Bulletin Board: DMLY - news) on the forefront of manufacturing and distributing emu-oil based products for health and skin care. 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.