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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 (22187)	5/22/2000 9:22:00 AM
From: Joe Copia	Read Replies (1) \| Respond to of 25711

more MEHO news: Monday May 22, 6:02 am Eastern Time Company Press Release SOURCE: Meridian Holdings, Inc. Meridian Launches Redesigned Auction Web Site at www.bidfair.com LOS ANGELES, May 22 /PRNewswire/ -- Meridian Holdings, Inc. (OTC Bulletin Board: MEHO - news) announced today the official launch of the company's redesigned Bidfair.com online auction division at www.bidfair.com, which today formally opens to the public for the buying and selling of virtually any items that may be legally marketed via the Internet. The site, which has been under development for nearly six months, provides a secure venue for trading various items at auction, including antiques, apparel, cars, electronics, office equipment, furniture, sporting goods and memorabilia, and toys. ``The concept of buying and selling goods and services at 'silent auction' is certainly not new, and electronic trading has been conducted by a relatively select few for a number of years,'' said Dike. ``Specifically, the concept of Bidfair.com and of our newly designed site is to offer a variety of auction alternatives and to break down the barriers to make trading uncomplicated, easy, and fun for as many people as possible throughout Meridian's growing affiliate network. Obviously, we believe that the potential is vast,'' he said. About Meridian Holdings, Inc. and Bidfair.com 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. ``Bidfair.com'' (http://www.bidfair.com) is a premier person-to-person Internet auction site, a Web-based community in which buyers and sellers are brought together in an efficient and entertaining auction format to buy and sell personal items such as antiques, coins, collectibles, computers, memorabilia, stamps and toys. The Bidfair.com service permits sellers to list items for sale, buyers to bid on items of interest and all Bidfair.com users to browse through listed items in a fully-automated, topically-arranged, intuitive and easy-to-use online service that is available 24 hours a day, seven days a week. 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, and Bidfair's web site at www.bidfair.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.