a tad more on MEHO: Please note CGI communications. I think that is the next stock dividend.
Monday April 24, 5:16 pm Eastern Time
Company Press Release
SOURCE: Meridian Holdings, Inc.
Analyst Releases Report on Meridian Holdings, Inc.
LOS ANGELES, April 24 /PRNewswire/ -- Meridian Holdings, Inc. announced today that National Capital Securities Research (NCSR; Irvine, Calif.) has initiated research coverage of the company with a BUY recommendation. NCSR based its projections and investment conclusions upon significant company fundamentals, including:
-- Meridian's ability to generate revenue in the development stage (nearly $1.4 million in 1999), with expectations of a significant revenue increase in 2000.
-- The company's focus on revenue-generating e-business opportunities that yield impressive profit margins.
-- The ability to identify acquisition candidates and complete acquisitions relatively rapidly toward building a portfolio of complementary e-commerce, communications, business-to-business enterprises.
-- Meridian's recent formation of international strategic alliances for co-development and worldwide deployment of high-tech, interactive health care delivery systems.
-- The company's potential to become a leading network in the field of high-tech telemedicine, e-business, e-communications and e-commerce, given the true globalization of Internet use over the next several years.
As the report noted, Meridian's portfolio of revenue-generating assets includes Bidfair.com (online
auction); Bolingo.com (computer accessories, hardware, software); Capnet.com (information/management services, especially in analyses and clinical reports in healthcare); the ``Electronic Drug Store'' (medication management; electronic prescription services) high-technology products; CGI Communications Services, Inc. (broadband communications solutions, high-speed Internet access); Pricepickers.com, Pricepickers.net (Internet-based general mall for excess
inventory at rock-bottom prices); Intercare.com (telemedicine, biofeedback). Intercare.com
currently has over five software titles in the market, including electronic patient profiling, pain
management, and biofeedback tools.
Founded in 1992, National Capital Securities Research is a wholly owned subsidiary of the
National Capital Companies. The National Capital companies engage in full-service investment
banking, brokerage, trading, and financing services primarily focusing on new and rapidly growing
small capitalization companies. In addition, the group provides market making, merchant banking
and lending as required, as well as access to the institutional and brokerage community.
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. |
