Monday March 12, 6:00 am Eastern Time
Press Release
SOURCE: Meridian Holdings, Inc.
Meridian's InterCare Subsidiary Inks
Exclusive Reseller Agreement With
China Business Chain Group to Market
the Chinese Version of
MedMaster(TM) Suite of Clinical
Applications
LOS ANGELES, March 12 /PRNewswire/ -- Anthony C. Dike,
Chairman and CEO of Meridian Holdings, Inc. (OTC Bulletin
Board: MEHO - news), announced today that its InterCare
subsidiary has entered into an exclusive reseller agreement with
privately held China Business Chain Group LLC (Shanghai, China;
CBCG) whereby CBCG will resell the Chinese version of the
MedMaster(TM) suite of clinical applications in China. CBCG,
which maintains a presence in the United States, is a
business-to-business conglomerate, providing leading-edge business
development and marketing, as well as deployment of services in
various IT sectors in China.
Under the terms of the agreement, CBCG will purchase up to US
$5 million in units of the Chinese version of the MedMaster(TM)
suite in order to retain exclusive distribution rights to China. CBCG
will work as an integrator, interfacing with other third-party Chinese
healthcare applications. For this purpose, InterCare has agreed to
license the MedMaster(TM) software on reasonable and
cooperatively priced terms. As a result of the multi-language
functionality of the MedMaster(TM) software, InterCare anticipates
that it will be relatively simple to make a Chinese version available
to CBCG.
``One of CBCG's areas of focus is the creation and expansion of
indirect marketing channels as well as the development of partner
programs for American IT companies in the Chinese-speaking
market. After having evaluated a number of other electronic
medical record systems in the worldwide market, we believe that the InterCare MedMaster(TM) suite
of clinical applications, with its complete human anatomical intuitive graphical user interface, could be
easily adapted to Chinese and other languages seamlessly,'' said John Shen Lin, vice president of
CBCG's China operations.
``We believe that the MedMaster(TM) suite of clinical applications, with its highly efficient support
tools, will help Chinese clinicians analyze clinical data more efficiently, as well as enhance cost-of-care
evaluation, quality-of-care monitoring, and real-time control of the medical enterprise, with the ultimate
goal of cost reduction and provision of quality healthcare to the Chinese population at large,'' said Vu
Le, MD, President and CEO of CBCG.
Commenting on the agreement, Anthony C. Dike, MD, chairman & CEO of both Meridian Holdings,
Inc., and InterCare.com-dx, Inc., said, ``We are enthusiastic about our business relationship with
CBCG. By combining their extensive experience in the Chinese-speaking IT industry with their
knowledge of marketing, CBCG can greatly reduce the time-to-market for the enterprise version of
MedMaster(TM) suite of clinical applications in China. Because of the extreme IT market dynamics, it
is important to identify partners who can quickly get up to speed and have a fundamental understanding
of technology, markets and target groups.'' InterCare anticipates a substantial revenue stream from this
transaction upon completion of the conversion of the enterprise version of MedMaster(TM) to the
Chinese language.
About China Business Chain Group (CBCG)
Established in 2000, China Business Chain Group, LLC (CBCG) is a high- tech, web-marketing,
information technology and business information exchange company in the China Special Economic
Zone. CBCG specializes in business-to- business (B2B) E-marketplace on the Web with expertise in
businesses in China. CBCG's ChinaProjectsChain.com website is the largest, most comprehensive
project portal ever established to meet the global business community's need for reliable information
exchange on a wide range of projects in China. The company began as a large USA and China
business-consulting group and has a successful track record in China business advisory services.
CBCG currently has over 3,000 projects, 10,000 project-related companies and agencies online as well
as over 15,000 registered U.S. corporate members. Its successful involvement in China ranges from
small environmental projects to the Three Gorges Project, the largest project in the world. Visit the
company's website at chinabusinesschain.com.
About Meridian Holdings, Inc. and InterCare.com, Inc.
Meridian Holdings, Inc. is an acquisition-oriented business enterprise 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. The company's InterCare subsidiary
is an FDA-registered internet-based health care management software developer and solutions
provider. Visit Meridian's web site at www.meho.com and InterCare's web site at www.intercare.com.
NOTE: Statements in this news 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 Act of 1934 and are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and any amendments thereto. Material that is forward-looking may
contain statements about expected future events and/or financial results that are forward-looking in
nature. Editors and investors are cautioned that such forward-looking statements invoke risk and
uncertainties that may cause the company's results to differ from such forward-looking statements.
These include, but are not limited to, economic, competitive, governmental, technological and other
factors discussed in the statements and/or in the company's filings with the Securities and Exchange
Commission.
SOURCE: Meridian Holdings, Inc. |
