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To: Theo who wrote (82147)	3/21/2001 8:54:14 AM
From: Joe Copia	Respond to of 150070

big news, imo. (COMTEX) B: Meridian Board of Directors Authorizes Stock Repurchase B: Meridian Board of Directors Authorizes Stock Repurchase LOS ANGELES, Mar 21, 2001 /PRNewswire via COMTEX/ -- Anthony C. Dike, Chairman and CEO of Meridian Holdings, Inc. (OTC Bulletin Board: MEHO), announced todaythat the company's board of directors has authorized the repurchase from time to time in the open market of up to 5,000,000 shares of the company's 93,986,485 shares of common stock. The period of this repurchase authorization is one year, commencing March 19, 2001. An 8-K relating to this authorization was filed with the Securities and Exchange Commission on March 20, 2001. This and otherperiodic filings relating to the company and its business may be found on the internet at www.sec.gov. "Having thoughtfully considered current market conditions and the company's capitalization needs, members of the board are united in their belief that it is in the best interest of the company and its shareholders to initiate a buy backeffort at this time," said Dike. About Meridian Holdings, 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. Visit Meridian's web site at meho.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. CONTACT: Anthony C. Dike, Chairman/CEO of Meridian Holdings, Inc., 213-627-8878; or Madeleine Franco of Jordan Richard Assoc., 8 1-268-8610, ir@jordanrichard.com, for Meridian Holdings, Inc. URL: meho.com