Meridian Holdings Announces That the Post-Effective Amended SB-2 Registration Statement of InterCare.com-dx Offering has Been Declared Effective By SEC, And the Repurchase of 250,000 Shares of Its Common Stock
LOS ANGELES, Sept. 11 /PRNewswire/ -- Meridian Holdings, Inc.(OTC Bulletin Board: MEHO), announced that its subsidiary, InterCare.com-dx,Inc. ("InterCare"), recently filed a post-effective amendment of its effective SB-2 Registration Statement that has been declared effective by United States Securities and Exchange Commission.
This amendment disclosed that InterCare (in association with Meridian Holdings, Inc.) has dissociated itself from the MedMaster(TM) product. The parties are jointly developing a new software product named InterCare Clinical
Explorer(TM) ("ICE"), which is scheduled to be released in the fourth quarter of 2001. The amendment also provided up-dated financial statements of InterCare.
The prospectus may be viewed online at www.intercare.com. To receive a hard copy of the prospectus, together with the subscription agreement, please contact our corporate offices at (213) 627-8878 or Fax your request along with
your contact information to (213) 627-9183. This and other periodic filings relating to the company and its business may be found on the internet at www.sec.gov.
All current subscribers to this offering who decide to withdraw their participation based on the current amendment will be provided with a seven-day written right of rescission.
This offering of shares of InterCare.com-dx, In is subject to the relevant securities laws of the states in which prospective shareholders reside or are domiciled and to the securities laws of such other states where other interested parties may reside or are domiciled. This announcement is
not an offer to sell or the solicitation of an offer to buy InterCare.com-dx, Inc.'s common stock, nor shall there be any sale thereof in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any state. Such offer will be made only through a prospectus, a copy of which is available from InterCare.com-dx, Inc.
Meridian also announced today that, pursuant to the stock repurchase program approved in March 2001 by the board of directors, it has repurchased 250,000 shares from its shareholders thus far.
"We are extremely excited about the prospects of our yet to be released software product -- ICE. This is an elaborate healthcare enterprise-wide software solution that we are developing to satisfy and expand upon software functionality, implementation and support needs of our customers. We are also continuing with the ramp-up process defined in our business plan and diligently evaluating new business opportunities in an effort to grow our healthcare services and technology business. We sincerely appreciate the patience and continued support of our shareholders as we strive to strengthen shareholder value through our stock repurchase program, in light of the current market condition," said Anthony C. Dike, MD, Chairman & CEO.
About Meridian Holdings, Inc. and InterCare.com-dx, Inc.
Meridian Holdings, Inc. is a Healthcare Services and Technology Company.
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.com-dx, Inc. subsidiary is an
FDA-registered internet-based health care management software developer and
solutions provider. For more information, visit Meridian's web site at
www.meho.com, 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. The company does not undertake to supplement or correct any
information in this release that is or becomes incorrect.
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SOURCE Meridian Holdings, Inc.
-0- 09/11/2001 R
/CONTACT: Anthony C. Dike, Chairman/CEO, +1-213-627-8878, or Alexandra
Campos, Investor Relations, +1-213-627-8878, ext. 110, both of Meridian
Holdings, Inc./
/Web site: intercare.com /
/Web site: meho.com / |
