SOURCE: Meridian Holdings, Inc.

November 15, 2005 10:18 ET

/ CORRECTION - Meridian Holdings, Inc. Reports Third Quarter 2005 Financial Results

CULVER CITY, CA -- (MARKET WIRE) -- November 15, 2005 -- In the news release,"Meridian Holdings, Inc. Reports Third Quarter 2005 Financial Results," issued earlier today by Meridian Holdings, Inc. we are advised by the company that the ticker symbol for the company should be (OTC BB: MRDH) rather than (OTC BB: MEHO).

In addition, the fifth paragraph should read "Meridian Holdings, Inc. is a Healthcare Services and Technology Company. Meridian's network of affiliated companies is designed to encourage maximum leverage of information technology, operational excellence, industry expertise, and synergistic business opportunities. Meridian is committed to building shareholder value by positioning affiliated companies as independent business entities in which Meridian shareholders enjoy equity participation by visiting Meridian's web site at www.meho.com." rather than "Meridian Holdings, Inc. is a Healthcare Services and Technology Company. Meridian's network of affiliated companies is designed to encourage maximum leverage of information technology, operational excellence, industry expertise, and synergistic business opportunities. Meridian is committed to building shareholder value by positioning affiliated companies as independent business entities in which Meridian shareholders enjoy equity participation. Learn more about the company and its subsidiaries, including CGI Communications Services, Inc. and Intercare.com-dx, Inc. by visiting Meridian's web site at www.meho.com." as originally issued.

Complete corrected text follows.



Meridian Holdings, Inc. Reports Third Quarter 2005 Financial Results

CULVER CITY, CA -- 11/15/2005 -- Meridian Holdings, Inc. (OTC BB: MRDH), a health care services and technology company, today announced financial and operational results for the period ended September 30, 2005.

The Company disclosed a 2% revenue decrease from $457,663 for the three months ended September 30, 2004 to $444,310 for the three months ended September 30, 2005, and 1.6% revenue increase from $1,477,123 for the nine months ended September 30, 2004 to $1,501,079 for the nine months ended September 30, 2005.

The Company recorded a net income from operations for the three months ended September 30, 2005 of $78,358, compared to a net loss of $150,242 during comparable period in 2004.

Details of the above and all the other regulatory and financial filings can be downloaded at SEC website www.sec.gov.

About Meridian Holdings, Inc.

Meridian Holdings, Inc. is a Healthcare Services and Technology Company. Meridian's network of affiliated companies is designed to encourage maximum leverage of information technology, operational excellence, industry expertise, and synergistic business opportunities. Meridian is committed to building shareholder value by positioning affiliated companies as independent business entities in which Meridian shareholders enjoy equity participation by visiting Meridian's web site at www.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.

Contact Information

  • For Further Information:
    Anthony C. Dike
    (Chairman/CEO)
    Meridian Holdings, Inc.
    www.meho.com
    213-627-8878