Meridian Co., Ltd.
OTC Bulletin Board : MRDAF

Meridian Co., Ltd.

June 26, 2008 08:30 ET

Meridian Co., Ltd. Expands Distribution of the Lapex 2000 LipoLaser to Latin America

Company Enters Exclusive Three-Year Distribution Agreement For Non-Invasive Treatment For Spot Fat Reduction And Inch Loss

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 26, 2008) - Meridian Co., Ltd. (OTCBB:MRDAF) (http://www.meridianmedical.ca), a company engaged in the research, development, manufacturing, and sales of advanced medical devices, has signed an Exclusive Distribution Contract with International Medical Systems (IMS) for the Lapex 2000 LipoLaser in Latin America.

According to the agreement, IMS will have the exclusive right to sell the Lapex 2000 LipoLaser in the following countries during the first Phase of the contract: Brazil, Venezuela, Chile, Argentina, Uruguay, and Paraguay. The first year of the contract is based on projected sales of over $2.5 million. Year two of the contract includes territory expansion to include, Central America, the Caribbean, Bolivia, Ecuador, and Peru with projected sales of over 3 million dollars. The third year of the contract, including all territory outlined above has projected sales of over 4 million. The initial contract is based on a purchase order of $135,000.

"We are excited about launching the Lapex 2000 Lipolaser aesthetic device into the Latin American Market," commented Mr. Juan C. Torres, president and Co-Founder of International Medical Systems, Inc. "We believe that our projections are relatively conservative as the Latin American market is ready for a completely non-invasive approach to spot fat reduction. This innovative technology combined with the current demand for less painful body contouring, presents a unique opportunity with clear advantages in the market."

Mr. Torres brings with him over twelve years of experience in launching medical products into new international markets. His team's expertise includes market assessment, product and market identification, and market development & management.

Meridian looks forward to launching their product line in conjunction with IMS at the International Congress of Medicine and Cosmetics in Buenos Aires, Argentina, this summer.

More about International Medical Systems

International Medical Systems is a Company dedicated to offering quality products and reliable service. Our product range continues to expand and adapt as market trends and client needs change. We are continuously looking for cutting edge technology that provides our customers the advantages needed to excel in the market place. Our unique service and marketing guidance allows us to make a distinctive and substantial impact for our client's practices. Our expertise includes market assessment, product & market identification, product launch, market development and management.

About Meridian Co., Ltd.

Meridian is a leader in the research/development, manufacturing and sales of advanced medical devices in the healthcare industry. With a dynamic research and development team, Meridian is at the forefront in the development of cutting edge medical technologies. The Company presently holds a total of 5 patents on its technology, and has received FDA approval and Health Canada approval as well as other international regulatory approvals, for many of its products. Meridian has over 2000 clients including physicians, hospitals, clinics, healthcare professionals, and wellness centers in Korea, USA, Canada, China, Japan and Europe. Meridian continues to successfully market its superior product line to a growing number of clients worldwide.

Safe Harbor Statement

This press release may contain certain forward-looking information and statements concerning the company's operations, performance and financial condition. These statements are based upon a number of uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. This document is not intended to be and is not an advertisement for any securities of the Company.

Contact Information

  • Meridian Co., Ltd.
    1-877-738-8119
    Website: www.meridianmedical.ca
    or
    The Investor Relations Group
    Erika Moran/Tom Caden
    (212) 825-3210
    or
    The Investor Relations Group
    Steven Melfi/Lynn Granito
    Public Relations
    (212) 825-3210