Meridian Co., Ltd.
OTC Bulletin Board : MRDAF

Meridian Co., Ltd.

July 12, 2005 09:05 ET

Meridian Enters into a $6,000,000 Sales Contract for New Lipo-Laser Product

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 12, 2005) - Meridian Co., Ltd. ("Meridian") (OTCBB:MRDAF), is very pleased to announce it has entered into an exclusive distributorship agreement with a Korean medical equipment distributor, HealthTech Valley Co., Ltd. ("HealthTech") for its new product, the Lipo-Laser on June 30, 2005.

HealthTech has exclusive marketing and distributorship rights for the Lipo-Laser in Korea and has agreed to purchase US$6,000,000 of this product from Meridian as well as prepay US$500,000 within 45 days after signing the agreement.

HealthTech has launched a massive advertising campaign through three major national daily newspapers in Korea. HealthTech plans to extend its full-page advertisement to all national daily papers in July 2005.

Lipo-Laser is a modified version of the Lapex-2000 which recently received US FDA approval. The Lipo-Laser was developed specifically to target the growing obesity market. The product uses a multi-beam probe which irradiates a powerful red laser (635 - 680nm) on adipose (fat cell) tissue using a completely non-invasive method.

According to articles from American Society of Plastic Surgeons, when low level red laser irradiates adipose tissues, the fat cell contents can be liquefied and released from the cell membranes. In practice, plastic surgeons are using red laser irradiation during liposuction. This method has earned recognition that it effectively reduces surgery and recovery time, post surgery pain and bruising.

The Lipo-Laser's non-invasive treatment is considered one of the most innovative methods to liquefy adipose tissue, and the demand for this type of treatment is expected to grow rapidly, not only in the plastic surgery profession, but in any clinical setting that treats obesity, such as spas and wellness centers. Meridian applied for the patent for the Lipo-Laser probe in June, 2005.

Meridian, along with its U.S. subsidiary and North American corporate & distribution office, are extremely enthusiastic about the potential of this product and is looking forward to working with Healthtech.

ABOUT MERIDIAN

Meridian is an established leader in the research/development, manufacturing, and sales of integrative medical diagnostic equipment. The company sells its products and equipment to a wide array of customers in the global health care industry. The company presently holds a total of 18 worldwide patents on its technology, and has received FDA, as well as other international regulatory approvals for many of its products.

Meridian is committed to the ongoing global research and advancement of integrative medical products that contribute to the better health of humanity.


Contact Information

  • Meridian Medical Inc.
    Debbie Williams, President
    Meridian Co., Ltd. - North American Distribution Office
    1-877-738-8119