SOURCE: Meridian Holdings, Inc.

September 02, 2005 09:00 ET

Meridian Holdings, Inc. Declares a Dividend Distribution of CGI Communication Services, Inc. Common Stock

LOS ANGELES, CA -- (MARKET WIRE) -- September 2, 2005 -- Meridian Holdings, Inc. (OTC BB: MRDH), announced today that pursuant to the written consent of the board of directors of both Meridian Holdings, Inc, and CGI Communications Services, Inc., (OTC: CGIC) dated August 24, 2005, in which it was approved that Meridian Holdings, Inc., declare a dividend of shares of CGI Communications Services, Inc., Common Stock it owns, to each of its shareholders with the exception of all current and past officers, directors and affiliates, by transferring or causing to be issued one (1) share of the CGI Stock for every ten (10) shares of Meridian Holdings, Inc., common Stock held by each of such shareholder ("Dividends") of record as of September 26, 2005.

Both Meridian Holdings, Inc., and CGI Communications Services Stock Symbol remains the same.

"We wish to seize this opportunity to thank all our shareholders and wish them a happy Labor Day weekend," said Dike, Chairman and CEO.

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. Learn more about the company and its subsidiaries, by visiting Meridian's web site at www.meho.com.

About CGI Communications Services, Inc.

CGI Communications Services, Inc., provides comprehensive telemedicine and telecare solutions, supplying Medical Products, Telecommunications services and InterCare DX. Inc.'s (OTC BB: ICCO) ICE™ software (http://www.intercare.com). For more information, about our products and services, please visit our website at www.cgics.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

  • CONTACT:
    Anthony C. Dike, Chairman/CEO
    213-627-8878
    www.meho.com