Meridian Co., Ltd.
OTC Bulletin Board : MRDAF

Meridian Co., Ltd.

June 12, 2007 09:00 ET

Meridian Signs $27 Million Contract and Received Deposit for First Order

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2007) - Meridian Co., Ltd. ("Meridian") (OTCBB:MRDAF), an industry leader in the research, development, manufacturing and sales of integrative medical equipment, is pleased to announce that it has signed a contract and has received a deposit of US $100,000 for the initial purchase order of the LAPEX 2000 LipoLaser from Bal-Sar Distribution LLC ("Bal-Sar").

"Bal-Sar" and "Meridian" agreed to an exclusive distribution contract for both the United Kingdom and South Africa under the affiliate SKIN REVISION (PTY) Ltd. Skin Revisions has committed to firm orders that equate to over $27 million over the next 3 years. Skin Revision is thrilled about launching the product in both the UK and South African markets this summer.

More About: LAPEX 2000 LipoLaser

The LAPEX 2000 LipoLaser was designed to target the medical and aesthetic market, specifically to address body shaping/contouring, spot fat reduction, and reduction in the appearance of cellulite. The LAPEX 2000 LipoLaser's non-invasive treatment is considered one of the most innovative methods to treat those stubborn areas of fat that do not respond to diet and exercise. The demand for this type of treatment is expected to grow rapidly, not only in the plastic surgery profession but also in any clinical setting such as spas and wellness centers that treat localized body fat deposits.

More About: Meridian

Meridian is an established 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 18 worldwide 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 1500 clients including physicians, hospitals, clinics, healthcare professionals, and wellness centers in North America, Asia, Europe, and Africa and continues to successfully market its superior product line to a growing number of clients worldwide.

More About: Skin Revisions

The company Skin Revision was founded seventeen years ago by Tracey Nathan who saw the need to provide skin care products that would reverse the signs of damage and aging of the skin and body. Tracey has never ceased in her endeavours to bring to Southern Africa, and now to the United Kingdom for the first time, a wide range of the most advanced cosmetology equipment, the latest breakthroughs in aesthetic medicine, the newest generation of professional, natural cosmetics, cosmeceuticals and nutriceuticals. Skin Revisions may be reached at info@skinrevision.co.za.

On Behalf of the Board of Directors, Hyeon Seong Myeong President

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.
    Peter Holeczek
    Corporate Communications
    1-866-736-3306