Meridian Corporate Communications
OTC Bulletin Board : MRDAF

Meridian Co., Ltd.
OTC Bulletin Board : MRDAF

Meridian Co., Ltd.

December 20, 2010 18:30 ET

Retransmission: Meridian Signs Exclusive Distribution Agreement for Japan Valued at $8 Million (USD) Over 5 Years

SEOUL, KOREA--(Marketwire - Dec. 20, 2010) - Meridian Co., Ltd. (OTCBB:MRDAF) is pleased to announce that it has signed an exclusive five-year distribution agreement for Japan with a Japanese distributor, MAKE Co., Ltd. that was established in September 1988, employs a staff of 28 people and has the website www.bs-make.com.

MAKE Co., Ltd. is the exclusive distributor of the Lapex 2000 BCS (LipoLaser) in Japan and will immediately market the product through its extensive sales channels. The Lapex 2000 BCS (LipoLaser) was designed to specifically address spot fat reduction (or inch loss) and aesthetic body contouring. 

MAKE Co., Ltd. has placed its first order and is committed to placing the following minimum orders:

  • 50 units in the first year;
  • 50 units in the second year; and
  • 100 units every subsequent year to August 2015

For further details on this agreement, please visit SEDAR at www.sedar.com.

Mr. Inb. Park, President of Meridian, comments, "We are delighted with the signed agreement, which brings us closer to achieving our Company strategy of growing global sales through broad distribution agreements."

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 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 2,000 clients including physicians, hospitals, clinics, healthcare professionals and wellness centers in Korea, USA, Canada, China, Japan and Europe, and continues to successfully market its superior product line to a growing number of clients worldwide.

On Behalf of the board of Directors,

Mr. Inb. Park, 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. The document is not intended to be and is not an advertisement for any securities of the Company.

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