Securities and Exchange Commission
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): May 15, 2003
Commission File Number: 0-30018
MERIDIAN HOLDINGS, INC.
(Exact name of registrants specified in its charter)
COLORADO 52-2133742
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
900 Wilshire Avenue, Suite 500
Los Angeles, California 90017
(213) 627-8878 Fax: (213) 627-9183
(Address, Including Zip Code, And Telephone Number, Including Area Code,
Of Registrant's Principal Executive Offices)
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ITEM 1. Changes in Control of Registrant Not Applicable
ITEM 2. Acquisition or Disposition of Assets Not Applicable
ITEM 3. Bankruptcy or Receivership Not Applicable
ITEM 4. Changes in Registrant's Certifying Accountant Not Applicable
ITEM 5. Other Materially Important Events Not applicable
ITEM 6. Resignation of Registrant's Directors Not applicable
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED. (None)
(b) EXHIBITS.
ITEM 8: Change in Fiscal year Not Applicable
ITEM 9: Regulation FD Disclosure
On May 15, 2003, the registrant issued a press release announcing the
release of financial results for the period ended March 31, 2003
EXHIBIT ITEM. DESCRIPTION
------------ -------------
Exhibit 99.1 Copy of the Press Release of May 15, 2003 announcing the
release of financial results for the period ended March 31, 2003
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Meridian Holdings, Inc.
(Registrant)
Date: May 15, 2003 By:/s/ Anthony C. Dike
-------------------------
Anthony C. Dike
(Chairman, Chief Executive Officer)
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE: Wednesday, May 15, 2003
MERIDIAN HOLDINGS, INC, REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF
2003
Medical Services Revenue Increased by 45%
Los Angeles, May 15, 2003 Meridian Holdings, Inc. (OTC Bulletin Board: MRDH),
a health care services and technology company today announced financial and
operational results for the quarter ended March 31, 2003.
Medical services revenue increased by 45% from $610,832 in the first quarter
of 2002 to $885,950 in comparable period in 2003. The increase in medical
services revenue is attributed to increase in membership enrollments into
Capnet IPA Physician Network.
The Company also recorded a net loss from operations of $28,254 for the
period ended March 31, 2003, compared to net loss from operations of $38,196
during comparable period in 2002.
The following is the highlight of recent events that has occurred during the
first three months of 2003:
1. Held an annual shareholders meeting on March 8, 2003, during which all
the five members of the board of directors were re-elected.
2. The shareholders voted and approved the appointment of Mr. Andrew M.
Smith CPA, as its independent auditor for the year ended December 31,
2002.
3. The shareholders also voted, approved and rectified the 2003 incentive
stock option plan .
4. Shareholders of the Company also granted the board of directors the
discretion to, at any time prior to the next annual meeting, effect a
reverse split of the Company's common shares at an exchange ratio of 1
for 3, 1 for 5 or 1 for 10.
The entire text of the aforementioned report and other periodic filings may be
viewed via the Internet at the Securities and Exchange Commission's EDGAR
Database at www.sec.gov.
About Meridian Holdings, Inc.
Meridian Holdings, Inc. is a Healthcare Services and Technology Company.
Meridian's network of affiliated companies is designed to encourage maximum
leverage of information technology, operational excellence, industry expertise,
and synergistic business opportunities. 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 affiliated entities, including CGI Communications
Services, Inc. and InterCare DX, Inc. by visiting Meridian's web site at
www.meho.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: Alexandra Campos, Investor Relations
Meridian Holdings, Inc.
213-627-8878
www.meho.com
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