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): November 17, 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 November 17, 2003, the registrant issued a press release announcing the
The release of third quarter 2003 financial results.
EXHIBIT ITEM. DESCRIPTION
------------ -------------
Exhibit 99.1 - Copy of the Press Release of November 17, 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: November 17, 2003 By:/s/ Anthony C. Dike
-------------------------
Anthony C. Dike
(Chairman, Chief Executive Officer)
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EXHIBIT 99.1
MERIDIAN HOLDINGS, INC, REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER OF
2003
LOS ANGELES, CALIF.- Meridian Holdings, Inc. (OTC Bulletin Board: MRDH),
announced today the timely filing of the company's quarterly report
to the Securities and Exchange Commission for the period ended September
30, 2003, on Form 10-QSB.
The Company recorded a profit from operations for the three months ended
September 30, 2003 of $68,798, on a revenue of $631,151, compared to a
profit of $34,464, on a revenue of $765,776, for the three months ended
September 30, 2002. The increase in net profit from operations is due to the
decrease in operating expenses, cost of medical claims paid and outside
consultants fees.
Medical services (Capitation) revenues decreased by 10% from $492,033 for
the three months ended September 30, 2002 to $ 444,006 for the three months
ended September 30, 2003, and increased by 6% from $1,323,347 for the nine
months ended September 30, 2002 to $1,399,039 for the nine months ended
September 30, 2003. The decrease in revenue for the three months ended
September 2003 is due to decreased in overall membership enrolment in the
Capnet IPA physician network.
Full text of the report may be viewed on the SEC'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.
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CONTACT: Anthony C. Dike
Meridian Holdings, Inc.
213-627-8878
www.meho.com
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