Meridian Holdings, Inc, Reports Financial Results For the Third Quarter of 2003 LOS ANGELES, Nov. 17 /PRNewswire-FirstCall/ -- Meridian Holdings, Inc. (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 http://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 http://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. DATASOURCE: Meridian Holdings, Inc. CONTACT: Anthony C. Dike of Meridian Holdings, Inc., +1-213-627-8878 Web site: http://www.meho.com/

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