Meridian Co., Ltd.: ABR-2000 Launch in US Market

2003-03-06 08:31 ET - News Release

    SEOUL, Korea--(BUSINESS WIRE)--March 6, 2003--Meridian Co., Ltd.
(OTC-BB:MRDAF): The Company is pleased to announce that Meridian
America Medical Inc., the Company's US subsidiary starts to sell
ABR-2000 (Autonomic Bioelectric Response Recorder) in the US market.
    The ABR-2000 is an automatic whole body-screening device used to
detect stress related problems and to identify that portion of the
human body which is experiencing a disturbance due to the stress. The
device traces autonomic bioelectric responses emanating from the
different areas of the body. The ABR-2000 received FDA (Food and Drug
Administration) approval August 29, 2002.
    By the end of August 2002, Meridian had sold a total of 197 of the
ABR-2000 units in Korea, 2.5 times more unit sales than occurred
during same period of last year. The company expects that this opening
of the US market for the ABR-2000 will result in sales of this product
to increase an even greater percentage than the sales increased over
the past quarter.
    The company also has received FDA approval for the company's
another medical health equipment products, the McPulse, which is used
for the measurement and analysis of PTG (Plethysmogram), and APG
(Accelerated Plethysmogram). The company expects to be ready to sell
the McPulse in the US market during the second half of the year 2003.
-0-
*T

Head Office                         U.S. Office
MERIDIAN CO., LTD.                  MERIDIAN AMERICA MEDICAL INC.
9Fl., Seoil Bldg. 222               11075 Knott Ave.
Jamsilbon-dong, Songpa-gu           Cypress CA  USA 90630
Seoul, Korea                        Tel: 714 889 3055
Tel: 822 2103 3300
*T

    This release contains "forward looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section 21B
of the Securities Exchange Act of 1934. Any statements that express or
involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, goals, assumptions or future
events or performance are not statements of historical fact and may be
"forward looking statements." Forward looking statements are based on
expectations, estimates and projections at the time the statements are
made that involve a number of risks and uncertainties which could
cause actual results or events to differ materially from those
presently anticipated.

    --30--AL/na*

    CONTACT: Meridian Co., Ltd.
             Craig Auringer, Toll Free: 1-866-802-1222
             Email: [email protected]

    KEYWORD: INTERNATIONAL CANADA ASIA PACIFIC
    INDUSTRY KEYWORD: MEDICAL DEVICES BIOTECHNOLOGY PRODUCT
    SOURCE: Meridian Co., Ltd.

Today's News On The Net - Business Wire's full file on the Internet
                          with Hyperlinks to your home page.
                          URL: http://www.businesswire.com

Copyright 2003, Business Wire