July 27, 2006 NASD OTC-BB: MRDAF
Meridian to Attend AestheticMD Mesotherapy Conference Introducing
Meridian Co., Ltd. ("Meridian") (OTC BB:MRDAE.OB - News), announced today that it will be attending the AestheticMD Mesotherapy conference held July 28 and July 29, 2006 at the Wynn resort in Las Vegas, Nevada.
The mandate of the conference is to train physicians in the methods of Mesotherapy; Mesotherapy, pioneered in the 1950s by French physician Dr. Michel Pistor, is the painless injection of vitamins, minerals, medications, and amino acids placed just under the surface of the skin. Mesotherapy has a variety of applications including weight loss, cellulite reduction, face and neck rejuvenation, and hair re-growth. Therefore, the injected solution is individually prepared depending on its purpose. Unlike other medical treatments, Mesotherapy is administered directly to the desired area.
The significance of the conference for Meridian is that the Company will be able to demonstrate and feature its non-invasive solution to the large number of aesthetic improvement practitioners attending the conference for the further advancement of their skills and product lines marketed to consumers. Meridian's Lipo-Laser system recently applied via a 510 (k) submission for approval in the United States with the FDA and recently submitted a patent application under the auspices of the Patent Cooperation Treaty.
The Lipo-Laser was designed to target the aesthetic market, specifically to address body shaping/contouring, spot fat reduction, and reduction in the appearance of cellulite. The Lipo-Laser's non-invasive treatment is considered one of the most innovative methods to remove adipose fat tissue, and the demand for this type of treatment is expected to grow rapidly, not only in the plastic surgery profession but in any clinical setting such as spas and wellness centers that treat localized body fat deposits which may not have responded to diet and exercise.
Light-based treatments are now the mainstays of medical aesthetic practices. In 2004, over 26 million hair removal, skin rejuvenation, tattoo and pigmented lesion removal, acne reduction, vascular lesion and other treatments were performed. These treatments earned more than $8 billion for practitioners and almost $550 million for equipment manufacturers. By 2009, this is expected to grow to over 84 million treatments annually earning practitioners $13.9 billion and manufacturers nearly $1 billion.
Concurrent with the recent 510K submission to the FDA regarding acceptance in the US market, the submission of the patent application to the Patent Cooperation Treaty is an important milestone in advancing the Company's business plan to commercialize its proprietary products and enhance over all financial performance.
More About: Meridian
Meridian is an established leader in the research/development, manufacturing, and sales of integrative medical diagnostic equipment. The company sells its products and equipment to a wide array of customers in the global health care industry. The company presently holds a total of 18 worldwide patents on its technology, and has received FDA, as well as other international regulatory approvals for many of its products.
Meridian is committed to the ongoing global research and advancement of integrative medical products that contribute to the better health of humanity.
On Behalf of the Board of Directors,
Hyeon Seong Myeong, 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. This document is not intended to be and is not an advertisement for any securities of the company.
Contacts:
Contacts:
Belgium Medical Inc.
Tariq Tyab
1-877-738-8119
Belgium Medical Inc.
Peter Holeczek
1-866-736-3306
https://MeridianMedical.ca
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