Meridian Co., Ltd.: ABR-2000 Launch in US Market
3/6/2003
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
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