Meridian-Corporate Update (CCN)
9/21/2004
Meridian-Corporate UpdateVANCOUVER, BRITISH COLUMBIA, Sep 21, 2004 (CCNMatthews via COMTEX) --Meridian Co. Ltd. ("Meridian") (OTC BB: MRDAF), would like the opportunity to inform its shareholders of the updates and progress of Meridian to date. Meridian Co. Ltd. - Seoul, Korea Mr. Myeong, President and CEO of Meridian received a prestigious Recognition Award from The Korea Institute of Oriental Medical Diagnostics for his contribution to the medical diagnostic industry. The Institute strongly agreed that Mr. Myeong's long time commitment to the research and development of state-of-the-art medical diagnostic products that focus on prevention is highly commendable. In other news, Meridian invited Dr. Kim, a renowned Neuropsychiatrist and Director of a major health clinic in Korea, to hold a medical seminar at the 19th Annual Korean International Medical Clinical Laboratories & Hospital Equipment Show. This show is the largest and longest-running medical equipment show in Southeast Asia. Dr. Kim's seminar demonstrated the use of laser acupuncture. Meridian's Lapex-2000, which uses low-level laser therapy, was used in the demonstration attended by doctors and Neuropsychiatrists. The audience showed great interest in the presentation of Meridian's product. Meridian America Medical Inc. ("MAMI") - Cypress, CA MAMI's sales for the first and second quarters of 2004 were US$182,200 with business steadily increasing through July and August, 2004. The estimated sales for 2004 are between US$750,000 and $1,000,000. The predominant focus of MAMI's market is the Korean speaking population in California, but will gain tremendous exposure through Belgium Medical Inc. ("MMI") which is targeting the entire North American market. The FDA approval for the LAPEX-2000, a low-level laser therapeutic device, is expected this month. Based on the interest shown to date, the LAPEX-2000 is anticipated to be a major revenue product for Meridian. In addition, MAMI has commenced its market analysis for its new obesity treatment machine - the Venus 21C. This product has received manufacturing approval in Korea, and an FDA application will be submitted by MAMI upon completion of market analysis. Belgium Medical Inc. ("MMI") - Vancouver, BC, Canada Meridian's subsidiary, MMI, has opened its new office in Vancouver, British Columbia. The new office information is as follows: 2150 West Broadway - Suite 306, Vancouver, BC, Canada - V6K 4L9 Phone: 604-738-8119 Fax: 604-738-8117 Toll Free: 1-877-738-8119 Email: [email protected] Website: meridianmedical.ca MMI is actively launching its North American marketing campaign through trade shows, medical distributors, test studies and mail outs. On September 9 to 11, 2004, MMI attended the 19th Annual American Association of Naturopathic Physicians Convention and Exposition, in Seattle Washington. MMI's exhibit was well attended by recognized leaders of the wellness community. Initial orders were placed for the Digital Pulse Analyzer, with MMI also forming strategic alliances, which are projected to generate even more interest in Meridian's products. 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. Website (Korean): www.meridian.co.kr Website (North America): meridianmedical.ca Lexington Communications Larry Kristof (877) 899-4550 Email: [email protected] NEWS RELEASE TRANSMITTED BY CCNMatthews
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