U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING SEC FILE NUMBER
0-30018
CUSIP NUMBER
589636 10 9
[ ] Form 10-K [ ] Form 11 -K [X] Form 10-QSB [ ] Form N-SAR
For Period Ended: June 30, 2000
[ ] Transition Report on Form I0-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11 -K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: ______________________________________________
Read Attached lnstruction Sheet Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
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If the notification relates to a portion of the filing checked above,
identify the ltem(s) to which the notification relates:
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Part I - Registrant Information
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Full Name of Registrant: MERIDIAN HOLDINGS, INC.
Former Name if Applicable: __________________________________________
900 Wilshire Blvd., Suite 500
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Address of Principal Executive Office (Street and Number)
Los Angeles, CA, 90017
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City, State and Zip Code
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Part 11 - Rules 12b-25(b) and (c)
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If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b) [Paragraph 23,047L
the following should be completed. (Check box, if appropriate)
[x] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on Form
10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the fifteenth calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date, and [Amended in Release No. 34-26589 (Paragraph 72,435), effective April
12, 1989, 54 F.R. 10306.]
[ ] (c) The accountants statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
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Part III - Narrative
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State below in reasonable detail the reasons why the Form 10-K, 20-F, 11 -K,
I0-Q, NSAR, or the transition report or portion thereof could not be filed
within the prescribed time period. [Amended in Release No. 34-26589
(Paragraph 72,435), effective April 12, 1989, 54 F.R. 10306.]
The Company had several significant transactions during the most recent
quarter and due to delays in obtaining all of the details relating to these
transactions in order to determine the proper accounting treatment, the
Company has been unable to file the 10-QSB in a timely manner without
unreasonable efforts and expense.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
Anthony C. Dike 213 627-8878
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[X] Yes [.] No
If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
NARRATIVE AND QUALITATIVE EXPLANATION OF THE ANTICIPATED CHANGE
The results of operation for the quarter ended June 30, 2000 will show that the
Company generated revenues from operations of $751,315, compared to revenues
from operations of $351,947 during same period in 1999. This represents an
increase in revenues of 213%. This increase in revenue is attributed
to increase in enrolment of membership into Capnet IPA Network and sales
of Medmaster software program licenses.
The Company also expects to report an Operating expenses for the period
ending June 30, 2000 to be $234,135 compared to $115,706 during the same period
in 1999. This represents a 202% increase compared to the same period in
1999. This increase in operating expenses is attributed to hiring of additional
personnel and purchase of new software and equipment.
The Company expect to report a net income from operations of $403,126
during the three-month period ended June 30, 2000 compared to $71,122 during
the same period in 1999. This represents a 566% increase in net income. The
increase in net income is attributed to the increase in professional fees,
sale of MedMaster software, cost reduction and minimal use of outside
consultants
MERIDIAN HOLDINGS, INC.
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
By:/s/ Philip Falese August 14, 2000
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Philip Falese
Chief Financial Officer
