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Prospector
Profile
07.1151
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| Meridian Company Ltd. |
NAICS |
339100 |
| 3F, Poonglim Tech-one B/D, 273-10, Seongsu-Dong 2ga, Seongdong-Gu
Seoul, Korea 133-120 |
Description |
Medical Equipment Mfg. |
| 82-2-2103-3300 |
Employees |
0 |
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Revenue |
(mil) |
1.6410 |
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Income |
(mil) |
-0.3490 |
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Assets |
(mil) |
1.0430 |
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Liability |
(mil) |
9.7520 |
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(for the year ended 2006-12-31) |
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Category:
Audit Concerns
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Event:
Choi Kim & Park LLP expressed substantial doubt on the ability of Meridian Company Ltd. to continue as a going concern after auditing its financial statements. The auditor notes that the Company has suffered recurring losses and negative cash flows from operations since inception and has current liabilities which significantly exceed its current assets.
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Intellectual Property:
The Company has five registered and pending patents, two design rights and seven trademarks at the Korea Industrial Property Office. The Company also has one pending patent under the Patent Cooperation Treaty as well as in the United States and Japan. The patents relate to Diagnostic device using the electric features of the human body, Automatic detection of meridians by probe device, Pulse formation analysis device, Laser beam irradiation device, Adipose Resolve Apparatus for Low-Power LASER. The Company's trademarks include BRIEF, BRD, Lapex, Biomeridian, Pulsecare, Mcview and Meridian CI Logo. [SEC Filing 20-F 07-13-07]
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Description:
Meridian Company is engaged in the research/development, manufacturing and sales of integrative medical diagnostic equipment.
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Officers:
Hyeon Seong Myeong (Pres., CEO & Dir.); In Beom Park (Gen. Manager & Dir.); Soon Woong Jang (Dir.)
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Auditor:
Choi Kim & Park LLP
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Securities:
Common Stock-Symbol MRDAF.OB; OTC BB;
31,393,984 common shares outstanding as of December 31, 2006.
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