EXHIBIT 99.1
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      Meridian Holdings Inc, Will File Form 15, Deregistering Common Stock

Los   Angeles,   Calif.,   October   30,   2008  -  Meridian   Holdings,   Inc..
(PINKSHEET:MRDH)  today  announced  that it  plans  to  file a Form 15 with  the
Securities and Exchange  Commission (SEC) within the next 30 days, to deregister
its common  stock and suspend its  reporting  obligations  under the  Securities
Exchange Act of 1934.  Meridian Holdings,  Inc.. expects that the deregistration
will become effective 90 days after the filing with the SEC.

To address shareholders' concerns,  additional details concerning this corporate
action, may be found in an 8-K filed with the Securities and Exchange Commission
and on the company's web site at www.meho.com.

Note Concerning Forward-Looking Statements

Forward-looking statements in this release are based on information available to
the  Company  as of the  date  of  this  release,  and the  Company  assumes  no
obligation  to  update  or revise  forward-looking  statements.  Forward-looking
statements are inherently uncertain, and the Company's actual results may differ
from  management's   expectations.   Risks  and  uncertainties  associated  with
forward-looking statements include, without limitation, the Company's ability to
obtain the funding  necessary to maintain  business  operations;  the  Company's
ability to hire and/or retain  qualified  management and operational  personnel;
and  the  Company's  ability  to  continue  executing  its  business  plan.  All
forward-looking  statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these cautionary statements.
Meridian Holdings, Inc. assumes no obligations to provide updates related to any
forward-looking information.

Source: Meridian Holdings, Inc.
Telephone: 310-242-5679