UNITED  STATES
                       SECURITIES  AND  EXCHANGE  COMMISSION

                           WASHINGTON,  D.  C.  20549

                              FORM  10-QSB
                           Amendment Number 1
(  X )    QUARTERLY  REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
          EXCHANGE  ACT  OF  1934

               For  the  Quarterly  Period  Ended          September  30,  2005

(   )     TRANSITION  REPORT  PURSUANT  TO SECTION 13 OR 15(d) OF THE SECURITIES
          EXCHANGE  ACT  OF  1934

               For  the  Transition  Period  From  ___________  to  ____________


                        COMMISSION  FILE  NUMBER:   0-30018


                              MERIDIAN  HOLDINGS,INC.
                              ----------------------
             (Exact  Name  of  Registrant  as  Specified  in  its  Charter)

              COLORADO                                   52-2133742
    -------------------------------               ------------------------
    (State  of  Other  Jurisdiction  of                  (I.R.S.  Employer
    Incorporation  or  Organization)               Identification  Number)

        6201  Bristol Parkway,  Culver City,  California 90230
        ----------------------------------------------------------------
                    (Address  of  Principal  Executive  Offices)

                                 (213)  627-8878
        ----------------------------------------------------------------
              (Registrant's  telephone  number,  including  area  code)

                                       N/A
        ----------------------------------------------------------------
    (Former  name,  former address and formal fiscal year, if changed since last
                                     report)


Indicate  by  check  mark  whether  the  Registrant  (1)  has  filed all reports
required  to  be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934  during  the  preceding  12 months and, (2) has been subject to such filing
requirements  for  the  past  90  days.     Yes  (  X  )   No   (    )

As of September 30, 2005, Meridian Holdings, Inc., Registrant  had  18,120,200
shares  of  its  $0.001  par  value  common  stock  outstanding, with a total
market value of $1,812,020.










                                       Page  1 of 12 sequentially numbered pages
                                                                     Form 10-QSB
                                                              Third Quarter 2005
                            MERIDIAN  HOLDINGS,  INC.

                                      INDEX
<TABLE>
<CAPTION>

                                                                               PAGE
                                                                               ----
<S>                                                                          <C>
PART  I.  FINANCIAL INFORMATION

          Condensed Consolidated Balance Sheets                                    3

          Condensed Consolidated Statements of Operations                          4

          Condensed Consolidated Statements of Cash Flows                          5

          Notes to Condensed Consolidated Financial Statements                   6-8

          Management's Discussion and Analysis of Financial Condition
          and Results of Operations                                             9-12

PART II   OTHER INFORMATION
          Legal Proceedings                                                       12
          Additional Information                                                  12
          Signature                                                               12
          Exhibits                                                             13-14
</TABLE>





































                                       2
<PAGE>
                              MERIDIAN  HOLDINGS,  INC.
                       Condensed Consolidated Balance Sheets
                                   (Unaudited)

<TABLE>
<CAPTION>
ASSETS
                                         As of September 30,          December 31
                                                    2005                2004
                                                                      (Restated)
                                                   ==========         ==========
<S>                                                 <C>             <C>
Current assets
Cash and cash equivalents                       $   132,974           $  173,628
Restricted cash                                      94,942              217,283
Accounts receivable, net of allowance for
doubtful accounts of $282,896 and $198,813
respectively                                      2,344,893             1,645,838
Other current assets                                  8,302                11,420
                                                ------------      --------------
Total current assets                              2,581,111             2,048,170

Fixed assets, net of accumulated depreciation        20,650                33,944

Investments                                       3,424,997             3,424,997
                                                 -----------          -----------
 Total assets                                   $ 6,026,758           $ 5,507,111
                                                  ==========          ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accrued Expense                                    331,467               299,504
Reserve for incurred but not reported claims        55,738               201,311
Line of credit                                      62,741                50,263
Current portion of long term debt                    4,465                 4,117
                                                  ------------         ----------
    Total current liabilities                      675,368                555,195

Long Term liabilities
    Long-term debt                                 359,475                391,821
                                                   ---------           ----------
    Total liabilities                            1,034,843                947,016
                                                   ---------           ----------
Commitments and contingencies

Stockholders' equity
Preferred stock (20,000,000 shares authorized,
par value $0.001; no shares issued and                   -                     -
outstanding)   Common stock (100,000,000 shares
authorized, par value $0.001; 18,120,200 shares
issued and outstanding at September 30, 2005
and 14,370,200 as at  December 31, 2004
respectively)                                       18,120                14,370
Additional paid-in capital                       5,526,760             5,526,760
Accumulated deficit                               (552,966)             (981,035)
                                                -------------      -------------
   Total stockholders' equity                    4,991,914             4,560,095
                                                -------------       ------------
   Total liabilities and stockholders' equity  $ 6,026,758           $ 5,507,111
                                                ============        ============
</TABLE>



See accompanying notes to  Condensed consolidated financial statements

                                       3
<PAGE>
                        MERIDIAN  HOLDINGS,  INC.
             Condensed Consolidated Statements of Operations
                                (UNAUDITED)
<TABLE>
<CAPTION>
                            Three Months Ended Sept 30,  Nine Months Ended Sept 30,
                             2005             2004           2005          2004
                                            (Restated)                   (Restated)
                            =====             ====           ======         ======
<S>                        <C>             <C>            <C>           <C>
Revenues
 HMO Capitation Revenue    $   54,646        $ 290,495     $  384,125       $ 991,316
 Risk Pool Revenue (Note7)     50,986          113,099        230,664         429,932
 Fee For Service              338,678           54,070        886,290          55,875
                            --------      ----------      -----------       ---------
                              444,310          457,664      1,501,079       1,477,123

General Operating expenses

 Cost of Provider Services     10,514         136,616         284,118         528,989
 General and Administrative   348,455         466,116       1,073,263       1,287,738
                             --------       --------        ----------        -------
(Loss)/Income from operations) 85,341        (145,068)        143,698       (339,604)
                             --------       --------       ----------        -------

Other income and (expense)

Stock option issued                  -             -               -        (500,000)
 Other net                     (2,654)         (5,173)        (16,916)       (10,342)
                             --------       ---------      -------------     --------
 Net Other                     (2,654)         (5,173)        (16,916)      (510,342)
                             --------      -----------    -------------     ----------

 Net Income                    82,718        (150,241)        126,781       (849,946)
                             --------       ----------     -----------      ------------


Earnings per share:

                            $  0.005         $( 0.01)        $ 0.008         $ ( 0.07)

                            ==========     ==========      ==========      ==========
Weighted average
shares outstanding         15,203,533      11,870,200      15,203,533      11,870,200


</TABLE>

















See accompanying notes to Condensed consolidated financial statements
                                       4
<PAGE>
                       MERIDIAN  HOLDINGS,  INC.
            Condensed Consolidated Statements of Cash Flows
                              (UNAUDITED)

<TABLE>
<CAPTION>
                                 Nine Months Ended September 30,   Three Months Ended September 30
                                                 2005          2004         2005           2004
                                                             (restated)               (restated)
                                                 ======      ======      =======       ==========
<S>                                         <C>           <C>           <C>          <C>
Cash flows from operating activities
  Net income/(loss)                               $ 126,781     (849,946)   $ 78,358     (150,242)
  Adjustments to reconcile net Loss/income
  to net cash used in operating activities:
  Stock Option issued                                    -                  -                   -
  Depreciation and amortization                      13,294       13,570         4,013      4,662
  (Increase) decrease in:
         Accounts receivable                       (695,937)    (197,639)    (347,335)    (65,878)
         Other current liabilities                 ( 10,345)          -      ( 16,828)     36,349
         Accounts payable                           234,806       (6,634)     198,876     ( 8,573)
         Accrued expense                            101,425       93,363                        -
         Incurred but not reported reserve         (145,573)      59,785           -           -
                                                    ---------   ---------    --------     -------
Net cash used in operating activities              (375,549)    (887,501)    ( 83,316)   (183,682)

Cash flow from investing activities
   Acquisition of fixed assets                            0       (8,918)           0           -
                                                    ----------     ---------     ------  --------
Net cash used in investing activities                     0       (8,918)           0           -
                                                     ----------     ---------  --------   -------
Cash flow from financing activities
   Borrowings from majority stockholder/officer       8,700       34,433      10,050       7,781
   Repayment on long-term debt                      (95,268)                  -
   Long Term Debt                                                120,863    (261,800)     26,721
   Repayment on line of credit                      (11,784)
   Repayment of shareholder loan                                       -            -           -
   Proceed from the sale of common stock            306,146      495,000      296,250           -
                                                    --------   ---------    -------       -------
Net cash (used in) provided by financing activities 209,578      650,295       44,500      34,502
                                                    ---------    ---------   --------     -------
Increase/(Decrease) in cash and cash equivalents   (165,971)   (246,123)      (38,816)   (149,180)

Cash and cash equivalents, beginning of period      390,912      282,462      263,357     185,517
                                                   ---------     -------      -----       ------
Cash and cash equivalents, end of period          $ 224,941       36,338      224,941      36,337
                                                    =========   ========     =======      ========

Supplemental Disclosure of non-cash investing and financing activities
                          Stock Issued             3,750,000     500,000    3,750,000      500,000
</TABLE>

















See accompanying notes to Condensed consolidated financial statements
                                       5
<PAGE>
                            MERIDIAN  HOLDINGS,  INC.

                   Notes  to Condensed Consolidated  Financial  Statements
1.     General

Basis  of  Reporting

The  interim  accompanying unaudited condensed consolidated financial statements
have   been   prepared   in   accordance   with  generally  accepted  accounting
principles   ("GAAP")   for   interim   financial   information   and  with  the
instructions  to  Form  10-QSB.  Accordingly,  they  do  not  include all of the
information and footnotes required by  GAAP  for  complete financial statements.
In  the opinion of management, all adjustments  (consisting of normal, recurring
accruals)  considered  necessary for a  fair  presentation  have  been included.
For  further  information,  management  suggests  that  the  reader refer to the
audited  financial  statements  for the year ended December 31, 2004 included in
its  Annual  Report  on   Form  10-KSB. Operating  results  for  the  nine-month
period ended September 30, 2005 are not necessarily indicative of the results of
operations  that  may  be  expected  for  the  year  ending December  31,  2005.

Cash  And  Cash  Equivalents

The  Company considers all highly liquid investments with original maturities of
three  months  or  less  to  be cash equivalents.

Nature  of  Operations

Meridian  Holdings,  Inc. (the "Company") was incorporated under the laws of the
State  of  Colorado on October 13, 1998.  The Company is located in Culver City,
California, U.S.A. and contracts with physicians to provide healthcare  services
primarily  within  the  area  of  Los  Angeles  County.

The  Company  is  an  acquisition-oriented  holding company focused on building,
operating, and managing a portfolio of business-to-business companies.  It seeks
to acquire majority or controlling interests in companies engaged in e-commerce,
e-communication,  and  e-business services, which will allow the holding company
to  actively participate in management, operations, and finances.  The Company's
network  of  affiliated  companies  is designed to encourage maximum leverage of
information  technology,   operational   excellence,   industry  expertise,  and
synergistic  business  opportunity.

2.    Investments

                                       CGI

On December 10, 1999, the Company agreed to acquire a 20% equity interest in CGI
for  common  stock.  On December 20, 1999, the board of directors authorized the
issuance  of  4,000,000  pre-split (adjusted to 12,000,000 post-split) shares of
common  stock  in consideration for the 20% of the interest in CGI.  At the date
of  the  transaction,  the  Company's  shares opened at a price of $3 per share.
Between  September  1,  1999  and the acquisition date, the Company's stock sold
within  a  range  of  $.25  to  $3.25  per share (an average of $.97 per share).
Because of the limited trading history of the Company, the six-month average was
deemed  to  be  a  fair  valuation  of  the  transaction,  resulting  in a total
investment  balance  of  $3,880,000  as  of  December  31,  2000  and 1999.  The
shareholders  of  CGI  were  also  issued  warrants  to  purchase  an additional
1,000,000 pre-split (adjusted to 3,000,000 post-split) shares of common stock at
$2  pre-split  share  (or  approximately  $0.67  on  a  post-split basis) over a
five-year  period  as  a hedge against any fluctuation of the share price of the
common  stock  in  the immediate future.  These warrants will expire on December
30,  2004.

On September 2, 2005,  Meridian  Holdings,  Inc, announced that pursuant to the
written consent of the board of directors of both Meridian  Holdings, Inc,  and
CGI Communications  Services, Inc., (OTC: CGIC) dated August 24, 2005, in which
                                       6
<PAGE>
it was approved that Meridian Holdings, Inc., declare a  dividend  of shares of
CGI  Communications  Services, Inc.,  Common  Stock  it  owns,  to  each of its
shareholders with the exception of all current and past officers, directors and
affiliates, by transferring or causing to  be  issued  one (1) share of the CGI
Stock for every ten (10) shares of Meridian Holdings, Inc., common  Stock  held
by  each  of such shareholder ("Dividends") of record as of September 26, 2005.
Since  this  event occurred close to the end of third  quarter, 2005,  and  the
delivery  of  shares  to the shareholders of the registrant  continued into the
forth  quarter  of  2005, its  impact  on  the  registrants' investment in  CGI
Communications, Inc., has  not  been  reflected  in the balance sheet or income
Statement as of September 30, 2005, until  the  registrant  receives  the final
tally  of  the  share   holder  list  and  reconciliation  of  the  issued  CGI
Communications Services, Inc., shares from the transfer agent.

3.     Fixed  Assets

Fixed assets consist of the following:
<TABLE>
<CAPTION>
                                            As of
                                           Sept 30, 2005   September 30,2004
<S>                                      <C>                    <C>
Computer equipment                         $ 111,155             $ 111,155
Leasehold improvements                         6,500                 6,500
Office furniture, fixtures and equipment      61,915                61,915
Software                                      25,803                25,803
Medical equipment                              6,654                 6,654

                                             --------              -------
                                             212,027              212,027
Less accumulated depreciation               (191,377)            (173,421)
                                            ---------             --------
                                           $  20,650            $  38,606
                                            =========            ==========
</TABLE>
4.     Line  of  Credit

The Company has a $50,000 line of credit with a financial institution.  Related
advances  bear  interest at  11%, and interest is payable monthly.  The line of
credit  expires  March  21,  2006

5.     Long-term  Debt

The  Company  has  various  loans  with  financial  institutions  and  majority
shareholder,  with  interest  rates  ranging  from  4%  to  15%  and  maturity
dates ranging  from  2015  to  2024.

6.     Risk  Pool  Agreement

The  Company  is  a  party  to  a  Risk  Pool  Agreement  (the "Agreement") with
Tenet HealthSystem Hospitals, Inc. ("Tenet").  Pursuant to the Agreement, 50% of
the monthly  capitation revenue is received directly  by  the  Company,  and the
remaining  50%  is  deposited  into  an escrow account from which Cap-Management
Systems,  Inc.,  a   subsidiary   of  Tenet  pays  all  facility related  claims
expenses,  reinsurance  expenses,  make   allowance   for  IBNR   reserve,   and
retains  a management fee,  the  Company  is   responsible  for  50%  of  Profit
(loss) after all institutional claims reinsurance and management  fees are paid,
and Incurred But Not Reported ("IBNR")  reserve  have  been  accounted  for.

These   revenues   and   expenses  have   been reflected  in  the accompanying
consolidated  statements   of  operations  for  the  for   the  quarters  ended
September  30,  2005  and  2004 respectively..

The Company has also reflected the monies in the escrow account as of September
30, 2005  and   September  30, 2004 as  restricted  cash  in  the  accompanying
                                       7
<PAGE>
Consolidated   balance  sheets.  Additionally,  Cap-Management  Systems,  Inc.,
provides the Company  with  an estimate as to  the  incurred  but  not reported
reserve, which has  been  recorded  as  such  in  the accompanying consolidated
balance sheets.

Related party Transaction

On  August 5, 2005  the  board  of  directors  of  the registrant  approved the
issuance of 3,750,000 restricted shares of  common stock  with  a  fair  market
value of 0.08 cents per share as of date of issuance,  to  Anthony C. Dike, our
Chairman/CEO,  exchange  for  forgiveness  of $300,000  debt owed to him by the
registrant.

7.  Judgment Receivable

On January 8, 2004, a default judgment was entered  in favor of the registrant,
by the Los Angeles County Superior Court in a  case titled  Meridian  Holdings,
Inc. versus Sirius Technologies of America, a Delaware Corporation  Case Number
BC256860. The amount of the judgment including damages, court cost and punitive
damages are $30,687,926,  with a  pre-judgment  interest  at the annual rate of
10%. This amount and potential interest is not  reflected in the  balance sheet
and the income  statement.

Other Events

On  October 4, 2005, Tenet HealthSystem Hospitals, Inc,  (Tenet) announced that
it has entered  into  an  agreement  to  sell  Community & Mission Hospitals of
Huntington  Park  in  Huntington  Park, Calif., to Karykeion, Inc., a privately
held Corporation. These are two  of the  hospitals contracted  with  CAPNET IPA
and County of Los Angeles Community Health Plan . This transaction is  expected
to  close  within the next several months. Subsequently,  Capnet  IPA will seek
for a  delegation  and  assignment of the contract with TENET to the new owners
upon completion of this transaction.
































                                       8
<PAGE>
                          MERIDIAN  HOLDINGS,  INC.

THE  COMPANY

Meridian  Holdings,  Inc. (the "Company") was incorporated under the laws of the
State  of  Colorado  on October 13, 1998. The Company is located in Culver City,
California, U.S.A. and contracts with physicians to provide health care services
primarily  within  the  area  of  Los  Angeles  County.

The  Company  is  an  acquisition-oriented  holding company focused on building,
operating, and managing a portfolio of business-to-business companies.  It seeks
to acquire majority or controlling interests in companies engaged in e-commerce,
e-communication,  and  e-business services, which will allow the holding company
to  actively participate in management, operations, and finances.  The Company's
network  of  affiliated  companies  is designed to encourage maximum leverage of
information   technology,  operational  excellence,  industry   expertise,   and
synergistic  business  opportunity.

SELECTED  FINANCIAL  DATA

The  Company had  net  working  capital of  $ 1,905,551 as at September 30, 2005
compared to $ 1,009,341 as  of December 30, 2004. This  represents  an  increase
in working capital of 53%. This increase in working capital  is  due to increase
in account receivable, net allowance for doubtful  accounts, as well as decrease
in current liabilities.

The  selected  financial data set forth above should be read in conjunction with
"Management's  Discussion  and  Analysis  of  Financial Condition and Results of
Operations"  and  the  consolidated  financial  statements  and  notes  thereto.

Item 2   MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION AND
RESULTS OF OPERATIONS:

The following section contains forward-looking statements that involve risks and
uncertainties,  including  those  referring  to the period of time the Company's
existing  capital  resources  will  meet the Company's future capital needs, the
Company's future operating results, the market acceptance of the services of the
Company, the  Company's  efforts  to  develop new products and services, and the
Company's  planned  investment  in  the  marketing  of  its current services and
research  and  development   with  regard  to  future endeavors.  The  Company's
actual   results  could  differ  materially  from  those  anticipated  in  these
forward-looking  statements  as a result of certain factors, including: domestic
and  global  economic  patterns  and  trends.

LIQUIDITY  AND  CAPITAL  RESOURCES  OF  THE  COMPANY.

We  believe that we will be able to fund our capital commitments, operating cash
requirements  and  satisfy our obligations as they become due from a combination
of  cash  on  hand,  restricted  cash  as  they  become  available, and expected
operating  cash  flow  improvements  through  HMO  premium  increases as well as
royalties  from  software  licensing.

However,  there  can  be  no  assurances  that  these  sources  of funds will be
sufficient  to  fund  our  operations and satisfy our obligations as they become
due.

Long-term   cash   requirements,  other  than  normal  operating  expenses,  are
anticipated  for the continued development of the Company's business plans.  The
Company  will need to raise additional funds from investors in order to complete
these  business plans.

If  we   need   additional   capital  to  fund  our  operations,  there  can  be
no  assurance that such additional capital can be obtained or, if obtained, that
it  will be on terms acceptable to us. The incurring or assumption of additional
indebtedness could result in the issuance of additional equity and/or debt which
                                       9
<PAGE>
could have a dilutive effect on current shareholders and a significant effect on
our  operations.

RESULTS  OF  OPERATIONS

THE  FINANCIAL  RESULTS  DISCUSSED  BELOW  RELATE  TO  THE OPERATION OF MERIDIAN
HOLDINGS FOR THE THREE MONTHS ENDED AND  NINE MONTHS ENDED SEPTEMBER 30, 2005 AS
COMPARED TO THE THREE MONTHS ENDED AND  NINE  MONTHS  ENDED  SEPTEMBER 30, 2004.

REVENUE

Medical services revenues decreased  by  2%  from  $457,663 for the three months
ended September 30, 2004 to $ 444,310 for  the  three months ended September 30,
2005, and increased by 1.6% from $1,477,123 for the nine months ended September
30,  2004  to  $1,501,079  for  the  nine  months ended September 30, 2005. The
increase in revenue for the nine months ended September 2005, is due to increase
in fee for service revenue.

Risk  pool   revenue  for  the  three  months   ended  September  30,  2004  was
$50,986, a decrease  of  55% compared to  $113,099 for the  same period in 2004.
For the nine months ended September 30, 2005,  risk  pool  revenue was $230,644,
a decrease of 46 %  compared  to $ 429,932  for  the  nine month ended September
30, 2004. The decrease in risk pool revenue for the three and  nine months ended
September 2005  was  due  to  decrease in membership enrolment, with concomitant
increase in claims expense, non renewal of Hospital Contract  between the County
of  Los  Angeles  Department  of  Health  Services  Community  Health Plan (CHP)
and Tenet Health Systems.

Capitation  revenues  from our  CHP contract  decreased  by  81%  from $290,495
for the three  months  ended   September  30,  2004 to $ 54,646  for  the  three
months  ended  September  30,  2005,  and  by  61% from  $ 991,316  for the nine
months  ended  September  30, 2004  to  $ 384,125  for  the  nine  months  ended
September 30, 2005. The decrease in capitation revenue  was  due  in part to the
termination of some of our Managed care contracts with CHP, delay in procuring a
replacement  contracts for the new  hospital owners,  dis-enrollment of members,
and increased withholding of our capitation fees by CHP. Management is  pursuing
all its available options to mitigate further losses, including but not  limited
to procuring new manage care contracts, expansion of our primary care  physician
network  into  adjoining  counties  in  Southern  California.  There  can  be no
guarantee that these efforts will be successful in reversing these losses.

Fee  for  Service  Revenue,  increased  by  84%  to $338,678 for  three  months
ended September 30, 2005, as compared to $54,070 for comparable period in 2004.
For nine  months  ended  September  30, 2005, fee for service revenue increased
by 33% to  $886,290, as compared to $55,875, during  the  comparable  period in
2004. This receivable relates  principally, to medical services  provided on  a
fee-for-service  basis,  and   are   reduced   by   amounts   estimated  to  be
uncollectible. These   receivables   are   typically uncollateralized  customer
obligations due under  normal trade  terms  requiring payment within 30-90 days
from the invoice date. The  Company  does  not charge late  fees  or  penalties
on  delinquent  invoices,  however  it  continually  evaluates the need  for  a
valuation allowance. Management's estimate of uncollectible amounts  is   based
upon   its   analysis   of   historical collections and other qualitative
factors.

Of the $444,310 total medical services revenue generated for  the three  months
ended September 30, 2005, $338,678 was from the fee for service  component, and
$105,632 was from capitated managed care contract.

The  increase in fee for Service revenue from $54,070 during the quarter  ended
September 30, 2004 to  current  amount  of $338,678  for the comparable  period
ended  September  30, 2005 is as  a  result  of  the recent acquisition of  two
large clinics from Centinela  Medical  Center Clinics, Inc., as of  January  1,
2005. These clinic facilities provides a  wide array  of medical and diagnostic
services to the patient population they serve.
                                            11
<PAGE>
With regard to revenues,  expenses  and  receivables  arising from global risk
agreements with CHP and TENET, the Company estimates amounts it  believes will
ultimately be realizable based in part upon estimates of claims  incurred  but
not  reported  (IBNR)  and  estimates  of retroactive adjustments or unsettled
costs to be applied by CHP and/or  Cap Management Systems.  The IBNR estimates
are made  by  CAP-Management Systems,  utilizing  actuarial  methods  and  are
continually  evaluated  by  management  of the Company based upon its specific
claims  experience.  It  is  reasonably  possible  that  some  or all of these
estimates  could  change  in  the  near  term  by  an  amount  that  could  be
material  to  the  financial  statements.

EXPENSES

Total  expenses  decreased  by  24%  from  $466,116 for the three months ended
September 30, 2004 to $352,814 during comparable period in 2005.

For nine months ended September 30, 2005,  the total expense decreased by 17%,
to $1,073,263 from $1,287,738 during comparable period in 2004.

This  decrease  in  total  expense was due to  decrease in  enrolment  in  the
membership  in  our capitated  contract,  out sourcing of some of the services
previously performed in-house, as well as lay-off of employees to reduce cost.

Of the $1,073,263 total expense for the  nine month period ended September 30,
2005,  general and  administrative  expense  were  $789,145 or  74%  of  total
expenses,  as opposed to $758,746  or  59%  of  the  total  expenses  for  the
comparable period in 2004. Cost of  revenue  decreased  by  46% from  $528,989
for the nine months ended in September 30, 2004 to $284,117, for the same
reasons as stated above.

INCOME/LOSS  FROM  OPERATIONS

For the quarter ended September 30, 2005, the Company recorded a net income of
$78,358, compared to a net loss of $(150,241) in  comparable  period  in  2004.

For the nine months ended September 30, 2005, the company reported a net income
of $126,781, compared to a net loss  of $($849,946) for  comparable  period  in
2004.

The  increase  in  net  income  is due  to increase in fee for service revenue,
decrease in operating  expense  due  to  cost  cutting  measures implemented by
management.


CERTAIN  FACTORS  AFFECTING  FUTURE  OPERATING  RESULTS

This  Form   10-QSB  contains  certain  forward-looking  statements  within  the
meaning  of  Section 27A  of  the Securities Act of 1933 and Section  21E of the
Securities  Exchange  Act of  1934.  When  used  in  this  Form  10-Q, the words
"believe,"  "anticipate,"  "think,"  "intend," "plan," "will  be,"  and  similar
expressions, identify such forward-looking statements. Such statements regarding
future events and/or the future financial performance of our Company are subject
to  certain  risks  and  uncertainties,  which  could cause actual events or our
actual  future  results to differ materially from any forward-looking statement.
Certain  factors  that  might  cause such a difference are set forth in our Form
10-K  for  the  period  ended  December  31,  2004, including the following: our
success  or  failure  in  implementing  our  current  business  and  operational
strategies; the availability,  terms  and  access to capital and customary trade
credit;  general  economic  and business conditions; competition; changes in our
business strategy; availability, location and terms of new business development;
availability and terms of necessary or desirable financing or refinancing; labor
relations; the outcome  of  pending or  yet-to-be  instituted legal proceedings;
and labor and employee  benefit  costs.


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PLAN  OF  OPERATIONS

The Company  continues to  aggressively  expand  its  provider network, as well
as seek for other managed care and PPO contracts for its contracted  providers.
We plan to expand  our provider network to Riverside,  San  Bernardino,  Orange
and greater Los Angeles, County, with  the hope of  increasing  our  membership
enrollment. Also, the company  is aggressively seeking for  more  managed  care
contracts in the four counties  targeted  for proposed network expansion. There
can be no assurance that this plan of network expansion will yield immediate
dividend.

The Company has initiated a community outreach program targeting Medicare
eligible members about the Medicare Prescription Drug Program.

Passed by Congress and signed into law by  President  Bush on December 8, 2003,
the Medicare  Prescription  Drug,  Improvement  and  Modernization  Act of 2003
(MMA), made sweeping changes to the Medicare program including the  creation of
Part D, the prescription drug coverage program that will be available beginning
January  1,  2006.  CMS  noted in its September 23, 2005 press release, "People
with Medicare  will  be  able  to  get  prescription  drug coverage in January,
through their choice of either a newly approved  stand-alone prescription  drug
plan that works with traditional  Medicare,  or  a Medicare Advantage plan that
offers drug coverage and other benefits. We hope that by promoting this program
to the communities  we serve,  we  will  be able  to enroll patients into our
provider network, while  proving  our  patient  population  timely  information
regarding their healthcare needs.

Recent Events

On  October 4, 2005, Tenet HealthSystem Hospitals, Inc,  (Tenet) announced that
it has entered  into  an  agreement  to  sell  Community & Mission Hospitals of
Huntington  Park  in  Huntington  Park, Calif., to Karykeion, Inc., a privately
held Corporation. These are two  of the  hospitals contracted  with  CAPNET IPA
and County of Los Angeles Community Health Plan . This transaction is  expected
to  close  within the next several months. Subsequently,  Capnet  IPA will seek
for a  delegation  and  assignment of the contract with TENET to the new owners
upon completion of this transaction.


Item 3.  Controls and Procedures

Evaluation of Disclosure Controls and Procedures

As required by Rule 13a-15 under the Securities Exchange Act of 1934, as amended
(the "Exchange  Act" ),   the  Company  carried  out  an  evaluation  under  the
Supervision and with the participation  of  the  Company's management, including
the Chief Executive Officer  and President and the Principal  Financial Officer,
of the effectiveness  of  the Company's disclosure controls and procedures as of
September  30,  2005.  In  designing  and  evaluating  the  Company's disclosure
controls and procedures, the Company and its management recognize that there are
inherent  limitations  to the effectiveness of any system of disclosure controls
and  procedures,  including the possibility of human error and the circumvention
or  overriding  of  the  controls  and  procedures.  Accordingly, even effective
disclosure  controls  and  procedures  can  only provide reasonable assurance of
achieving  their  desired  control  objectives. Additionally,  in evaluating and
implementing  possible  controls  and  procedures,  the Company's management was
required  to  apply its reasonable judgment. Based upon the required evaluation,
the Management concluded that as of September 30, 2005, the Company's disclosure
controls  and  procedures  were  effective  (at the "reasonable assurance" level
mentioned above)  to  ensure  that  information  required to be disclosed by the
Company in  the  reports it files or submits under the Exchange Act is recorded,
processed,  summarized  and  reported  within  the time periods specified in the
Securities and Exchange Commission's rules and forms.

                                        12
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From  time  to  time,  the  Company  and  its management have conducted and will
continue  to  conduct  further  reviews  and,  from  time  to  time put in place
additional  documentation,  of the Company's disclosure controls and procedures,
as  well  as its internal control over financial reporting. The Company may from
time to  time  make  changes  aimed at enhancing their effectiveness, as well as
changes  aimed  at ensuring that the Company's systems evolve with, and meet the
needs of, the Company's business. These changes may include changes necessary or
desirable  to  address  recommendations of the Company's management, its counsel
and/or  its  independent   auditors,   including   any  recommendations  of  its
independent  auditors  arising  out of their audits and reviews of the Company's
financial  statements. These  changes  may include changes to the Company's own
systems,  as well as to the systems of businesses that the Company has acquired
or that the Company may acquire in the future and will, if made, be intended to
enhance the effectiveness of the Company's controls and procedures. The Company
is  also  continually  striving  to  improve  its  management  and  operational
efficiency  and  the  Company expects that its efforts in that regard will from
time  to  time  directly or indirectly affect the Company's disclosure controls
and  procedures,  as  well  as  the  Company's  internal control over financial
reporting.

Changes in Internal Control Over Financial Reporting

There have been no changes in the  Company's  internal  controls  or  in  other
factors  that  could  significantly  affect  internal  controls  subsequent  to
the date of the evaluation.

PART  II     -  OTHER  INFORMATION

LEGAL  PROCEEDINGS

On January 8, 2004, a default judgment was entered in favor  of the registrant,
by the Los Angeles County Superior Court  in a case  titled  Meridian Holdings,
Inc. Versus Sirius Technologies of America a Delaware Corporation  Case  number
BC256860. The  amount  of  the  judgment  including  damages,  court  cost  and
punitive  damages  is  $30,687,926,  with a pre-judgment interest at the annual
rate of 10%. This  amount has not been  reflected  in  both  the  balance sheet
and income statement of  the registrant.

From  time to time, we may be engaged in litigation in the ordinary  course  of
our  business or in respect of which we are insured or the cumulative effect of
which  litigation our management does not believe may reasonably be expected to
be  materially adverse.  With  respect  to  existing claims  or litigation, our
management  does not believe that they will have a  material adverse  effect on
our    consolidated  financial  condition,  results  of operations,  or  future
cash  flows.

Item 6.  Exhibits and Reports on Form 8-K

  31.1  Certification pursuant to Section 302 of The Sarbanes-Oxley Act of 2002
        of Anthony C. Dike

  32.1  Certification pursuant to Section 906 of The Sarbanes-Oxley Act of 2002
        of Anthony C. Dike

                                   SIGNATURE

Pursuant  to  the  requirements  of Section 12 of the Securities Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the  undersigned  thereunto  duly  authorized.

Date:  November 7,  2005            By:  /s/  Anthony  C.  Dike
                              ____________________________________Signature
                                        Anthony  C.  Dike
                                     Chief  Executive  officer

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                                    EXHIBIT 31.1

                     CERTIFICATION  PURSUANT  TO SECTION 302
                      OF  THE  SARBANES-OXLEY  ACT  OF  2002


I, Anthony C. Dike, certify that:

1. I have reviewed this quarterly report  on  Form  10-QSB of Meridian Holdings,
Inc.;

2. Based  on  my  knowledge,  this quarterly report  does not contain any untrue
statement of a  material fact or omit  to  state  a material fact  necessary  to
make  the  statements  made,  in  light of  the  circumstances  under which such
statements were made, not  misleading with respect to the period covered by this
quarterly report;

3. Based   on   my  knowledge,  the  financial  statements,  and other financial
information  included  in  this quarterly report, fairly present in all material
respects  the  financial condition,  results of operations and cash flows of the
registrant  as of, and for, the periods presented in this quarterly report;

4. The  registrant's  other  certifying  officers  and  I  are  responsible  for
establishing and maintaining disclosure controls and procedures (as  defined  in
Exchange  Act  Rules  13a-15(e)  and 15d-15(e)) for the registrant and we have:

  a) designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be  designed  under our  supervision,  to  ensure  to
ensure that  material  information  relating  to  the  registrant, including its
consolidated  subsidiaries,  is   made  known  to  us  by  others  within  those
entities, particularly during the period in which this quarterly report is being
prepared;

   b) evaluated the effectiveness  of the  registrant's disclosure controls  and
procedures  and  presented  in  this  quarterly report our conclusions about the
effectiveness  of  the  disclosure controls and procedures, as of the end of the
period covered by this quarterly report based on such evaluation; and

   c) disclosed in this quarterly report any change in the registrant's internal
control  over  financial  reporting  that  occurred during the registrant's most
recent fiscal quarter (the registrant's fourth fiscal quarter in the  case of an
annual report)  that  has  materially  affected,  or  is  reasonably  likely  to
materially  affect,  the registrant's internal control over financial reporting;

5. The registrant's other certifying officers and I have disclosed, based on our
most  recent  evaluation  of  internal  control over financial reporting, to the
registrant's  auditors  and  the  audit  committee  of   registrant's  board  of
directors  (or  persons  performing  the equivalent functions):

   a) all  significant  deficiencies  in  the  design  or  operation of internal
controls  which  could  adversely  affect  the  registrant's  ability to record,
process,  summarize  and  report  financial  information; and

   b) any  fraud,  whether   or  not   material,  that  involves  management  or
other  employees  who  have  a  significant  role  in  the registrant's internal
control over financial reporting.


Date:    November 7,  2005

By:/s/ Anthony C. Dike
Anthony C. Dike
Chairman and CEO (Principal Executive & Financial  Officer)


                                       14
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                                      Exhibit 32.1



                   CERTIFICATION  PURSUANT  TO SECTION 906
                   OF  THE  SARBANES-OXLEY  ACT  OF  2002


In  connection  with  the  quarterly  report  of  Meridian  Holdings,  Inc. (the
"Company") on Form  10-QSB for the period ending  September 30,  2005  as  filed
with   the   Securities   and   Exchange   Commission   on    the   date  hereof
(the "Report"),  we,  Anthony  C. Dike,  the  Chief  Executive  and  Principal
Financial Officer, of  the Company,  certify,  pursuant  to  18 U.S.C. 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley  Act  of  2002,  that:

(1)  The  Report  fully  complies  with  the  requirements  of  Section 13(a) or
     15(d)  of  the  Securities  Exchange  Act  of  1934;  and

(2)  The  information  contained  in the Report fairly presents, in all material
     respects, the financial condition and results of operations of the Company.

A signed   original  of  this  written  statement  required  by  Section 906, or
other   document   authenticating,  acknowledging,  or  otherwise  adopting  the
signature  that  appears  in  typed  form  within the electronic version of this
written  statement  required  by  Section  906,  has  been  provided to Meridian
Holdings, Inc.,  and   will  be  retained   by   Meridian  Holdings,  Inc.,  and
furnished   to  the  Securities  and  Exchange  Commission  or  its  staff  upon
request.


DATE:  November 7   2005        By:  /s/  Anthony  C.  Dike
                                        -------------------
                                         Anthony  C.  Dike
                              (Principal Executive and Financial Officer)






























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