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Pastimes : Investment Chat Board Lawsuits
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To: Jeffrey S. Mitchell who started this subject5/3/2001 10:55:14 AM
From: betone  Read Replies (1) of 12465
 
PROTECTIVE ACTION LEAGUE

Small Cap Companies Traded On the Nasdaq Bulletin Board Unite to Form PROTECTIVE ACTION LEAGUE to Combat Stock Bashing

Business Editors

WASHINGTON--(BUSINESS WIRE)--May 2, 2001--An initial group of
small cap companies consisting of Myrient Technologies (MYNT),
Kanakaris Wireless (KKRS) and eConnect (ECNC), have joined together to
form the advocacy and protection group called PROTECTIVE ACTION LEAGUE
(PAL).
Headquartered in Washington DC, PAL will seek to advance the
interests of its members by centralizing its approach to matters of
common concern and implementing aggressive action.
PAL will unite Small-Cap companies in an aggressive front to
combat Internet Bashers. PAL members will contribute monthly to a
common fund that will retain seasoned litigant attorneys who will
first determine if a PAL member has been slandered or whether other
legally actionable messages have been transmitted.
Once this has been determined, PAL will then instruct highly adept
cyber detectives to hunt down the identity of the basher and the
bashers' employer. PAL will then aggressively litigate as the
plaintiff against the basher, the chat room and the bashers' employer.
"PAL is just good insurance for bulletin board companies who are
often at the mercy of well organized and well paid bashers. We
consider a small monthly payment as an excellent investment for our
company and for shareholder value," stated Thomas S. Hughes, Chairman
and CEO of eConnect.
Only public companies will be able to utilize services of PAL.
Public companies wishing to join PAL should contact:
Protective@erols.com. Inquiries are confidential.
--30--SW/ph*
CONTACT: PROTECTIVE ACTION LEAGUE
William Haseltine, 202/783-7600
KEYWORD: DISTRICT OF COLUMBIA
INDUSTRY KEYWORD: INSURANCE LEGAL/LAW
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.co
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