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Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST

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To: Lucky Lady who wrote (10426)7/18/1998 4:10:00 PM
From: Bay Street Cat  Read Replies (1) of 34075
 
SALTING INSURANCE PROGRAM

ABC ANNOUNCES NEW MINE SALTING INSURANCE PROGRAM
June 23, 1997

(Washington, DC)-June 23-Associated Builders and Contractors (ABC) president John Jennings, today, announced a new
ABC sponsored insurance program designed to protect ABC contractors from costs associated with union attempts to put them
out of business.

"We are proud to offer this new ABC member benefit. It is a solution to the union salting crisis facing open shop contractors."
Jennings said. "Salting insurance will protect ABC members from economic harassment and intimidation by union salts."

The ABC Salting Insurance program is available to all ABC members beginning July 1, 1997. The insurance plan will be sold by
ABC member property and casualty insurance agents and includes either $500,000 or $1 million in annual coverage for legal
fees and 90 percent of back pay awards related to National Labor Relations Act unfair labor practice charges brought against a
company.

"This insurance program is an industry first. There is no comparable program anywhere," Jennings said. "We're excited about
this insurance program because union salting is not about employment; it's about harassment and union attempts to drive open
shop companies out of business."

As a part of the salting insurance program, ABC member attorneys will serve on legal defense teams to argue cases for
covered companies. These attorneys will have a proven track record arguing salting cases.

Salting is a major economic threat to open shop construction companies. "Construction workers are sent by their unions to
infiltrate, or 'salt' open shop companies in order to file unfair labor practice charges against the employer with the National
Labor Relations Board," Jennings said. "It costs these union salts nothing to file frivolous charges against an open shop
company, but without insurance the financial burden of defending against these charges can cost contractors their businesses."

The NLRB finds the overwhelming majority of such claims to be frivolous. Employers however, are forced to pay thousands of
dollars to defend their companies. Salting insurance will protect companies against the costs associated with faulty NLRB
charges.

"This new ABC insurance program is a unique member benefit that will help alleviate the economic hardships associated with
defending companies against union salting," Jennings said.

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