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Gold/Mining/Energy : MONEY GUILD INC.---OTC:(MYGD) MAJOR Diamond,Gold Discovery
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To: Chuck Rubin who wrote (387)12/16/1998 4:52:00 PM
From: MoneyMade  Read Replies (2) of 473
 
Lawsuit city against these smalltime bashers..(more inside)

"AMERICAN ECO AND ITS EXECUTIVES AWARDED $8.3 MILLION
FROM INTERNET LIBEL SUIT.

"AMERICAN ECO CORPORATION announced today (12/15/98) that it had been
awarded US$500,000 in punitive damages and US$75,000 in direct damages in its
lawsuit against an individual who hid behind an Internet posting alias as "PMKK1".
The
judgment in favor of American Eco was for libel and slander through false Web and
bulletin board postings
about the Company and its executives. American Eco claimed that the
falsehoods circulated on the Internet had damaged its reputation with the
investment
community and caused investors to short its publicly traded shares by creating
doubt
about statements made by American Eco management.

"In addition, Mr. David Norris, former CFO of American Eco, was awarded $5.0
million in punitive and $2.75 million in direct damages in the same lawsuit against
the
individual operating under the alias "PMKK1", for untrue allegations concerning Mr.
Norris' executive history, which were posted on the Internet, resulting in his
suspension
from his position.

"American Eco Chairman & CEO Michael E. McGinnis stated, "American Eco
will vigorously pursue untrue statements, rumors and attacks on its executives on
the
Internet, and intends to enforce this judgment within the full extent of collection. The
Company intends to continue to take action against other individuals who use the
Internet to post anonymous and false statements."
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