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To: dantecristo who wrote (1628)	5/31/2001 11:00:10 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 12465

Lest anyone forget, PAL was formed by ECNC (and two others; see siliconinvestor.com. So much for the implied objectivity. And then there's this line: PAL is a new organization that has been created to combat Internet bashers and others that target public companies unfairly... So does this imply David Evans is a "basher"? Not that anyone has really defined the term, but if I were Bloomberg I don't think I'd appreciate the connotation. - Jeff

To: dantecristo who wrote (1628)	6/20/2001 12:22:55 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 12465

Re: 6/12/01 - [ECNC] Protective Action League Announces That Manatt Phelps & Phillips Will Represent eConnect In Defamation Proceedings Against Bloomberg Financial Press Tuesday June 12, 8:30 am Eastern Time Press Release Protective Action League Announces That Manatt Phelps & Phillips Will Represent eConnect In Defamation Proceedings Against Bloomberg Financial Press. INTERNET WIRE -- The Protective Action League, LLC (PAL), a new and growing advocacy and fairness group comprised of small public companies, announced today that PAL assisted eConnect (OTCBB:ECNC - news), a PAL founding member, in the retention of Manatt Phelps & Phillips, a leading international law firm, to confront defamatory stories about eConnect by David Evans which were recently printed by Bloomberg Financial Press. The eConnect actions stem from the recent press release by First American Payment Systems, a Canadian company, regarding an order of 10,000 eCashPads. Mr. Evans quickly followed with a news story injurious to eConnect, full of misconstructions and distortions, including references to an unsolicited telephone conversation with Anthony Varvaro, President of FAPS. Later, after a PAL representative interviewed Mr. Varvaro at length and confirmed his conversation with Bloomberg had been misrepresented at best by Mr. Evans, PAL quickly contacted Manatt Phelps & Phillips to review the actions of Bloomberg Financial Press and Mr. Evans. The parties currently have under active consideration a suit against David Evans, author of the offending articles, and Bloomberg for injurious falsehood and defamation. Extensive investigation, including any linkage with short selling, is planned. PAL is a new organization that has been created to combat Internet bashers and others that target small public companies unfairly and sometimes anonymously. For information about joining, call William Haseltine at (202) 783 7600. Public companies only should respond. -------------------------------------------------------------------------------- Contact: William Haseltine The Protective Action League 202-783-7600 biz.yahoo.com

To: dantecristo who wrote (1628)	8/7/2002 9:27:25 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 12465

Re: 8/7/02 - [ECNC] Bloomberg: Econnect CEO Hughes Arrested by FBI on Securities Fraud Charge Econnect CEO Hughes Arrested by FBI on Securities Fraud Charge By David Evans San Pedro, California, Aug. 7 (Bloomberg) -- Thomas Hughes, chief executive and chairman of Econnect Inc., was arrested by FBI agents and charged with securities fraud for attempting to boost the Internet security company's stock price by distributing false press releases. The releases said Econnect received a $20 million dollar investment, was beginning a stock repurchase program and had received a $964,000 order, according to the authorities. The arrest followed a joint investigation by the Federal Bureau of Investigation and the Securities and Exchange Commission, in the latest examples of federal efforts to crack down on corporate wrongdoing. Hughes and his company settled earlier fraud charges from the SEC in 2000 by agreeing to abstain from further violations in the future. Hughes, 52, wasn't immediately available for comment. ``The SEC has made clear that it takes recidivism seriously, and will make every effort to seek criminal prosecutions of those who repeatedly violate the securities laws,'' said Randall Lee, director of the SEC's Pacific Region office in Los Angeles. Econnect, which sold shares to the public for the first time in 1993, makes a device that it says assure the security of Internet purchases. It has reported no revenue from operations as of March 31, while accumulating losses of $167.5 million. Econnect shares rose to a high of $21.88 on March 9, 2000, after the first set of press releases the SEC said were misleading. Trading of the company's shares, which have been below a dollar for the past year, was halted by the SEC on July 25. ©2002 Bloomberg L.P. All rights reserved. bloomberg.com