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Microcap & Penny Stocks : Amazon Natural (AZNT) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ulrich who wrote (22498)	4/16/1999 12:45:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 26163

Too bad the AZNT hearing wasn't in New York. Check this out... Thursday April 15, 9:17 am Eastern Time Company Press Release Thomson Kernaghan & Company Announces That LifeOne, Inc., Has Been Held In Contempt By The New York Supreme Court Contempt Order Filed in Conjunction With The Company's Pending Suit Against LifeOne For Failure To Deposit 4 Million Shares NEW YORK--(BUSINESS WIRE)--April 15, 1999-- Court Intends to Incarcerate LifeOne's CEO Thomson Kernaghan & Company, Ltd., a Toronto-based brokerage firm, announced today that in conjunction with its pending case against LifeOne, Inc., formerly known as National Affiliated Corporation, (OTCBB:LONE - news), the New York State Supreme Court has declared LifeOne in contempt of Court. On March 16, 1999, New York Supreme Court Justice Charles E. Ramos charged LifeOne in contempt for refusing to obey the Court's Order on August 27, 1998 to deposit four million unrestricted shares into an escrow account of Thomson Kernaghan & Company, Ltd. LifeOne has again been ordered to place the shares in escrow and will now be fined $10,000 by the Court for each day since August 27, 1998 in conjunction with its previous failure to comply with the Court's Order. The Company will also be fined $20,000 for every day it flouts the Court's March 16, 1999 contempt Order. LifeOne will be responsible for all attorneys' fees and expenses incurred by Thomson Kernaghan & Company, Ltd. The payment of monetary fines and attorneys fees may be delayed until the bankruptcy filing against LifeOne is dismissed. Subsequently, in connection with ongoing arbitration in New York, Thomson Kernaghan filed for emergency relief to prohibit LifeOne from carrying out its recently announced plan to place all of its assets in subsidiaries which would be spun off to existing shareholders. On April 12, 1999, New York Supreme Court Justice Ramos granted Thomson Kernaghan's motion. Justice Ramos also stated that it was his intent to order LifeOne's CEO, T. Brent Chapell, to be incarcerated until LifeOne complied with the Court's March 16 Order to deposit four million shares. -------------------------------------------------------------------------------- Contact: The MWW Group Robert Ferris Tel. (201) 507-9500 rferris@mww.com biz.yahoo.com