e-gold Wins Appeal in D.C. Circuit for Hearing on Asset Seizure

MELBOURNE, Fla., April 20 /PRNewswire/ -- e-gold Ltd is pleased to
announce a favorable ruling from The United States Court of Appeals for the
District of Columbia Circuit in the matter of whether it, Gold & Silver
Reserve, Inc., and Directors of both corporations are entitled to a hearing in
the Federal district court regarding whether there was sufficient probable
cause to justify seizures of assets from the corporations in December 2005 and
April 2007.
The higher court concluded, "In short, we hold that where the government
has obtained a seizure warrant depriving defendants of assets pending a trial
upon the merits, the constitutional right to due process of law entitles
defendants to an opportunity to be heard at least where access to the assets
is necessary for an effective exercise of the Sixth Amendment right to
counsel."
The complete text of the Order is available here here.
This ruling will ultimately prove to be beneficial to the rights of all
Americans whose Fourth, Fifth and Sixth Amendment rights have been
increasingly encroached upon in the name of fighting domestic wars du
jour-whether or not they use e-gold.
e-gold Ltd, Gold & Silver Reserve, Inc., and their Directors believe there
was insufficient probable cause for the seizure warrants at issue and look
forward to finally having their day in court on this matter.
About e-gold
e-gold is an electronic currency, 100% backed by physical gold in
allocated storage that empowers people to use gold as money. e-gold is
integrated into a secure account-based payment system, operating globally
24/7, featuring instantaneous payment settlement with no charge back risk, at
lower cost. Shopping cart, automation, and mobile phone interfaces are
available. Operational since 1996, e-gold has settled over 85M transactions,
serves customers in 165 countries, and has a circulation of nearly 2.4 metric
tonnes of e-gold.
Please direct inquiries to:

Press Contact:
Holly Pitt Young
hyoung@jcwatts.com
+1 (202) 207-2854

All others:
Bill Cunningham
bcunningham@g-sr.com
+1 (321) 956-1200 ext 127

SOURCE e-gold Ltd

Press Contact, Holly Pitt Young, +1-202-207-2854, hyoung@jcwatts.com; All
others, Bill Cunningham, +1-321-956-1200 ext 127, bcunningham@g-sr.com