e-gold Blog

E-GOLD VALUE ACCESS PLAN – GOVERNMENT FORFEITURE ACTION

FOR IMMEDIATE RELEASE

[Melbourne, Florida, US] – e-gold Ltd (“EGL") is pleased to announce an important step taken today in the process it initiated to provide e-metal account holders with access to the value in their accounts.

EGL originally contacted the government in 2009 and offered to assist it in recovering proceeds from criminal activity believed to be engaged in by certain third-party account holders while at the same time ensuring the return of value to qualified account holders.  This dialogue culminated in the development of a Value Access Plan (“VAP”) acceptable to EGL and the government.

Pursuant to the terms of the VAP, the government filed papers today to initiate the forfeiture of the value of all e-metal accounts, an important first step in the process of returning value to the e-metal account holders who satisfy certain specified requirements.  The VAP provides a process to facilitate the forfeiture of proceeds of criminal activity in which certain third-party account holders are alleged to have been engaged.  The VAP also sets forth a process to enable the return of value to e-metal account holders not alleged to have been involved in any illicit activity if they comply with EGL’s Customer Identification Program (“CIP”) requirements.  The filing of today’s civil action marks an essential step in winding down the current e-metal system.

Further details of the VAP process will be posted on the EGL website as they are implemented.

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About EGL

EGL issued currencies backed by precious metals (“e-gold”, “e-silver, “e-platinum” and “e-palladium”; collectively “e-metals”).  e-metal was integrated into a secure account-based payment system, operating globally 24/7, featuring instantaneous settlement with no chargeback risk, at lower cost.  At its peak, EGL settled over 85M Spends and held physical gold reserves exceeding 2.5 metric tonnes. In compliance with the terms of a plea agreement between the Department of Justice and EGL, account holder activity has been restricted since October 2008.

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e-gold® Engages KPMG to Assist e-gold in its Development of AML Program Improvements

FOR IMMEDIATE RELEASE

[MELBOURNE, FL] -- e-gold Ltd. announced today that it has retained KPMG LLP to assist e-gold Ltd. in its development of an improved Anti-Money Laundering Program. KPMG’s Advisory Services practice brings significant industry knowledge and experience that will greatly benefit e-gold Ltd., e-gold Ltd. announced.

Dr. Douglas Jackson, e-gold Ltd. Founder, said, “e-gold Ltd. is seeking to have one of the market’s most effective Anti-Money Laundering Programs.” Dr. Jackson said e-gold Ltd.'s goal is to implement significant enhancements to its Anti-Money Laundering Program in the next 30-60 days.

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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 90M transactions, serves customers in 165 countries, and has a circulation of over 2.2 metric tonnes of e-gold.

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For information contact:

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

Or visit www.e-gold.com.

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

FOR IMMEDIATE RELEASE

[Melbourne, FL] -- 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 court's opinion is available here:

Opinion for the Court, filed by Chief Judge Sentelle

This ruling will ultimately prove to be beneficial to 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.

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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.

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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      

e-gold® Assists Law Enforcement, Bringing Hundreds of Criminals to Justice

FOR IMMEDIATE RELEASE                                                               

[Melbourne, FL] -- Since its inception in 1996, e-gold has settled over 85 million payments and extended its customer base to more than 165 countries. It currently receives nearly one million visits to its website weekly and settles over $1 billion worth of payments annually. It provides a valuable service for many individuals and companies doing business online. E-gold usage offers significant advantages over credit cards. Besides the obvious advantages to merchants (reduced cost and instantaneous settlement with no risk of chargeback ), e-gold is not as subject to the risk of exposing personal information over the Internet (an identity theft risk), while still maintaining full identifying information as part of the record for every transaction.

e-gold is always vigilant to assist federal law enforcement in bringing criminals to justice. Regrettably, e-gold's work with the FBI, FTC, IRS, DEA, SEC, USPS, and other government agencies has gone widely unnoticed. The e-gold staff has participated in hundreds of investigations in support of law enforcement. In addition, e-gold maintains an active investigations staff using numerous automated system protocols to work proactively to identify and stop unwanted activity. e-gold's investigative capability has not only made it one of the poorest choices for illicit activity, but has directly provided extraordinary data that has lead to the identification, apprehension, and conviction of cyber criminals.

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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.

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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          

Système de Paiement e-gold® Maintenant en Français

POUR PUBLICATION IMMEDIATE

[Melbourne, FL] -- e-gold Ltd a le plaisir de vous annoncer la traduction de son site en français.  La version française est disponible ici. D'autres traductions seront disponibles prochainement.

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APROPOS DE e-gold
e-gold est une devise électronique garantie à 100% par de l’or physique conservé dans un endroit réservé à cet effet ; ce qui permet aux gens d’utiliser e-gold comme une monnaie d’échange. e-gold est intégré dans un système de paiement sécurisé basé sur l’utilisation de comptes, fonctionnant 24h/24 et 7j/7, caractérisé par des paiements instantanés sans frais de change, à un coût moindre. Des interfaces : d’achat, d’automatisation, et d’utilisation du téléphone mobile sont disponibles. Opérationnel depuis 1996, e-gold a effectué plus de 79 millions de transactions, sert des clients dans 165 pays, et présente une circulation de plus de 2,4 tonnes métriques de e-gold.

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Pour toute information, contactez Bill Cunningham, US 1-321-956-1200 ext 127
Ou visitez www.e-gold.com.

e-gold® Payment System Now in French

FOR IMMEDIATE RELEASE

[Melbourne, FL] -- e-gold Ltd is pleased to announce translation of its website into French.  The French language version is accessible here. Additional translations will follow in the future.

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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 79M transactions, serves customers in 165 countries, and has a circulation of more than 2.4 metric tonnes of e-gold.

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For information, contact Bill Cunningham, US 1-321-956-1200 ext 127
Or visit www.e-gold.com.

e-gold® Releases Audit Report on Gold Holdings

FOR IMMEDIATE RELEASE
September 11, 2007

[Melbourne, FL] -- e-gold Ltd today released an audit report corroborating the Gold, Silver, Palladium, and Platinum held by the e-gold Bullion Reserve Special Purpose Trust stored in London and Dubai. All e-metals are 100% backed by the physical metal held by the Trust. The audit was conducted by Stout, Causey & Horning, P.A. who noted in their Independent Auditors's Report, that the Summaries of stored metal as of April 30, 2007 fairly represented the physical amount of metals by repository. The audit report can be viewed from the Examiner page on the e-gold website.

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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 79M transactions, serves customers in 165 countries, and has a circulation of nearly 2.6 metric tonnes of e-gold.

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For information contact Bill Cunningham, +1 (321) 956-1200 ext 127
Or visit www.e-gold.com.