Corrections or additions?

This article by Barbara Fox was published in U.S. 1 Newspaper on November 10, 1999. All rights reserved.

Also see article about the MIIX IPO at http://www.princetoninfo.com/199909/90901f02.html.

Fame to Infamy

This summer Daniel Goldberg had his 15 minutes of fame

— photographed on the floor of the New York Stock Exchange when

his medical malpractice insurance company, MIIX, went public. Now

he gets another 15 minutes, with a blaring headline in the Trentonian,

"CEO Ran Posh Pot Farm." The headline was in 200 point type

(compared to 18 points for this story).

On Saturday, November 6, police raided Goldberg’s Upper Makefield

home and allegedly found a hydroponic garden of marijuana plants in

the attic. Goldberg, 52, was charged with manufacturing a controlled

substance and possession of marijuana and drug paraphernalia. Edward

Wiest, 28, a resident at the same address, was also charged, and both

were released on $50,000 bail.

Goldberg is president and CEO of the 200-person firm that is

headquartered

at 2 Princess Road. He has been granted a leave of absence "for

personal reasons," said board chairman Vincent Maressa in a

statement.

Kenneth M. Koreyva, executive vice president, was named to assume

Goldberg’s duties.

Last summer Goldberg was listed as receiving a base salary of $430,000

plus a bonus of $475,000, additional compensation worth $123,331,

and options to purchase 175,000 shares of stock, now trading at about

$2 more than the opening price.

Police seized his computer and he is under a temporary restraining

order not to enter his house, located in the Pineville section of

Upper Makefield. If it can be proved the house was used as a drug

distribution center, Goldberg could be prevented from selling it.

"We are fortunate to have a strong management team that allows

us to continue focusing on our business strategy without missing a

beat," said Maressa in his statement. "Our third-quarter

results

amply demonstrate our financial and operational strength."

The MIIX Group (MHU), 2 Princess Road,

Lawrenceville

08648. 609-896-2404; fax, 609-896-4905.

Http://www.miix.com.


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