JMCP-Can Sustain 7,000,000% Run, Here's Proof:

48 Million Barrels in reserves x $60 pbl = $2.8 Billion

$270 Million Russian Sludge Oil

? 100's of Stripper Wells in N. America ?

Total: $3,150,000,000 in reserves

$3,150,000,000 / 45,000,000,000 = JMCP @ .07 per share

JMCP-Can Sustain 7,000,000% Run, Here's Proof:

48 Million Barrels in reserves x $60 pbl = $2.8 Billion

$270 Million Russian Sludge Oil

? 100's of Stripper Wells in N. America ?

Total: $3,150,000,000 in reserves

$3,150,000,000 / 45,000,000,000 = JMCP @ .07 per share

I believe that for a few possible reasons, one being we had/have a bid now, one thing no one said would happen, 2, the volume the past week has been awesome, to me that tells me alot of accumulating going on, soon it wont be easy to buy, thus the pps goes up, the weak ones sell and move on, congrats to them, but the real buyers come in and start buying, 3, very possible, via the interview on wallstreet.net from our CEOM that a buyback could be in the process, a reduced float means pps rise when all the new buyers come in, and 4th, so many deals worth alot of money will finally make the pps a true caluation, this is my opionin. I also feel we get amplyfing news next week that will answer our questions with explicit details of whats going on now and our future.

scruffy, My opionion is we get some Huge news Monday or Tuesday, then this flys way past .0005 imo.

JMCP 538 Million, Run Imminent imo

JMCP: 538 M volume, Run IMMINENT

vip, I believe it to be COB May 28th, 3 day settlement period follows, thus being June 1, i think thats correct, lol..

JMCP Only 6 more Business days to buyin for Royalty Trust.....

JMCP Only 6 more Business days to buyin for Royalty Trust.....

http://finance.groups.yahoo.com/group/JMCP_OIL_GAS/join

http://finance.groups.yahoo.com/group/JMCP_OIL_GAS/join

JMCP: IMPORTANT INFO PLEASE READ, A LOT OF DD ON JMCP:


This post will consist of all press releases that have been issued from right prior to Mr. Frank Love coming on board and taking over JMCP. I will also add many other links to support each of my opinions, those who I believe to be involved, and any other info that may help someone that is trying to do some Due Diligence on James Monroe Capital.

AMERITRADE SITUATION:
JMCP is aware of the Ameritrade restriction. This took place because of old management not updating records Ameritrade requires to lift restriction. We will soon step through the motions with Ameritrade to allow trading but it could be awhile before we accomplish this. Many things inside the company are changing rapidly at this time so at some point in time Ameritrade will have necessary information they need. I can not promise shareholders when this problem will be rectified.


Interview with CEO Frank Love via Wallstreet.net
http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379

JMCP Articles of Incorporation
http://www.sunbiz.org/COR/2007/0404/00507570.tif

OBION RESOURCES & EXPLORATION, INC
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=bAHN6hbajdWpW%252fvmSkDxzw%253d%253d





OBION HOLDINGS, INC.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=pkA3U6oJfgDDtuD4O55bMg%253d%253d

THE OBION GROUP INC.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=ESed12IAcCHkMbtzcHAh9A%253d%253d

OBION Website
http://www.obiongroup.com/index.htm

JMCP Investor Relations
http://chinookinvestmentgroup.com/Home_Page.html

History of Oil
http://www.priweb.org/ed/pgws/history/spindletop/spindletop.html



James Monroe Capital Appointing New President and CEO

CHICAGO, Feb 19, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets: JMCP) has announced that it is in the process of appointing a new company president and CEO, Frank Love.
All current officers and independent contractors of James Monroe Capital will remain involved with the company. Mr. Love is excited about the projects that James Monroe Capital presently has, and has been in talks with numerous other parties about possible new business to bring to the shareholders.
Principal shareholder Taylor Moffitt said, "After talking with several top notch candidates, Chris McGovern and I feel that Frank Love is in the best possible position to represent our interests as shareholders, and bring value to the table. He has enthusiasm, energy, and has been in talks regarding a handful of deals that Chris and I are very excited about. He agrees with our position of 'no reverse stock splits' and cares about both his reputation and the long-term interests of his shareholders.
CEO Chris McGovern commented, "This is an amazing opportunity to see James Monroe Capital moving forward into a bright future. I believe that Frank Love has the integrity and the determination see growth come to fruition. He is committed to the interests of all long-term shareholders and believes in our vision of the company's future."
SOURCE: James Monroe Capital Corporation
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C02%5C19....

FRANK LOVES INFO:

Frank's Army Military background:

#1 8 years Mission Ready Force One (MRF-1)

#2 Military Actions:

Desert Storm

1yr. Haiti
1 yr. Nato Bosnia

1yr. United Nations Bosnia
1yr. Kosavo

2 Tours in Korea

Frank has been awarded 7 rows of commendations totaling 41
commendations

Currently Retired Medical



James Monroe Capital in Talks Regarding Oil Deal

CHICAGO, Feb 28, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) is in talks to enter into a joint venture to acquire three licensed oil fields in a foreign country, over 100,000 acres with 11 wells. The fields have been proven to contain reserves of 2 million tons of crude oil. That is 11 million barrels of C1 and 37 million barrels of C2.
The market value of leasing the oil fields is significantly higher than the acquisition cost, and represents the type of deal James Monroe Capital seeks.
Principal shareholder Taylor Moffitt said, "This deal could help to diversify us as shareholders, and could provide something we need: Earnings. That's why we like this. There are a lot of things we could do with only a fraction of the income from that much oil. If Frank Love can close this deal and provide that much value to the company, then we're lucky to have him, and I hope he'll consider doing another deal of this type with us. If Love nails this deal, then his candidacy for the leadership of our company will move from 'in process' to 'done.'"
No timeframe estimates or prices are being provided to the public at this time. All emails requesting additional information will be deleted. All past efforts have been "shelved" to focus on this deal, which the company has deemed as "more profitable." A combination of debt and equity may be used to fund the deal, through foreign loans and private placements at market value. No reverse stock splits will be considered.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C01....

No reverse stock splits will be considered.

I believe this had to be agreed upon between Taylor and Chris with Frank Love in order for him to take over JMCP


James Monroe Capital Closing-in on Oil Deal

CHICAGO, Mar 02, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) has moved from talks to contract negotiations regarding an oil deal which involves over 100,000 acres of land and 11 wells. The deal would be a joint venture, with funds being raised by private placement, and the company will be borrowing against its assets, namely real estate and stock, and will pay off the debt over a period of years. After the debt is paid off, and the company is cash-flowing strongly, most shareholders seem to feel that the ONYI stock should be passed through as another dividend. Present management feels that this is a good idea, but will have to evaluate the situation in the future.
Frank Love has been negotiating the deal, which represents the type of transaction the company eagerly solicits. Love has a lot riding on the deal, if he succeeds in making the company money, the reigns of JMCP will be handed over to him. Love, unlike Moffitt & McGovern, is a fan of the buyback, and has expressed interest in a buyback after the company is making money.
Chris McGovern commented, "We want people to know what we are doing. There's a fine line between keeping people in the dark and appearing to pump our company. We're trying to objectively educate the public as to what we are working on, so that investors can make their own decisions. This oil position could hedge many of us as shareholders who are participating heavily in biofuels already. I like green power, but a profitable deal is a profitable deal. If Frank nails this one, it will be good for us, big time. We don't want anyone to expect it to put a million dollars into their account, but we view it as our little lotto ticket. We might not get it, but if we don't get the deal, at least our stock didn't go down and we can try again. No reverse stock splits will be considered."
The company is experiencing email problems, and hopes to have email again next week. All previous projects have been "shelved" to focus on this project, which has more potential value.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C03....

James Monroe Capital Shareholders Vote for Conditional Buyback

CHICAGO, Mar 13, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) announces that a shareholder majority has voted and signed an agreement approving a stock buyback, subject to the company closing a pending joint venture oil deal for income.
The signed agreement also has provisions that prohibit management from doing a reverse stock split for 2 years, and states that part of the income from the oil venture has to be used to buy back its own securities, in the market, in accordance with the state and federal securities rules and regulations governing such buybacks.
The company is now working to get the joint venture agreement signed, and then to close on the oil deal itself, which requires private funding, and some financing.
The company wishes to emphasize that it aims only to please its long-term partners. The company growth strategy involves long-term growth. James Monroe Capital is a company which seeks-out unusual bargains. The company website is at www.jamesmonroecapital.com
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C13....

James Monroe Capital Appoints Frank Love as President

KILLEEN, Texas, Apr 02, 2007 (BUSINESS WIRE) -- Taylor Moffitt and Chris McGovern are pleased to announce that they have appointed Frank Love to the position of President of James Monroe Capital effective immediately.
Taylor Moffitt is excited about the deals that Frank Love has brought to James Monroe Capital. Taylor has stated, "I have reviewed numerous candidates but Frank had ideas that, if they could be brought to fruition, would enable James Monroe Capital to have earnings. This would enable James Monroe Capital to buy-back its stock and make us trade at a level that is reflective of our assets and our team."
Chris McGovern states, "this is an exciting time for James Monroe Capital shareholders."
Frank Love from here on will write all the press releases and will update shareholders periodically.
SOURCE: James Monroe Capital
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C02....

Frank Love Announces His Intentions for James Monroe Capital

KILLEEN, Texas, Apr 13, 2007 (BUSINESS WIRE) -- Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), issued the following statement on his intentions for the direction of the company.
Love stated, "When I took over this company, it had restricted shares in Originally New York and some marginal equity properties. The share price had a bid of "unpriced" and an ask of $0.0001. This meant that an investor could buy the stock but it would prove to be difficult to sell it.
I have come up with the following strategy that I will follow.
1) No reverse-splits. In my experience, when reverse-splits occur, the share price usually falls to the level that the original reverse-split started from. Shareholders usually never benefit from this. I will not reverse-split this company since I do not believe it will benefit the shareholders whose interests I hold paramount.
2) Buy-back. We have billions and billions of shares outstanding. We will remain on the Pink sheets and will never get institutional interest if this continues. I intend to buy-back as many shares as I can at $0.0001 with the revenues generated from our oil deals. In addition, I will only enter into deals where there is cash flow that will allow me to do this. This will allow our share price to increase so that we won't be a sub-penny as well as to provide a bid price with which investors will have an exit strategy. Our share price should eventually reflect the assets that we have placed inside of it.
3) Exchanges. Once the buy-back has been completed and our outstanding share-structure has been drastically reduced, I intend for us to move to either the AMEX or Nasdaq. In addition, I would like a dual listing on the AIM or Frankfurt.
Please be patient with both our new management team and myself as we execute this strategy."
SOURCE: James Monroe Capital
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C13....

James Monroe Capital Corp. (JMCP) Announces Its Chief Financial Officer

KILLEEN, Texas, Apr 16, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love, stated, "Now that we are a 100% bona fide Oil Company with several large Oil deals signed and sealed, it's time to announce who our Chief Financial Officer is."
Mr. Anthony (Tony) Gouveia CFO:
Mr. Gouveia is a CFO or Director of a number of companies in various industries. His expertise is focused on acquisition of capital, sale and acquisition of companies, IPO process and formulating effective business strategies to maximize return to shareholders and investors. Mr. Gouveia was the Vice President of Finance and Corporate Controller for the Unilab Corporation (Unilab). Mr. Gouveia was involved in the following regarding his tenure at Unilab: (1) taking the company public raising $125 million; (2) subsequent to the IPO, the company sold 9.2 million shares in a secondary offering; and (3) the company was sold for approximately $900 million. The market cap of Unilab, when Mr. Gouveia joined the company, was under $200 million. Unilab's IPO was considered one of the most successful IPO's as reported by The Wall Street Journal. Unilab had the highest profit margins in the industry. Prior to Unilab, Mr. Gouveia was the CFO for Winston Tire Company (Winston). In two years, Mr. Gouveia improved annual cash flow by $2 million increasing the value of the company by $20 million, acquired 3 companies and integrated their operations and developed a long-term plan to reverse 10 years of losses prior to Mr. Gouveia joining the company, which was on target during his tenure at Winston. Mr. Gouveia spent several years as an auditor for large international accounting firms.
Mr. Gouveia's approach will be to assist Mr. Love to invest our financial resources in a disciplined manner to provide the best possible return to investors/shareholders. This means focusing on the right businesses/products. Mr. Gouveia stated, "As CFO, I will assist Mr. Love in evaluating our businesses/products to ensure that they meet our standards for financial performance, growth and return on investment."
Love further stated, "This caliber of Chief Financial Officer, directly reflects the direction in which James Monroe Capital Corp. is headed."
SOURCE: James Monroe Capital Corp.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C16....

James Monroe Capital Corp. Enters Agreement to Purchase Building Housing Killeen Headquarters

KILLEEN, Texas, Apr 17, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) announces it has entered into an agreement to purchase the building housing its headquarters located at the following address:

James Monroe Capital Corp.
314 E. Ave. B
Killeen, TX 76543

Frank Love, President of James Monroe Capital Corp., stated, "Purchasing the building that houses our oil company just makes perfect sense. The amount of oil we are going after cannot all be refined in my lifetime nor yours. Establishing a permanent headquarters for the next generation of James Monroe Capital Corp. leaders is a prudent move on our part now, as we pave the way of the future. With capitalism emerging worldwide in countries like China, Russia, and India, their dependence on oil will rapidly increase through the years. James Monroe Capital Corp. will be there to meet that increase."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C17....

James Monroe Capital Corp. Appoints Directors to Have a Complete Management Team

KILLEEN, Texas, Apr 19, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP):
James Monroe Capital Corp. President Frank Love, states, "We have appointed Directors to form our management team. Heading up this management team is Chief Financial Officer Anthony (Tony) Gouveia, followed by Secretary-Treasurer Alex Desousa and Chief Operations Officer Kamran Khan."
Kamran Khan is a well-known businessman and athlete in the USA and around the world. In 1971 Kamran Khan came to the U.S. to continue his higher education. In 1972 he earned his Masters Degree in International Relations from Villanova University, and immediately was offered a position in International Banking at Fidelity International Bank, where he worked for several years before starting his own businesses. In recognition of his outstanding abilities for building and running successful businesses, he was elected the President of Bryn Mawr Business Association.
Besides his tremendous success as a businessman, Kamran Khan has a remarkable history as an athlete. He has the distinct honor of representing the United States National Cricket Team for 20 years as Captain and Co-Captain. His personal cricket achievements account to over 100 trophies, including All-World honors, Man of the Match, Best Bat, Best Bowling, 4 ICC trophies, and a Hall of Fame in 2000.
He was the President of the United States Cricket Association for two years. As a president of the USA Cricket Association, Mr. Khan developed, coordinated and promoted a wide spectrum of activities and projects for the betterment of cricket in America.
In 1972 Kamran Khan became the Head Cricket Coach at Haverford College, where cricket has been played for over 150 years, and continues to coach cricket at this premier institution for 35 years, maintaining the college's historic tradition in the sport.
Mr. Desousa has 12 years of Accounting, Auditing and Finance and 7 years of Database Management consulting, Credit and Risk Management, Financial Analyst, Business Analysis and Project Management. Most of the consulting work has been for well-known companies such as Verdi-Rock Real Estate Development, Rogers and AT&T, Manulife Insurance (Hancock), Direct Energy (Energy America in Georgia and Power Republic in Texas) Hewlett Packard, Canadian Imperial Bank of Commerce, TD Securities (TD Waterhouse), RBC for offshore investments (Bahamas, Cayman, Barbados, Miami and Singapore) and AutoDesk Software Development.
Mr. Desousa has a well-diversified experience in several industries from his accounting and auditing in the early nineties to his present position as business analyst and project manager.
Mr. Desousa has great knowledge of experience in the area of property management, real estate development, energy, mutual fund management, logistics, insurance and banking, software development and software consulting.

Alexander Desousa
25 Oscar Romero Place
Toronto, Ontario
M6N 5A5
finanz_alex@yahoo.com

Objective:
To obtain a position as a Financial Analyst or Business Analyst
applying my diversified skills and knowledge in Finance, Scorecard, Statistics and Database management to the benefit of the Organization.

PROFILE:
Experience in Developing decision support tools and problem solving with strong process analysis and negotiation skills in business. Results-oriented analytical and committed to the bottom line results. Languages: Fluent in French and Spanish (Conversation and Writing) also basic knowledge of Portuguese, Italian and German Key Accomplishment Developed a Data base that keeps track of credit card collected per customer service agent – Rogers Implemented, designed, data migrated and tested of new multi-user Accounting system NewStar- Verdiroc
Developed a Centralized budget system in excel to reduce data input and repetition. – Verdiroc Designed a multi-level troubleshooting process for Internet customer
technical support Serso.com Developed customized routines for report generation and trained end- users - Fixture Exchange
Handled the successful automation of an invoicing system – Telebooks Developed a system to track bank account balances and changes in daily cash positions - PhoneWorks
Set up monthly accounting policies and practices for three client
Companies - Sport-Mate Services Technical Skills

Operating Systems
Windows NT/98/95/3.1, DOS 6.x Unix (Solaris) and Linux 6.1
Database MS Access, Oracle SQL, dBASE IV, FoxPro.

Applications
Accounting
ccPac G/L, Minicom , NewStar, Simply Accounting, AccPac, Business Vision

Business Intelligence Tools
Crystal Report, COGNOS, Web-Focus (MRE)
ERP, Microsoft and Internet applications
Visual Basic 6, ASP,MS Project, Excel (Macros, Pivot), Power
Point, ,Visio, ,Lotus Notes, ,HTML, SAP Admin and Financial

Experience
Hewlett Packard (Contract) May 03 - Present
Business Report Analyst - Operation ad Sales Department.
* In Charge of extraction of data from different sources in
different formats and converting it in to useful information using SQL Access and Excel pivot tables.
* In Charge of extraction of data and reports from SAP R/3 and
Oracle by using Obdc connectivity and converting this reports in to useful information tools for the user
* Designed and Developed Ms Access databases using Microsoft Access database
* Reviewed Processes to recommend and implement enhancement to the HP and Compaq integration transition.
* Reviewed processes and implement applications solutions to reduce the Information retrieval time.

Direct Energy Canada (Energy America) (Contract ) June 01 - Feb 03 Business Analyst - Operation and Collection Department
¨ Extraction of data from different sources in different formats
with use of Ftp and converting it in to useful information using Sql Access to upload in to the Dialer and other data bases.
* Designing and Developing Ms Access databases using access and Visual Basic 6.
* Generating reports with the use of Crystal Report.
* Reviewing Processes to recommend and implement enhancement to increase productivity by using flow charts and productions models in Visio and PowerPoint.
* Analyzing data, using trends and comparison in Excel and Access * Developing Excel Worksheet and templates with advanced features like macros and function.
* Reviewing Processes and implement applications solutions by using Access or SQL to speed up the
Information retrieval time.
* Monitor and insure that the budget is within the department
standards and objectives.

Manulife Canada March 01 - June 01 (Contract)
Financial Business Analyst Finance and Information Services
Department * Producing and Developing Statistical Reports to Monitor the performance of several E- commerce Projects and Network Projects and all the business division of Manulife.
* Developing methods measure business trend and measure
productivity.
* Reviewing processes and methodologies to recommend and implement enhancement to increase efficiency by the automation and streamlining business functions and activities with the use flow charts and financial models in excel.
* Conducted monthly audit on the status IT pending issues like
systems outages, assuring immediate response time and the problems were escalated to appropriate levels .

Rogers and AT&T Communication March 00 - March 01
Business Analyst Process and Planning Department
¨ Producing and redesigning Statistical Reports to support the
business operational need.
¨ Developing methods of measuring productivity with use excel
advanced functions.
¨ Recommending solutions to tighten credits checking, and reduce days outstanding on A/R.
¨ Reviewing Processes to recommend and implement enhancement to increase productivity by using flow charts and financial-productions models in excel.
¨ Reviewing Processes and implement applications solutions by using Access or SQL to speed up the
Information retrieval time.
¨ Extraction of data from different sources, in different formats
and converting it into meaningful information in access or excel
format.
¨ Monitor and insure that the budget is within the department
standards and objectives.
¨ Generating databases reports, queries, creating tables.
¨ Analyzing data, using trends and comparison in Excel and Access
¨ The creation of flow charts for report and data flow.

Verdiroc Holdings (Real Estate Development Company) May 99 Feb 2000 Budget Analyst and Accounting System Implementator (Contract)
¨ Producing management and budget report in various construction projects On a monthly basis for proper Financing to keep adequate cash flow.
¨ Monitored of variance on budget versus actual.
¨ Assisting in the implementation data migration and testing of new Network and multi user Accounting system called NewStar which is written in Progress, a database like Oracle Financial.
¨ Analyzed the Business need to design and create the new G/L and Job cost Reports.
¨ Learned the newstar system and taught the accounting department on how the use the software.
¨ Transferred Information to access database from accounting system using data transfer tools.

Nelbar Financial Investment Banking & Essex Capital Management Jul 1998 Apr 99
Accountant (Mutual Accountant)
¨ Developed a computerized accounting system from setup of the G/L to the creation of detailed and summarized Certified Investment Certificate client reports (Nelbar Financial)
¨ Assisted the C.F.O Essex Capital Management, the sister company, covering in his absence (the CFO); handled accounting operations, daily and weekly cash flow, bank and trading reconciliation.
¨ Journal Adjustments of stocks Re-evaluations (Gains and Losses) and Foreign Exchange.
¨ Month End Journal accruals, and other month end Jr entries to
prepare the financial reports .
¨ Monthly Financial Report for the Investment Dealer Association
reporting (MFR)

John Davies C.A. Firm. Mar 1995 July 1998
Accountant/Systems Administrator and Collections (Contract )
Sport Marketing Strategies, The Toronto Brigantines, Telebooks and Legal Index Inc.
* Performed accounting duties related to the preparation of
Financial Statement * Maintained and trouble shooted the computerized system.
* Participated in the installation and integration of a multi-user
accounting system and set up the billing module and G/L system using Business Vision.
* Analyzed the business & set up the G/L and the chart of accounts and tested transactions.
* Prepared working papers and lead sheets for auditors for financial statements
* Audited, tested and set up internal controls

Stilc, Unicorn Properties, Suncor and Airluso International July
1993 Feb 1995 Financial Accountant
* Developed a database using FoxPro to handle payroll for 50
employees * Maintained and updated construction cost reports on Unicorn properties.
* Produced financial statement and a special report for the Travel Industry Commission
* Conducted Inter Company Reconciliation for the four companies.
* Assisted auditors with working papers and lead sheets for year end statements

PhoneWorks and Teleclassified Ltd. Feb 1991 - June 1993
Sub-Controller/Cash Manager
* Designed and implemented a computerized system to track 14 inter- city bank account balances and monitor the daily cash positions to ensure proper cash flow
* Controlled the cash management of 14 bank accounts in several cities in Canada and the US to meet the weekly cash requirement to cover fixed costs for four branches
* Monitored and investigated causes of variance analysis on budget versus actual.
* Conducted Inter Company Reconciliation
* Handled all accounting functions to creation of Financial
Statements


EDUCATION
CFA Candidate Level I (In Progress)
Canadian Securities Course - IDA (In Progress)
Economic Analysis Certificate - Ryerson University 2001
Computer Programming and
Systems Analysis Diploma - Toronto School of Business 1997
Accounting Diploma - Seneca College 1996
Business Administration Certificate - Seneca College 1991


OTHER STUDIES
E-Commerce Certificate - NTG Istitution 2003
Oracle Administration Certificate - NTG Institution 2002
Visual Basic Certificate - SouthSoft Software Training Institute 2001 Unix Solaris 10 Wks Certificate of Completion -
Xincon Computer school 1999

Professional Membership:
Member of the Institute of Internal Auditors (IIA).

Volunteer work
Chairman of the Finance committee for La-Paz Co-op mainly in charge of the approval and presentation of the annual budget, work in relation with the auditors and provide recommendations on cost and internal controls.

http://alexanderdesousa1.tripod.com/id3.html
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C19....


Kamran Khan
Head Coach, Cricket
Haverford College
370 Lancaster Avenue
Haverford, PA 19041
610-896-1117
kkhan@haverford.edu


Kamran Khan has been instructing cricket at Haverford for over a
quarter of a century, maintaining the college's historic tradition
in the sport.

Since he became coach in 1974, Khan has helped the Fords' cricket fortunes flourish, with several successful tours, most noteable among them trips to England and Scotland in 1990 and an undefeated tour of England in 1996. He meanwhile represented the United States in international competitions until 1994, earning All-World honors in 1976 and captaining the U.S. from 1980-92.

As a president of the USA Cricket Association in 2000-01, Khan
developed, coordinated and promoted a wide spectrum of activities and projects for the betterment of cricket in America. He organized and conducted the U.S. teams tour to England in August 2001, as well fund raising and resource allocation for the International Cricket Council competition in Toronto that year

Kamran Rashid Khan began to play cricket in Pakistan when he was 4 years old. Since then cricket has become such an essential part of his life that he could not imagine himself apart from cricket. Anywhere he went or lived in the world, cricket was always with him. He represented Government College Lahore, Punjab (as captain) and Pakistan Universities. In 1969-70, he was awarded Pakistan's highest university sports award -- University Blue. Khan came to U.S. in 1971 to earn a Masters degree from Villanova (Pa.) University, and first learned of Haverford cricket while passing by the College. He
was soon urged to become the teams coach.

Besides his devotion to cricket, Kamran Khan has successfully
developed and managed several personal businesses. He has been on the board of directors of the Bryn Mawr Business Association for many years and presently operates Galina Oriental Rug Gallery in Blue Bell, Pa.
James Monroe Capital Creates a Subsidiary

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P07000041205&inq_came_....


KILLEEN, Texas, Apr 24, 2007 (BUSINESS WIRE) -- Frank Love, President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce the formation of a wholly owned subsidiary named "JMCP Acquisition Inc."!
Frank Love states, "We needed to create this subsidiary to place some assets in. The subsidiary was formed in the State of Florida. We needed the assets so that we could get favorable terms on our financing. The financing was used for our oil deals.
"Details of the asset placed inside of JMCP Acquisition Inc. will be announced shortly. I appreciate your enthusiasm and all will be revealed!"
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C24....

JMCP Acquisition Inc. in Last Stage of Gold Company Acquisition

KILLEEN, Texas, Apr 26, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital Corp. (PINK SHEETS:JMCP), is pleased to announce that he is finalizing an agreement with which to acquire a Ghanaian-based Company with rights in a concession located along the prolific Ashanti Belt.
The Ashanti Belt has an overwhelming history as a region rich in precious metals and minerals. In addition, it hosts some of the largest mines in the world. Many of the producing mines along the belt run in a NE trending line with other producing mines. This infers a high expectancy of mineral rich soils that contains gold specifically in mines and concessions that lay along the trend.
The concession is currently the subject of a 43-101 compliance review to verify its positive results to date, and its current operations are headed by a world class and highly respected local geologist.
Frank Love states, "I am excited for JMCP Acquisition Inc. (a James Monroe Capital Corp. Wholly Owned Subsidiary) to acquire this company with its amazing potential."
Our new Investor Relations is Chinook Investor Relations Group LLC, http://www.chinookinvestmentgroup.com/. For more information contact Harold Engel at info@chinookinvestmentgroup.com.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C26....
Ashanti belt
Ashanti belt of Ghana constitutes a gold province which has produced a total of about 1500 t of gold historically. Gold mineralization is found in steep, NNE-SSW to NE-SW trending shear zones pre- dominantly transacting metasediments of the Palaeo- proterozoic Birimian Supergroup (2.2–2.1 Ga), dis- seminated in ca. 2.1 Ga granitoids, in paleo-conglom- erates of the Tarkwaian Group (< 2135 Ma), and in recent placers. The distribution of gold, its chemistry, paragenesis and mineralogical siting in the mesothermal ores of the major mines in the Ashanti belt, namely Konongo, Ashanti, Bogosu and Prestea mine, are the
subject of this study.


At the localities studied, gold is present in two main types of ores:
1. Quartz veins with free-milling gold. The gold is rela-
tively silver-rich (true fineness values from 730 to 954)
and is accompanied by a distinct suite of Cu, Pb, Sb
sulfides. 2. Sulfide ores, consisting of arsenopyrite, pyrite
and rarer pyrrhotite and marcasite, with refractory gold.
The ores have apparent fineness values larger than 910.
Arsenopyrite and locally (at Bogosu) pyrite were iden-
tified as the hosts of submicroscopic gold. Mean con-
centrations of gold in arsenopyrite in various samples
from the different mines, obtained by secondary ion
mass spectrometry (SIMS), range from 67 to 314 ppm
Au. Gold concentration mapping in individual arseno-
pyrite crystals from the different deposits revealed simi-
lar patterns of gold distribution: the grains possess a
gold-poor core, and elevated gold contents are presentalong distinct crystal growth zones towards their rims.

The outermost crystal layer is usually gold-poor. The
well-preserved distribution patterns also indicate that
remobilization of gold from the sulfides played an in-
significant role in the ores of the Ashanti belt. Multiple
quartz veining and growth zoning of the sulfides are
interpreted as manifestations of multiple episodes of
fluid infiltration, fluid flow and mineral deposition. The
bimodal occurrence of gold in spatially closely asso-
ciated quartz vein and sulfide ores indicates a genetic
link between these ore types. A model implying a grossly
coeval formation of the ores from mesothermal fluids is
proposed.IntroductionA geochemical enrichment from Clarke-values by a factor of about 1000 is required to form economic gold mineralization. However, at ore concentrations com-
monly between 1 and 10 ppm, gold is still a trace element
whose distribution and mineralogical siting in the ores is
of extreme importance for the metallurgist and the re-
searcher working on the genesis of gold deposits. In the
mesothermal gold mineralizations of the Ashanti belt of
Ghana, gold displays a bimodal distribution; being
present both as free-milling gold in quartz veins and in
the form of submicroscopic or ‘‘invisible’’ (< 0.1m)gold in refractory sulfide ores. Both ore types are spa-
tially closely related to each other, indicating a genetic
link between them.The observed relationships are not unique to the oresof Ashanti belt, but are known from many mesothermal
gold deposits, mainly of Archean age, worldwide. In
this respect, Boyle (1979) provided a compilation of
earlier literature, and more recently Cabri et al. (1989),
Cathelineau et al. (1989), Wu and Delbove (1989), Cook
and Chryssoulis (1990), and Fleet et al. (1993) reported
on advances in determining the state and location of
‘‘invisible’’ gold in sulfides.

James Monroe Capital Corp. to Form a Shareholder Royalty Trust

KILLEEN, Texas, May 01, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love states, "With recent developments concerning the enormity of the Oil deals and the creation of a subsidiary and several Joint Ventures with ongoing concerns reaching as far as Russia, we are about to embark on a path that will directly affect every current James Monroe Capital corp. investor and I want to properly identify each and everyone of them, to ensure each receives their fair portion of any and all yields from this investment. By forming a JMCP Royalty Trust in which to put JMCP shareholders of record, the Company can move forward with the confidence in knowing no one was left behind. A trust account is being set up with a major World Wide brokerage firm to encapsulate the entire James Monroe Capital Corp. shareholder base. The Date of Record for capturing the JMCP shareholder of record list is currently set for Friday, June 1st, 2007."
Love further states, "This is a very special time for James Monroe Capital Corp., it's Subsidiary JMCP Acquisitions Corp., Joint Venture Partners, and most of all its loyal shareholders. I want to make certain everything is done right; the deals we have now closed and the ones we will close in the very near future are testament to the iron clad steel resolve of James Monroe Capital Corp.!"
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C01....

Some Info on Royalty Trust
Royalty trust
From Wikipedia, the free encyclopedia

A royalty trust is a type of corporation usually involved in mining.
It is taxed according to special regulations, whereby its profits
are not taxed at the corporate level provided a certain high
percentage (e.g. 90%) of profits are distributed to share holders as dividends. The dividends are then taxed as personal income.
This system, similar to real estate investment trusts, effectively avoids the double-taxation of corporate dividends.

Royalty trusts typically own oil or natural gas wells, or the
mineral rights of wells. Corporate shares generally trade on the
public stock markets. They are a powerful investment tool for people who wish to invest directly in oil or natural gas, but who don't have the resources or risk-tolerance to buy their own well.
Additionally, since trusts often own numerous wells, they represent a convenient way for the average investor to diversify investments across a number of properties.

Royalty trusts often attract investors with their relatively high
yields. This makes the shares sensitive to interest rates, as share prices are likely to decline in periods of rising interest rates, and to rise when interest rates fall.

Royalty trusts are found in Canada and the United States. Canadian royalty trusts, called CanRoys, typically trade on the Toronto Stock Exchange, while some of the larger trusts also trade on the New York Stock Exchange. CanRoys usually offer higher yields than U.S. trusts; for non-Canadian investors, this higher yield is somewhat reduced by a foreign tax withholding that is absent in the U.S. trusts.

Royalty trusts were created by T. Boone Pickens in 1979 in response to the difficulty that Mesa Petroleum had in replenishing its oil reserves. Through royalty trusts, he was able to substantially decrease his amount of effective reserves and avoid the difficulty of replenishing them.

Investment trust
Income trust
Publicly-Traded Royalty Trusts
BP Prudhoe Bay Royalty Trust
Cross Timbers Royalty Trust
Dominion Resources Black Warrior Trust
Harvest Energy Trust
Hugoton Royalty Trust
LL&E Royalty Trust
Marine Petroleum Trust
Mesabi Trust
Mesa Royalty Trust
North European Oil Royalty Trust
Permian Basin Royalty Trust
Pengrowth Energy Trust
Provident Energy Trust
Sabine Royalty Trust
Santa Fe Energy Trust
San Juan Basin Royalty Trust
TEL Offshore Trust
Tidelands Royalty Trust B
Torch Energy Trust
Williams Coal Seam Gas Royalty Trust

The Truth on Trusts
Canadian Association of Income Funds
Taxation of Income Trusts: Was it Worth the Cost and the Turmoil? By Yves Fortin Retrieved from http://en.wikipedia.org/wiki/Royalty_trust"

James Monroe Capital Enters into Talks with Oil Company for a Possible Joint Venture

KILLEEN, Texas, May 03, 2007 (BUSINESS WIRE) -- Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that James Monroe Capital has entered into talks with an oil company that has up to $270 million dollars of unrefined crude. The value of this inventory has not been realized due to two factors.
Firstly, the oil company needed financing to obtain the processing equipment to be placed at the various sites where this inventory sits. This will be one of the terms that James Monroe Capital may have to fulfill. In addition, this may help shareholders understand the reason behind acquiring a gold asset.
Secondly, the oil company needed the technical expertise through a solution in obtaining the oil from its present state. Frank Love states, "We are based in Texas (The Big Oil Patch) and with my knowledge and that of my contacts, we have helped to obtain the solution to this Company's rather complex problem."
Details will be announced in the very near future once the deal has been finalized.
Frank Love states, "This is an extremely exciting time for James Monroe Capital, its Subsidiary and its Loyal Shareholders. We could potentially have significant revenues."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C03....

JMCP Acquisition Inc. Completes Acquisition of Gold Company

KILLEEN, Texas, May 04, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that JMCP Acquisition Inc. has purchased Wales Holding Corporation, the parent company owning, Wales Gold Mining Ltd. The merger is complete pending approval of the Florida Certificate of Merger, expected momentarily. Wales is the Ghanaian-based company referred to in the previous press release dated April 26th, 2007. Wales is an owner in the mineral rights of the 23 square kilometer WD concession along the Ashanti belt.
The Ashanti Belt hosts some of the largest mines in the world, which include the Abbosso, Tarkwa, and Iduaprim mines. These mines have produced millions of ounces of gold.
WD has a world-renowned geologist heading up operations, and frequently outsources a team of highly respected geologists. WD is currently undergoing a 43-101 compliancy through SRK to further verify its positive results.
Frank Love states, "This acquisition by James Monroe Capital brings us one step closer in realizing our goal of finalizing our joint-venture with an oil company. At this time I do not want shareholders calling the company or myself. We are extremely busy and will not reveal any inside information. I will reveal additional information through further press-releases."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C04....


WalesHolding
www.walesholding.com

James Monroe Capital Corp. Briefs Shareholders on Recent Developments

KILLEEN, Texas, May 07, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (Pink Sheets: JMCP) President, Frank Love states the following, "Concerning the recent press releases about the several hundred million dollars worth of Crude inventory and the royalty trust now being formed, I am extremely pleased with everything moving forward at a blistering pace. Obviously, James Monroe Capital Corp. is on the move. Virtually everything has fallen into place. Events that have taken place in order to put the $270 Million dollars worth of Crude inventory deal together were quite complex in nature, but our international team of professionals are making it happen in a timely manner.
"Recently, I spoke about forming a royalty trust to disburse any and all yields from our business ventures. Shareholders with a date of record of June 1, 2007 will be placed into the royalty trust on a pro-rata basis. Holding onto your positions during this time are absolutely critical due to the fact we suspect that there is a short position on our stock and some brokerage services are no longer allowing open purchase orders for this security. Obviously the company is looking into this situation and hopes to be fruitful in our endeavors so that anyone wanting to participate in the James Monroe Capital Corp. royalty trust will have the same opportunity as everyone else.
"Regarding an earlier press release where I spoke of multiple deals signed and sealed, the $270 Million dollars worth of Crude deal is the first of three very large Oil deals we are working on. The two other large Oil deals will be revealed shortly as soon as all documentation is file stamped with State, Federal and Foreign Governments.
"Nothing will stand in the way of James Monroe Capital Corp. as we capture our percentage of the very lucrative Oil and Gas market that was made available to us through my international contacts. Opportunities currently being presented to James Monroe Capital Corp. will ensure even more growth of our company in the near future. We will continue to update our progress in a timely manner and I hope to have all available information concerning all of the Oil deals out before the June 1, 2007 date of record."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C07....


JMCP: 40 Barrels an hour x 24 hours = 960 barrels a day

$60 per barrel, 960 per day x 60
(price of oil per barrel) = 57,600

57,000 x 365 days a yr = $20,805,000 a yr, that’s just one deal



May 10 2007 2:14PM ET
StockProfiler.US: Stocks On The Move!
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C07....

James Monroe Capital Corp. Explains the $270 Million Dollars Worth of Waste/Sludge Oil Deal and Royalty Trust

KILLEEN, Texas, May 10, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (Pink Sheets:JMCP) President, Frank Love states, "The Company is in negotiations to form a strong alliance through our Joint Venture with a US company having operations in the oil and gas industry of the Russian Federation, to participate in this very lucrative market. Closing this agreement will be one heck of a first cast of the net for James Monroe Capital Corp. into the Oil & Gas market. The Company having access to oil waste that could generate several $100 Million dollars of revenue, contained in above ground pits was a second awesome cast of the net. When we were notified of the potential to acquiring rights to oil wastes sites is practically unlimited, we were absolutely floored.
The oil waste sites the JV will be pursuing initially, are ones that are mainly an oil and water mixture, where the water is spun out via a mobile centrifuge plant that can process at least 10 metric tons per hour, this equates to roughly 40-50 barrels of waste oil per hour, per centrifuge plant. Mobile centrifuge plants cost roughly $500K each and can be easily moved from location to location via 18-wheeler transports and are operated by a two-man crew. Today's oil prices in the $60 per barrel range equate to potentially substantial gains."
Frank Love explains the Royalty Trust, "The James Monroe Capital Corp. Royalty Trust will be a balanced mix of James Monroe Capital Corp. revenue producing oil properties, located throughout the world, Gas & Oil royalties like Sabine Basin Royalty (SBR), Energy Trusts such as Prime West Energy (PWI), and Pengrowth Energy Trust (PGH). This allows our royalty trust to earn revenues in the form of dividends, interest and royalties from the various operations and joint ventures we participate in whether in North America or across the globe in Russia.
"By having these NYSE Blue Chip REITs, Royalties and Trust embedded into the James Monroe Royalty Trust, with each paying dividends month after month, year after year and in some cases decades. We establish our James Monroe Capital Corp. Royalty Trust with the power of the NYSE as our foundation."
Frank Love further states, "June 1, 2007 will be another great milestone for James Monroe Capital Corp. Having any and all short positions closed from that date forward, because nobody wants to be caught short when your dealing with dividend paying NYSE; REITS, Royalties and Trust, will allow us to see an actual picture of what our stock will look like as we move into the buy back phase of our companies common shares. We will announce our monthly buy backs via a press release and only buy back shares in the open market. Our transfer agent, 1st Global Transfer Agency, will then cut a treasury certificate for the retired shares of which will be publicized as retired with certificate number. We will not reverse split our stock."
For the record Frank Love states, "I own no common shares, I have money that I made with my other business ventures. I will only take pay once this company is profitable. This is the way I do business. When I took the position as President of James Monroe Capital Corp. there were 45 Billion shares issued and basically no assets left in the company and the stock sitting at .0001. I feel James Monroe Capital Corp. is strategically positioned to carry our company and extremely loyal shareholders well into a very successful future."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C07....

Energy Royalty Trusts

Background
Energy Royalty trusts are neither stocks nor bonds, although they share some of their characteristics. Investment trusts are created to hold interests in operating assets, which produce income and cash flows that are passed through to investors. A "trust" is a legal instrument, which exists to hold assets for others. A "trust" investment that uses a trust (the legal entity) to hold ownership of an asset and pass through income to investors is called a "securitization" or an "asset-backed security".

The trust can purchase common shares, preferred shares or debt securities of an operating company. Royalty trusts purchase the right to royalties on the production and sales of a natural resource company. Royalty Trusts are attractive to investors because they promise high yields compared to traditional stocks and bonds. They are attractive to companies wishing to sell cash flow producing assets because they usually provide a much higher sale price, or proceeds, than would be possible with conventional financing. The investment characteristics of both types of trusts flow from their structure. To understand the risks and returns inherent in these investments one must go beyond their promised yield and examine their purpose and structure.

Oil, gas and coal Royalty Trusts pay monthly or quarterly dividends (royalties) based on the prices paid for their already discovered natural resources. Dividends currently range from 6% to 12% from the various Royalty Trusts available on either the New York or American Stock Exchanges. Separate operating companies are contracted to produce, market and sell the resources, so there is no exploration risk. The prospectus for these Royalty Trusts talks about 'forecasted' revenues and earnings. Oil companies also realize that 'proven reserves' have an element of guesswork, and that there might be less oil in the ground, or it may be more difficult to recover than expected. This means that the 10% "yield" is not fixed in stone. As with all investments, one must take the time and do a complete analysis.

U.S or Canadian
There are a few key differences between Canadian energy trusts and U.S. royalty trusts. U.S.-based royalty trusts (which are legally precluded from making acquisitions financed by new debt and/or equity and, therefore, cannot as readily replace depleted reserves) are essentially blow-down investment vehicles. Canadian energy trusts are very different. In fact, Canadian energy trusts have managed, during certain extended periods, to actually increase per trust unit production, discounted cash flow value and distributions, in addition to maintaining reasonable monthly or quarterly distributions on the trust units. The ability to acquire assets and finance them with new equity, combined with a tax-efficient structure, leads to a financial vehicle that is radically different from its U.S. counterpart.

Apart from the ability to grow and replace reserves, there are other noteworthy structural differences between Canadian energy trusts and their U.S. counterparts. The most significant difference relates to the substantial component of U.S. royalty trust assets that are actually overriding royalty interests, as opposed to the vast majority of Canadian energy trust assets, which are operated and non-operated working interests. In this sense, Canadian energy trusts are more similar to conventional oil and gas production companies (with no higher-risk exploration activities) than U.S. royalty trusts, which in many instances can be more accurately characterized as financially structured derivative instruments to oil and gas assets.

Canadian energy trusts appear to offer a somewhat higher yield than their U.S. counterparts, which may, at least in part, reflect the overriding royalty nature of the U.S. royalty trusts' cash flows (and, therefore, lower operating leverage and capital requirements). The U.S. royalty trusts typically have no debt, reflecting the blow-down character of their assets and operations and the absence of acquisition activity. Meanwhile, Canadian energy trusts do carry some debt, reflecting previous acquisition activity and development capital, which are typically funded, in whole or in part, with debt.

Some U.S. Oil, Natural Gas and Coal Royalty Trusts include;
BP Prudhoe Bay Royalty Trust (BPT)
Cross Timbers Royalty Trust (CRT)
Dominion Resources Black Warrior Trust (DOM)
Eastern American Natural Gas Trust NGT
Hugoton Royalty Trust (HGT)
LL&E Royalty Trust (LRT)
Marine Petroleum Trust (MARPS)
Permian Basin Royalty Trust (PBT)
Sabine Royalty Trust (SBR)
San Juan Basin Royalty Trust (SJT)
Santa Fe Energy Trust (SFF)
Torch Energy Royalty Trust (TRU)
Williams Coal Seam Gas Royalty Trust (WTU)
Most Canadian royalty trusts are listed only on the Toronto stock exchange. However, the following trusts are traded on either the New York or American Stock Exchanges.
Enerplus Resources Fund (ERF)
Pengrowth Energy Trust (PGH)
Petrofund Energy Trust (PTF)
PrimeWest Energy Trust (PWI)
Provident Energy Trust (PVX)
Tax Considerations
For U.S. investors, the tax treatment of a Canadian royalty trust's dividends depends on whether the trust is registered in the U.S. as a foreign partnership or as a corporation. The differences are far too complicated to detail here. The Canadian government applies a 15% non-resident withholding tax on distributions to U.S. investors. However, U.S. citizens can apply for a refund for at least a portion of the amount withheld.

Some Royalty Trusts may also pay Section 29 Tax Credits if they are producing Fuel from Non-conventional Sources (FNS) such as coal seam gas (coal bed methane or CBM) and other fuels such as biomass methane from waste landfills or livestock manure. Tax credits may be used to reduce income tax from other sources of income (i.e. active, passive, earned, unearned, dividends, interest, rents, IRA and pension withdrawals. You should obtain specific income tax advice from a qualified tax professional before considering any investment.

Unit holder Liability
Canadian trusts are not corporations, and in theory at least, unit holders have unlimited liability for the actions of the trust. In practice, however, most experts consider it unlikely that individual unit holders will ever be held liable for the trusts actions. However we are not experts on the subject, and recommend you contact a trust directly regarding unit holder liability before investing.

Other Issues
Much of the attractiveness of investing in Canadian royalty trusts hinges on the trust's tax-free status. This status hinges on each trust's ability to qualify for Canadian mutual fund status. The status requirements are somewhat vague, but Canadian mutual funds are intended as investment vehicles for Canadian citizens. Some individuals within the Canadian royalty trust community have expressed concern that increasing participation by U.S. investors may cause the Canadian government to either restrict foreign (U.S.) ownership or otherwise change the rules. To avoid bringing that problem to the forefront, most trusts are attempting to limit foreign ownership to 49%, but there is no guarantee that staying below that limit will insure a trust's mutual fund status.
Mobile centrifuge
Mobile centrifuge, is used to separate the solids from volumes of liquid that contain solid particles. This may be a process stream or a waste product from a process.

This separation effect occurs in just the same way as it would in a settling tank but in the case of the centrifuge the tank is in the form of a stainless steel bowl that is spun at high speed. This increases gravity from a factor of one as in nature, up to three thousand in some cases. The settled solids accumulate at the bowl wall and are then discharged by means of a helicoidally shaped screw known as a scroll, which pushes the solids from the cylindrical section of the bowl, up through the conical section and towards the discharge ports. The liquid phase, known as the centrate, finds its way back down the centrifuge bowl where it flows out over a “weir plate”, as it would in a lagoon, and falling by gravity down the discharge pipe.

The process of separating the liquid from the solid matter is sometimes called dewatering. In waste streams centrifuges are used to minimise the amount of liquid that is being hauled away, and produce solids suitable for disposal to landfill sites, land spreading or even incineration. In certain processes chemical flocculants may be added to aid the process of separation.


Replaceable liners at points in contact with solids for easy servicing on site.
Unique dual angle conical section which increases scroll life.
Low weight rotating assembly due to use of Duplex Steel and its high tensile strength
Low power consumption
Automatic, hydraulic scroll drive system so no gearbox required, this has a high torque capability and is also independent of the main drive. This means any residual solids in the bowl are discharged before the bowl is started.
Quality assured manufacture
Patented polyurethane scroll (CQ3000)
Options for tiled wear protection
Polymer concrete base-frame now increasingly available for some models which offers greatly reduced noise levels, high stability and is totally resistant to corrosion.

Typical Applications

Sewage sludge dewatering
Tannery effluent dewatering
Dewatering of various paper mill sludges
Materials recovery, for example starch
Clarification of vegetable processing liquors
Pectin recovery
Various applications in petrochemicals
- Drilling mud

- Slop oil
- Cuttings cleanings
- Barite recovery
- Water treatment sludges
A Typical Centrifuge Installation
A skid mounted centrifuge system
Automated operation
Low maintenance
Low cost of ownership
Easily modulated for mobility
User friendly

James Monroe Capital Enters Into a Joint Venture With Strat Petroleum

KILLEEN, Texas, May 15, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), announces that James Monroe Capital has signed a letter of intent to form a joint venture with Strat Petroleum for the processing of sludge in the province of Bashkorstan, Russia.
The terms of this joint venture require James Monroe Capital to provide initial capital funding of up to $1 million, in addition to support based on management expertise in order to capitalize on Strat Petroleum's ability to access several large reservoirs with massive amounts of oil waste/sludge.
Frank Love states, "The amount of sludge that Strat Petroleum has the opportunity to secure is absolutely astounding. This will bring immediate revenue to our company with which to start our buyback of shares and to place in our royalty trust.
"Bashkorstan refines approximately 10% of all of Russia's oil. The refineries then dispose of the 'waste' into these pits. This waste may contain anywhere from 10% to over 80% hydrocarbons due to the age of Russian refineries resulting in inefficient processing. Here lies our business model. We will be extracting the oil from this sludge, utilizing the mobile centrifuge plants and then selling it into the market.
"We will also be doing Russia and the world a valuable service in that we are cleaning up the environment. I look forward to working with the management team of Strat Petroleum."
Sam Hyams, the CEO of Strat Petroleum states, "I am delighted to have the knowledge and contact network in the oil industry Frank Love and his management team have supporting us. Jointly we can attack this business, growing it into a substantial operation."
Frank Love further states, "Please do not call Strat Petroleum's office or James Monroe Capital's office since we have a lot of work that needs to be done in the next few weeks. I will update shareholders via my timely press releases."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C15....

Strat Petroleum Reaches Agreement with James Monroe Capital

TORONTO, May 15, 2007 (Canada NewsWire via COMTEX) -- Strat Petroleum, Ltd. (OTC:SPRL), an emerging exploration and development company focusing on oil and gas opportunities in the Russian Federation, today announced that it has signed a letter of intent to form a joint venture with James Monroe Capital for the processing of waste/sludge oil in Bashkorstan.
The terms to complete the joint venture include initial capital funding by James Monroe of up to $1 million, with further funding available upon successful completion of between 2-3 processing plants.
Management's recent trip to the Russian Federation included meetings with local authorities and oil refineries, and visits to a number of new sites for establishment of processing plants. These new reservoirs have greater hydrocarbon content creating the opportunity for much stronger revenues and profits.
Sam Hyams, President & CEO of Strat, stated, "I am excited by this new relationship with James Monroe, as the possibilities for funding opportunities presented in oil waste/sludge reservoirs and support available from the James Monroe team's knowledge, experience and network in the oil and gas industry will be very beneficial to both Companies."
Currently Strat is working on securing licenses for processing oil waste that will allow it to secure 100% of the rights to process the reserves in the reservoir, thus not requiring local joint venture partners.
Strat is pursuing a couple of other projects which will be announced in the near future along with further information on progress regarding oil waste processing.
About Strat Petroleum:
Strat Petroleum is an emerging exploration and development company focusing on investment in oil and gas properties and other related projects in the Russian Federation. For more information, please visit the company website at www.stratpetroleum.com. The company's phone numbers are: 905-761-9169 (main), 416-628-8018 (fax) and 646-216-9751 (U.S.).
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Ccn%5C2007%5C05%5C15....
JMCPer's-A Must Read:

Posted by: greenbullz
In reply to: None Date:5/15/2007 9:19:20 PM
Post #of 9785

http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379


in this interview with frank love, he explains his focus in the oil business. 1. Oil sludge- which turned out to be a joint venture with Sprl.
Another focus is 150 wells in PA "the Quaker State" which I believe will be a joint venture with EOR Petroleum which Sam is CFO. listen to this interview and then read this portion from the EOR website. not hard to put the pieces together. Now what will the link between SPRL and EOR be?


from EOR website.
The company intends to initially secure options for wells on a number of properties in Venango County, PA, and then expand to other regions of the US based on the amount of funding available, cash flows generated, and value of the leases. Research indicates that secondary oil has never been recovered in the Venango Sandstone Formation. The longer term strategy is to reinvest the majority of cash flows generated to acquire as many wells as would be feasible to manage, and enter into optional agreements with owners of wells abroad to apply our solution.

Estimates have the proven secondary oil reserves at approximately 330 million barrels (1 Million Barrels = 1 MMbls) of oil in the Appalachian Basin Reservoir, based on a report by the US Department of Energy, with OOIP (Original Oil in Place) remaining reserves exceeding 60 billion barrels. The first two options the JV is securing have OOIP estimates in excess of 40 MMbls, based upon surveys performed by Quaker State on the immediately adjacent properties during the mid-1970s.

EORP has set a strike target of treating up to 20 new wells per month by each two-person crew. Thus based on available funding and cash flows, all 154 wells could be treated by two crews within 4 months. Further expansion of wells will be dependant on our local management’s ability to recruit qualified staff. This limiting factor is a given with the current level of activity in the oil industry. Our local management, however, is confident they can recruit workers who have left the industry once commitment is in place with funding and a program to rebuild wells on an ongoing basis.
http ://www .eorpetroleum. com/71/index.html


New York, May 15, 2007
AheadoftheBulls.com: Future Bulls GPSN, EFGO, JMCP
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C15....

May 15, 2007
Stockwire.com: Speak with other shareholders about: (OTC BB: GPSN), (Pink Sheets: EFGO), (Pink Sheets: JMCP)
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C15....

JMCP Shareholders have asked for a web site with updated current information. At your request Frank Love in conjunction with Chinook Investment Group have chosen the new url JMCPCorp.com for your new corporate informational web site. JMCPCorp.com will be redirected to Chinook Investment Group web site. Over the next few weeks JMCP shareholders will have many answers to questions you are asking about James Monroe Capital Corporation.

CEO Frank Love understands James Monroe Capital Corporation web site needs to be simple and full of information. Frank Love said, "I believe building a company is more important then dictating what changes need to take place on a web site. My time is limited because of the fast growth James Monroe Capital Corporation is currently experiencing." JMCPCorp.com will have daily updates and the redirect to this site enables Frank to focus on building the infrastructure of James Monroe Capital Corporation while Harold Engel builds the content shareholders can use to determine their own investment strategies.

About James Monroe Capital Corporation

James Monroe Capital Corporation is a publicly traded holding company (symbol JMCP) that focuses on acquisitions, start-ups and oil ventures around the globe. The company solicits purchase contracts in the oil sector for stable income to build shareholder value. These efforts are “opportunistic and time-sensitive deals” often involving distressed situations where other parties have something very valuable they are about to lose entirely or economicly not practical for larger companies. These are the type of acqusitions or buyouts JMCP will soon be announcing to it's shareholders. Over the next 6 weeks JMCP shareholders will experience a totally remade James Monroe Capital Corporation.
Comin Soon:

Share Structure

Royalty Trust Explanation
JVs (as announced)

http://chinookinvestmentgroup.com/Home_Page.html

JMCP Shareholders have asked for a web site with updated current information. At your request Frank Love in conjunction with Chinook Investment Group have chosen the new url JMCPCorp.com for your new corporate informational web site. JMCPCorp.com will be redirected to Chinook Investment Group web site. Over the next few weeks JMCP shareholders will have many answers to questions you are asking about James Monroe Capital Corporation.

CEO Frank Love understands James Monroe Capital Corporation web site needs to be simple and full of information. Frank Love said, "I believe building a company is more important then dictating what changes need to take place on a web site. My time is limited because of the fast growth James Monroe Capital Corporation is currently experiencing." JMCPCorp.com will have daily updates and the redirect to this site enables Frank to focus on building the infrastructure of James Monroe Capital Corporation while Harold Engel builds the content shareholders can use to determine their own investment strategies.

About James Monroe Capital Corporation

James Monroe Capital Corporation is a publicly traded holding company (symbol JMCP) that focuses on acquisitions, start-ups and oil ventures around the globe. The company solicits purchase contracts in the oil sector for stable income to build shareholder value. These efforts are “opportunistic and time-sensitive deals” often involving distressed situations where other parties have something very valuable they are about to lose entirely or economicly not practical for larger companies. These are the type of acqusitions or buyouts JMCP will soon be announcing to it's shareholders. Over the next 6 weeks JMCP shareholders will experience a totally remade James Monroe Capital Corporation.
Comin Soon:

Share Structure

Royalty Trust Explanation
JVs (as announced)

http://chinookinvestmentgroup.com/Home_Page.html

JMCP-Can Sustain 7,000,000% Run, Here's Proof:

48 Million Barrels in reserves x $60 pbl = $2.8 Billion

$270 Million Russian Sludge Oil

? 100's of Stripper Wells in N. America ?

Total: $3,150,000,000 in reserves

$3,150,000,000 / 45,000,000,000 = JMCP @ .07 per share

JMCP-Can Sustain 7,000,000% Run, Here's Proof:

48 Million Barrels in reserves x $60 pbl = $2.8 Billion

$270 Million Russian Sludge Oil

? 100's of Stripper Wells in N. America ?

Total: $3,150,000,000 in reserves

$3,150,000,000 / 45,000,000,000 = JMCP @ .07 per share

JMCP JMCP Ask yourself, do i really hate making money? Well, i assume you dont cause your on a stock message board. Well the time in NOW, the Run is about to start, we got a bid, something bashers said we wouldnt get, so the time in now here to load up and make yourself rich, you decide, Do i like making money?

Yes, I knew you did, so what you waiting for?????

JMCP JMCP Ask yourself, do i really hate making money? Well, i assume you dont cause your on a stock message board. Well the time in NOW, the Run is about to start, we got a bid, something bashers said we wouldnt get, so the time in now here to load up and make yourself rich, you decide, Do i like making money?

Yes, I knew you did, so what you waiting for?????

JMCP: 48 Million Barrels in reserves x $60 pbl = $2.8 Billion

$270 Million Russian Sludge Oil

? 100's of Stripper Wells in N. America ?

Total: $3,150,000,000 in reserves

$3,150,000,000 / 45,000,000,000 = JMCP @ .07 per share

JMCP: 48 Million Barrels in reserves x $60 pbl = $2.8 Billion

$270 Million Russian Sludge Oil

? 100's of Stripper Wells in N. America ?

Total: $3,150,000,000 in reserves

$3,150,000,000 / 45,000,000,000 = JMCP @ .07 per share

Irish, JMCP,point being, QBID ran to .026 ::)) so will JMCP imo...

irish, no i am not a paid promoter, there are only 2 boards worth trying to share a wealth of info, RB and IHUB, there have been many stocks that have made tremendous runs even with high share count, but I think there buyback has started and with 1 mm left, the run is gonna start soon imo...

JMCP:Awesome Interview with JMCP CEO via wallstreet.net link below

http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379

Awesome Interview with JMCP CEO via wallstreet.net link below

http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379

The Bull, correct, last day to qualify for Royalty trust is May 28th, 3 day settlement period which then would be June 1. If anyone wants to be apart of it, might as well buy now at .0001 instead at a higher price, i think the little ole JMCP is about to have a run....

JMCP JMCP ALl you need to do for DD is look at this post..

JMCP: IMPORTANT INFO PLEASE READ, A LOT OF DD ON JMCP:


This post will consist of all press releases that have been issued from right prior to Mr. Frank Love coming on board and taking over JMCP. I will also add many other links to support each of my opinions, those who I believe to be involved, and any other info that may help someone that is trying to do some Due Diligence on James Monroe Capital.

AMERITRADE SITUATION:
JMCP is aware of the Ameritrade restriction. This took place because of old management not updating records Ameritrade requires to lift restriction. We will soon step through the motions with Ameritrade to allow trading but it could be awhile before we accomplish this. Many things inside the company are changing rapidly at this time so at some point in time Ameritrade will have necessary information they need. I can not promise shareholders when this problem will be rectified.


Interview with CEO Frank Love via Wallstreet.net
http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379

JMCP Articles of Incorporation
http://www.sunbiz.org/COR/2007/0404/00507570.tif

OBION RESOURCES & EXPLORATION, INC
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=bAHN6hbajdWpW%252fvmSkDxzw%253d%253d





OBION HOLDINGS, INC.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=pkA3U6oJfgDDtuD4O55bMg%253d%253d

THE OBION GROUP INC.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=ESed12IAcCHkMbtzcHAh9A%253d%253d

OBION Website
http://www.obiongroup.com/index.htm

JMCP Investor Relations
http://chinookinvestmentgroup.com/Home_Page.html

History of Oil
http://www.priweb.org/ed/pgws/history/spindletop/spindletop.html



James Monroe Capital Appointing New President and CEO

CHICAGO, Feb 19, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets: JMCP) has announced that it is in the process of appointing a new company president and CEO, Frank Love.
All current officers and independent contractors of James Monroe Capital will remain involved with the company. Mr. Love is excited about the projects that James Monroe Capital presently has, and has been in talks with numerous other parties about possible new business to bring to the shareholders.
Principal shareholder Taylor Moffitt said, "After talking with several top notch candidates, Chris McGovern and I feel that Frank Love is in the best possible position to represent our interests as shareholders, and bring value to the table. He has enthusiasm, energy, and has been in talks regarding a handful of deals that Chris and I are very excited about. He agrees with our position of 'no reverse stock splits' and cares about both his reputation and the long-term interests of his shareholders.
CEO Chris McGovern commented, "This is an amazing opportunity to see James Monroe Capital moving forward into a bright future. I believe that Frank Love has the integrity and the determination see growth come to fruition. He is committed to the interests of all long-term shareholders and believes in our vision of the company's future."
SOURCE: James Monroe Capital Corporation
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C02%5C19....

FRANK LOVES INFO:

Frank's Army Military background:

#1 8 years Mission Ready Force One (MRF-1)

#2 Military Actions:

Desert Storm

1yr. Haiti
1 yr. Nato Bosnia

1yr. United Nations Bosnia
1yr. Kosavo

2 Tours in Korea

Frank has been awarded 7 rows of commendations totaling 41
commendations

Currently Retired Medical



James Monroe Capital in Talks Regarding Oil Deal

CHICAGO, Feb 28, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) is in talks to enter into a joint venture to acquire three licensed oil fields in a foreign country, over 100,000 acres with 11 wells. The fields have been proven to contain reserves of 2 million tons of crude oil. That is 11 million barrels of C1 and 37 million barrels of C2.
The market value of leasing the oil fields is significantly higher than the acquisition cost, and represents the type of deal James Monroe Capital seeks.
Principal shareholder Taylor Moffitt said, "This deal could help to diversify us as shareholders, and could provide something we need: Earnings. That's why we like this. There are a lot of things we could do with only a fraction of the income from that much oil. If Frank Love can close this deal and provide that much value to the company, then we're lucky to have him, and I hope he'll consider doing another deal of this type with us. If Love nails this deal, then his candidacy for the leadership of our company will move from 'in process' to 'done.'"
No timeframe estimates or prices are being provided to the public at this time. All emails requesting additional information will be deleted. All past efforts have been "shelved" to focus on this deal, which the company has deemed as "more profitable." A combination of debt and equity may be used to fund the deal, through foreign loans and private placements at market value. No reverse stock splits will be considered.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C01....

No reverse stock splits will be considered.

I believe this had to be agreed upon between Taylor and Chris with Frank Love in order for him to take over JMCP


James Monroe Capital Closing-in on Oil Deal

CHICAGO, Mar 02, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) has moved from talks to contract negotiations regarding an oil deal which involves over 100,000 acres of land and 11 wells. The deal would be a joint venture, with funds being raised by private placement, and the company will be borrowing against its assets, namely real estate and stock, and will pay off the debt over a period of years. After the debt is paid off, and the company is cash-flowing strongly, most shareholders seem to feel that the ONYI stock should be passed through as another dividend. Present management feels that this is a good idea, but will have to evaluate the situation in the future.
Frank Love has been negotiating the deal, which represents the type of transaction the company eagerly solicits. Love has a lot riding on the deal, if he succeeds in making the company money, the reigns of JMCP will be handed over to him. Love, unlike Moffitt & McGovern, is a fan of the buyback, and has expressed interest in a buyback after the company is making money.
Chris McGovern commented, "We want people to know what we are doing. There's a fine line between keeping people in the dark and appearing to pump our company. We're trying to objectively educate the public as to what we are working on, so that investors can make their own decisions. This oil position could hedge many of us as shareholders who are participating heavily in biofuels already. I like green power, but a profitable deal is a profitable deal. If Frank nails this one, it will be good for us, big time. We don't want anyone to expect it to put a million dollars into their account, but we view it as our little lotto ticket. We might not get it, but if we don't get the deal, at least our stock didn't go down and we can try again. No reverse stock splits will be considered."
The company is experiencing email problems, and hopes to have email again next week. All previous projects have been "shelved" to focus on this project, which has more potential value.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C03....

James Monroe Capital Shareholders Vote for Conditional Buyback

CHICAGO, Mar 13, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) announces that a shareholder majority has voted and signed an agreement approving a stock buyback, subject to the company closing a pending joint venture oil deal for income.
The signed agreement also has provisions that prohibit management from doing a reverse stock split for 2 years, and states that part of the income from the oil venture has to be used to buy back its own securities, in the market, in accordance with the state and federal securities rules and regulations governing such buybacks.
The company is now working to get the joint venture agreement signed, and then to close on the oil deal itself, which requires private funding, and some financing.
The company wishes to emphasize that it aims only to please its long-term partners. The company growth strategy involves long-term growth. James Monroe Capital is a company which seeks-out unusual bargains. The company website is at www.jamesmonroecapital.com
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C13....

James Monroe Capital Appoints Frank Love as President

KILLEEN, Texas, Apr 02, 2007 (BUSINESS WIRE) -- Taylor Moffitt and Chris McGovern are pleased to announce that they have appointed Frank Love to the position of President of James Monroe Capital effective immediately.
Taylor Moffitt is excited about the deals that Frank Love has brought to James Monroe Capital. Taylor has stated, "I have reviewed numerous candidates but Frank had ideas that, if they could be brought to fruition, would enable James Monroe Capital to have earnings. This would enable James Monroe Capital to buy-back its stock and make us trade at a level that is reflective of our assets and our team."
Chris McGovern states, "this is an exciting time for James Monroe Capital shareholders."
Frank Love from here on will write all the press releases and will update shareholders periodically.
SOURCE: James Monroe Capital
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C02....

Frank Love Announces His Intentions for James Monroe Capital

KILLEEN, Texas, Apr 13, 2007 (BUSINESS WIRE) -- Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), issued the following statement on his intentions for the direction of the company.
Love stated, "When I took over this company, it had restricted shares in Originally New York and some marginal equity properties. The share price had a bid of "unpriced" and an ask of $0.0001. This meant that an investor could buy the stock but it would prove to be difficult to sell it.
I have come up with the following strategy that I will follow.
1) No reverse-splits. In my experience, when reverse-splits occur, the share price usually falls to the level that the original reverse-split started from. Shareholders usually never benefit from this. I will not reverse-split this company since I do not believe it will benefit the shareholders whose interests I hold paramount.
2) Buy-back. We have billions and billions of shares outstanding. We will remain on the Pink sheets and will never get institutional interest if this continues. I intend to buy-back as many shares as I can at $0.0001 with the revenues generated from our oil deals. In addition, I will only enter into deals where there is cash flow that will allow me to do this. This will allow our share price to increase so that we won't be a sub-penny as well as to provide a bid price with which investors will have an exit strategy. Our share price should eventually reflect the assets that we have placed inside of it.
3) Exchanges. Once the buy-back has been completed and our outstanding share-structure has been drastically reduced, I intend for us to move to either the AMEX or Nasdaq. In addition, I would like a dual listing on the AIM or Frankfurt.
Please be patient with both our new management team and myself as we execute this strategy."
SOURCE: James Monroe Capital
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C13....

James Monroe Capital Corp. (JMCP) Announces Its Chief Financial Officer

KILLEEN, Texas, Apr 16, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love, stated, "Now that we are a 100% bona fide Oil Company with several large Oil deals signed and sealed, it's time to announce who our Chief Financial Officer is."
Mr. Anthony (Tony) Gouveia CFO:
Mr. Gouveia is a CFO or Director of a number of companies in various industries. His expertise is focused on acquisition of capital, sale and acquisition of companies, IPO process and formulating effective business strategies to maximize return to shareholders and investors. Mr. Gouveia was the Vice President of Finance and Corporate Controller for the Unilab Corporation (Unilab). Mr. Gouveia was involved in the following regarding his tenure at Unilab: (1) taking the company public raising $125 million; (2) subsequent to the IPO, the company sold 9.2 million shares in a secondary offering; and (3) the company was sold for approximately $900 million. The market cap of Unilab, when Mr. Gouveia joined the company, was under $200 million. Unilab's IPO was considered one of the most successful IPO's as reported by The Wall Street Journal. Unilab had the highest profit margins in the industry. Prior to Unilab, Mr. Gouveia was the CFO for Winston Tire Company (Winston). In two years, Mr. Gouveia improved annual cash flow by $2 million increasing the value of the company by $20 million, acquired 3 companies and integrated their operations and developed a long-term plan to reverse 10 years of losses prior to Mr. Gouveia joining the company, which was on target during his tenure at Winston. Mr. Gouveia spent several years as an auditor for large international accounting firms.
Mr. Gouveia's approach will be to assist Mr. Love to invest our financial resources in a disciplined manner to provide the best possible return to investors/shareholders. This means focusing on the right businesses/products. Mr. Gouveia stated, "As CFO, I will assist Mr. Love in evaluating our businesses/products to ensure that they meet our standards for financial performance, growth and return on investment."
Love further stated, "This caliber of Chief Financial Officer, directly reflects the direction in which James Monroe Capital Corp. is headed."
SOURCE: James Monroe Capital Corp.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C16....

James Monroe Capital Corp. Enters Agreement to Purchase Building Housing Killeen Headquarters

KILLEEN, Texas, Apr 17, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) announces it has entered into an agreement to purchase the building housing its headquarters located at the following address:

James Monroe Capital Corp.
314 E. Ave. B
Killeen, TX 76543

Frank Love, President of James Monroe Capital Corp., stated, "Purchasing the building that houses our oil company just makes perfect sense. The amount of oil we are going after cannot all be refined in my lifetime nor yours. Establishing a permanent headquarters for the next generation of James Monroe Capital Corp. leaders is a prudent move on our part now, as we pave the way of the future. With capitalism emerging worldwide in countries like China, Russia, and India, their dependence on oil will rapidly increase through the years. James Monroe Capital Corp. will be there to meet that increase."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C17....

James Monroe Capital Corp. Appoints Directors to Have a Complete Management Team

KILLEEN, Texas, Apr 19, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP):
James Monroe Capital Corp. President Frank Love, states, "We have appointed Directors to form our management team. Heading up this management team is Chief Financial Officer Anthony (Tony) Gouveia, followed by Secretary-Treasurer Alex Desousa and Chief Operations Officer Kamran Khan."
Kamran Khan is a well-known businessman and athlete in the USA and around the world. In 1971 Kamran Khan came to the U.S. to continue his higher education. In 1972 he earned his Masters Degree in International Relations from Villanova University, and immediately was offered a position in International Banking at Fidelity International Bank, where he worked for several years before starting his own businesses. In recognition of his outstanding abilities for building and running successful businesses, he was elected the President of Bryn Mawr Business Association.
Besides his tremendous success as a businessman, Kamran Khan has a remarkable history as an athlete. He has the distinct honor of representing the United States National Cricket Team for 20 years as Captain and Co-Captain. His personal cricket achievements account to over 100 trophies, including All-World honors, Man of the Match, Best Bat, Best Bowling, 4 ICC trophies, and a Hall of Fame in 2000.
He was the President of the United States Cricket Association for two years. As a president of the USA Cricket Association, Mr. Khan developed, coordinated and promoted a wide spectrum of activities and projects for the betterment of cricket in America.
In 1972 Kamran Khan became the Head Cricket Coach at Haverford College, where cricket has been played for over 150 years, and continues to coach cricket at this premier institution for 35 years, maintaining the college's historic tradition in the sport.
Mr. Desousa has 12 years of Accounting, Auditing and Finance and 7 years of Database Management consulting, Credit and Risk Management, Financial Analyst, Business Analysis and Project Management. Most of the consulting work has been for well-known companies such as Verdi-Rock Real Estate Development, Rogers and AT&T, Manulife Insurance (Hancock), Direct Energy (Energy America in Georgia and Power Republic in Texas) Hewlett Packard, Canadian Imperial Bank of Commerce, TD Securities (TD Waterhouse), RBC for offshore investments (Bahamas, Cayman, Barbados, Miami and Singapore) and AutoDesk Software Development.
Mr. Desousa has a well-diversified experience in several industries from his accounting and auditing in the early nineties to his present position as business analyst and project manager.
Mr. Desousa has great knowledge of experience in the area of property management, real estate development, energy, mutual fund management, logistics, insurance and banking, software development and software consulting.

Alexander Desousa
25 Oscar Romero Place
Toronto, Ontario
M6N 5A5
finanz_alex@yahoo.com

Objective:
To obtain a position as a Financial Analyst or Business Analyst
applying my diversified skills and knowledge in Finance, Scorecard, Statistics and Database management to the benefit of the Organization.

PROFILE:
Experience in Developing decision support tools and problem solving with strong process analysis and negotiation skills in business. Results-oriented analytical and committed to the bottom line results. Languages: Fluent in French and Spanish (Conversation and Writing) also basic knowledge of Portuguese, Italian and German Key Accomplishment Developed a Data base that keeps track of credit card collected per customer service agent – Rogers Implemented, designed, data migrated and tested of new multi-user Accounting system NewStar- Verdiroc
Developed a Centralized budget system in excel to reduce data input and repetition. – Verdiroc Designed a multi-level troubleshooting process for Internet customer
technical support Serso.com Developed customized routines for report generation and trained end- users - Fixture Exchange
Handled the successful automation of an invoicing system – Telebooks Developed a system to track bank account balances and changes in daily cash positions - PhoneWorks
Set up monthly accounting policies and practices for three client
Companies - Sport-Mate Services Technical Skills

Operating Systems
Windows NT/98/95/3.1, DOS 6.x Unix (Solaris) and Linux 6.1
Database MS Access, Oracle SQL, dBASE IV, FoxPro.

Applications
Accounting
ccPac G/L, Minicom , NewStar, Simply Accounting, AccPac, Business Vision

Business Intelligence Tools
Crystal Report, COGNOS, Web-Focus (MRE)
ERP, Microsoft and Internet applications
Visual Basic 6, ASP,MS Project, Excel (Macros, Pivot), Power
Point, ,Visio, ,Lotus Notes, ,HTML, SAP Admin and Financial

Experience
Hewlett Packard (Contract) May 03 - Present
Business Report Analyst - Operation ad Sales Department.
* In Charge of extraction of data from different sources in
different formats and converting it in to useful information using SQL Access and Excel pivot tables.
* In Charge of extraction of data and reports from SAP R/3 and
Oracle by using Obdc connectivity and converting this reports in to useful information tools for the user
* Designed and Developed Ms Access databases using Microsoft Access database
* Reviewed Processes to recommend and implement enhancement to the HP and Compaq integration transition.
* Reviewed processes and implement applications solutions to reduce the Information retrieval time.

Direct Energy Canada (Energy America) (Contract ) June 01 - Feb 03 Business Analyst - Operation and Collection Department
¨ Extraction of data from different sources in different formats
with use of Ftp and converting it in to useful information using Sql Access to upload in to the Dialer and other data bases.
* Designing and Developing Ms Access databases using access and Visual Basic 6.
* Generating reports with the use of Crystal Report.
* Reviewing Processes to recommend and implement enhancement to increase productivity by using flow charts and productions models in Visio and PowerPoint.
* Analyzing data, using trends and comparison in Excel and Access * Developing Excel Worksheet and templates with advanced features like macros and function.
* Reviewing Processes and implement applications solutions by using Access or SQL to speed up the
Information retrieval time.
* Monitor and insure that the budget is within the department
standards and objectives.

Manulife Canada March 01 - June 01 (Contract)
Financial Business Analyst Finance and Information Services
Department * Producing and Developing Statistical Reports to Monitor the performance of several E- commerce Projects and Network Projects and all the business division of Manulife.
* Developing methods measure business trend and measure
productivity.
* Reviewing processes and methodologies to recommend and implement enhancement to increase efficiency by the automation and streamlining business functions and activities with the use flow charts and financial models in excel.
* Conducted monthly audit on the status IT pending issues like
systems outages, assuring immediate response time and the problems were escalated to appropriate levels .

Rogers and AT&T Communication March 00 - March 01
Business Analyst Process and Planning Department
¨ Producing and redesigning Statistical Reports to support the
business operational need.
¨ Developing methods of measuring productivity with use excel
advanced functions.
¨ Recommending solutions to tighten credits checking, and reduce days outstanding on A/R.
¨ Reviewing Processes to recommend and implement enhancement to increase productivity by using flow charts and financial-productions models in excel.
¨ Reviewing Processes and implement applications solutions by using Access or SQL to speed up the
Information retrieval time.
¨ Extraction of data from different sources, in different formats
and converting it into meaningful information in access or excel
format.
¨ Monitor and insure that the budget is within the department
standards and objectives.
¨ Generating databases reports, queries, creating tables.
¨ Analyzing data, using trends and comparison in Excel and Access
¨ The creation of flow charts for report and data flow.

Verdiroc Holdings (Real Estate Development Company) May 99 Feb 2000 Budget Analyst and Accounting System Implementator (Contract)
¨ Producing management and budget report in various construction projects On a monthly basis for proper Financing to keep adequate cash flow.
¨ Monitored of variance on budget versus actual.
¨ Assisting in the implementation data migration and testing of new Network and multi user Accounting system called NewStar which is written in Progress, a database like Oracle Financial.
¨ Analyzed the Business need to design and create the new G/L and Job cost Reports.
¨ Learned the newstar system and taught the accounting department on how the use the software.
¨ Transferred Information to access database from accounting system using data transfer tools.

Nelbar Financial Investment Banking & Essex Capital Management Jul 1998 Apr 99
Accountant (Mutual Accountant)
¨ Developed a computerized accounting system from setup of the G/L to the creation of detailed and summarized Certified Investment Certificate client reports (Nelbar Financial)
¨ Assisted the C.F.O Essex Capital Management, the sister company, covering in his absence (the CFO); handled accounting operations, daily and weekly cash flow, bank and trading reconciliation.
¨ Journal Adjustments of stocks Re-evaluations (Gains and Losses) and Foreign Exchange.
¨ Month End Journal accruals, and other month end Jr entries to
prepare the financial reports .
¨ Monthly Financial Report for the Investment Dealer Association
reporting (MFR)

John Davies C.A. Firm. Mar 1995 July 1998
Accountant/Systems Administrator and Collections (Contract )
Sport Marketing Strategies, The Toronto Brigantines, Telebooks and Legal Index Inc.
* Performed accounting duties related to the preparation of
Financial Statement * Maintained and trouble shooted the computerized system.
* Participated in the installation and integration of a multi-user
accounting system and set up the billing module and G/L system using Business Vision.
* Analyzed the business & set up the G/L and the chart of accounts and tested transactions.
* Prepared working papers and lead sheets for auditors for financial statements
* Audited, tested and set up internal controls

Stilc, Unicorn Properties, Suncor and Airluso International July
1993 Feb 1995 Financial Accountant
* Developed a database using FoxPro to handle payroll for 50
employees * Maintained and updated construction cost reports on Unicorn properties.
* Produced financial statement and a special report for the Travel Industry Commission
* Conducted Inter Company Reconciliation for the four companies.
* Assisted auditors with working papers and lead sheets for year end statements

PhoneWorks and Teleclassified Ltd. Feb 1991 - June 1993
Sub-Controller/Cash Manager
* Designed and implemented a computerized system to track 14 inter- city bank account balances and monitor the daily cash positions to ensure proper cash flow
* Controlled the cash management of 14 bank accounts in several cities in Canada and the US to meet the weekly cash requirement to cover fixed costs for four branches
* Monitored and investigated causes of variance analysis on budget versus actual.
* Conducted Inter Company Reconciliation
* Handled all accounting functions to creation of Financial
Statements


EDUCATION
CFA Candidate Level I (In Progress)
Canadian Securities Course - IDA (In Progress)
Economic Analysis Certificate - Ryerson University 2001
Computer Programming and
Systems Analysis Diploma - Toronto School of Business 1997
Accounting Diploma - Seneca College 1996
Business Administration Certificate - Seneca College 1991


OTHER STUDIES
E-Commerce Certificate - NTG Istitution 2003
Oracle Administration Certificate - NTG Institution 2002
Visual Basic Certificate - SouthSoft Software Training Institute 2001 Unix Solaris 10 Wks Certificate of Completion -
Xincon Computer school 1999

Professional Membership:
Member of the Institute of Internal Auditors (IIA).

Volunteer work
Chairman of the Finance committee for La-Paz Co-op mainly in charge of the approval and presentation of the annual budget, work in relation with the auditors and provide recommendations on cost and internal controls.

http://alexanderdesousa1.tripod.com/id3.html
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C19....


Kamran Khan
Head Coach, Cricket
Haverford College
370 Lancaster Avenue
Haverford, PA 19041
610-896-1117
kkhan@haverford.edu


Kamran Khan has been instructing cricket at Haverford for over a
quarter of a century, maintaining the college's historic tradition
in the sport.

Since he became coach in 1974, Khan has helped the Fords' cricket fortunes flourish, with several successful tours, most noteable among them trips to England and Scotland in 1990 and an undefeated tour of England in 1996. He meanwhile represented the United States in international competitions until 1994, earning All-World honors in 1976 and captaining the U.S. from 1980-92.

As a president of the USA Cricket Association in 2000-01, Khan
developed, coordinated and promoted a wide spectrum of activities and projects for the betterment of cricket in America. He organized and conducted the U.S. teams tour to England in August 2001, as well fund raising and resource allocation for the International Cricket Council competition in Toronto that year

Kamran Rashid Khan began to play cricket in Pakistan when he was 4 years old. Since then cricket has become such an essential part of his life that he could not imagine himself apart from cricket. Anywhere he went or lived in the world, cricket was always with him. He represented Government College Lahore, Punjab (as captain) and Pakistan Universities. In 1969-70, he was awarded Pakistan's highest university sports award -- University Blue. Khan came to U.S. in 1971 to earn a Masters degree from Villanova (Pa.) University, and first learned of Haverford cricket while passing by the College. He
was soon urged to become the teams coach.

Besides his devotion to cricket, Kamran Khan has successfully
developed and managed several personal businesses. He has been on the board of directors of the Bryn Mawr Business Association for many years and presently operates Galina Oriental Rug Gallery in Blue Bell, Pa.
James Monroe Capital Creates a Subsidiary

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P07000041205&inq_came_....


KILLEEN, Texas, Apr 24, 2007 (BUSINESS WIRE) -- Frank Love, President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce the formation of a wholly owned subsidiary named "JMCP Acquisition Inc."!
Frank Love states, "We needed to create this subsidiary to place some assets in. The subsidiary was formed in the State of Florida. We needed the assets so that we could get favorable terms on our financing. The financing was used for our oil deals.
"Details of the asset placed inside of JMCP Acquisition Inc. will be announced shortly. I appreciate your enthusiasm and all will be revealed!"
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C24....

JMCP Acquisition Inc. in Last Stage of Gold Company Acquisition

KILLEEN, Texas, Apr 26, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital Corp. (PINK SHEETS:JMCP), is pleased to announce that he is finalizing an agreement with which to acquire a Ghanaian-based Company with rights in a concession located along the prolific Ashanti Belt.
The Ashanti Belt has an overwhelming history as a region rich in precious metals and minerals. In addition, it hosts some of the largest mines in the world. Many of the producing mines along the belt run in a NE trending line with other producing mines. This infers a high expectancy of mineral rich soils that contains gold specifically in mines and concessions that lay along the trend.
The concession is currently the subject of a 43-101 compliance review to verify its positive results to date, and its current operations are headed by a world class and highly respected local geologist.
Frank Love states, "I am excited for JMCP Acquisition Inc. (a James Monroe Capital Corp. Wholly Owned Subsidiary) to acquire this company with its amazing potential."
Our new Investor Relations is Chinook Investor Relations Group LLC, http://www.chinookinvestmentgroup.com/. For more information contact Harold Engel at info@chinookinvestmentgroup.com.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C26....
Ashanti belt
Ashanti belt of Ghana constitutes a gold province which has produced a total of about 1500 t of gold historically. Gold mineralization is found in steep, NNE-SSW to NE-SW trending shear zones pre- dominantly transacting metasediments of the Palaeo- proterozoic Birimian Supergroup (2.2–2.1 Ga), dis- seminated in ca. 2.1 Ga granitoids, in paleo-conglom- erates of the Tarkwaian Group (< 2135 Ma), and in recent placers. The distribution of gold, its chemistry, paragenesis and mineralogical siting in the mesothermal ores of the major mines in the Ashanti belt, namely Konongo, Ashanti, Bogosu and Prestea mine, are the
subject of this study.


At the localities studied, gold is present in two main types of ores:
1. Quartz veins with free-milling gold. The gold is rela-
tively silver-rich (true fineness values from 730 to 954)
and is accompanied by a distinct suite of Cu, Pb, Sb
sulfides. 2. Sulfide ores, consisting of arsenopyrite, pyrite
and rarer pyrrhotite and marcasite, with refractory gold.
The ores have apparent fineness values larger than 910.
Arsenopyrite and locally (at Bogosu) pyrite were iden-
tified as the hosts of submicroscopic gold. Mean con-
centrations of gold in arsenopyrite in various samples
from the different mines, obtained by secondary ion
mass spectrometry (SIMS), range from 67 to 314 ppm
Au. Gold concentration mapping in individual arseno-
pyrite crystals from the different deposits revealed simi-
lar patterns of gold distribution: the grains possess a
gold-poor core, and elevated gold contents are presentalong distinct crystal growth zones towards their rims.

The outermost crystal layer is usually gold-poor. The
well-preserved distribution patterns also indicate that
remobilization of gold from the sulfides played an in-
significant role in the ores of the Ashanti belt. Multiple
quartz veining and growth zoning of the sulfides are
interpreted as manifestations of multiple episodes of
fluid infiltration, fluid flow and mineral deposition. The
bimodal occurrence of gold in spatially closely asso-
ciated quartz vein and sulfide ores indicates a genetic
link between these ore types. A model implying a grossly
coeval formation of the ores from mesothermal fluids is
proposed.IntroductionA geochemical enrichment from Clarke-values by a factor of about 1000 is required to form economic gold mineralization. However, at ore concentrations com-
monly between 1 and 10 ppm, gold is still a trace element
whose distribution and mineralogical siting in the ores is
of extreme importance for the metallurgist and the re-
searcher working on the genesis of gold deposits. In the
mesothermal gold mineralizations of the Ashanti belt of
Ghana, gold displays a bimodal distribution; being
present both as free-milling gold in quartz veins and in
the form of submicroscopic or ‘‘invisible’’ (< 0.1m)gold in refractory sulfide ores. Both ore types are spa-
tially closely related to each other, indicating a genetic
link between them.The observed relationships are not unique to the oresof Ashanti belt, but are known from many mesothermal
gold deposits, mainly of Archean age, worldwide. In
this respect, Boyle (1979) provided a compilation of
earlier literature, and more recently Cabri et al. (1989),
Cathelineau et al. (1989), Wu and Delbove (1989), Cook
and Chryssoulis (1990), and Fleet et al. (1993) reported
on advances in determining the state and location of
‘‘invisible’’ gold in sulfides.

James Monroe Capital Corp. to Form a Shareholder Royalty Trust

KILLEEN, Texas, May 01, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love states, "With recent developments concerning the enormity of the Oil deals and the creation of a subsidiary and several Joint Ventures with ongoing concerns reaching as far as Russia, we are about to embark on a path that will directly affect every current James Monroe Capital corp. investor and I want to properly identify each and everyone of them, to ensure each receives their fair portion of any and all yields from this investment. By forming a JMCP Royalty Trust in which to put JMCP shareholders of record, the Company can move forward with the confidence in knowing no one was left behind. A trust account is being set up with a major World Wide brokerage firm to encapsulate the entire James Monroe Capital Corp. shareholder base. The Date of Record for capturing the JMCP shareholder of record list is currently set for Friday, June 1st, 2007."
Love further states, "This is a very special time for James Monroe Capital Corp., it's Subsidiary JMCP Acquisitions Corp., Joint Venture Partners, and most of all its loyal shareholders. I want to make certain everything is done right; the deals we have now closed and the ones we will close in the very near future are testament to the iron clad steel resolve of James Monroe Capital Corp.!"
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C01....

Some Info on Royalty Trust
Royalty trust
From Wikipedia, the free encyclopedia

A royalty trust is a type of corporation usually involved in mining.
It is taxed according to special regulations, whereby its profits
are not taxed at the corporate level provided a certain high
percentage (e.g. 90%) of profits are distributed to share holders as dividends. The dividends are then taxed as personal income.
This system, similar to real estate investment trusts, effectively avoids the double-taxation of corporate dividends.

Royalty trusts typically own oil or natural gas wells, or the
mineral rights of wells. Corporate shares generally trade on the
public stock markets. They are a powerful investment tool for people who wish to invest directly in oil or natural gas, but who don't have the resources or risk-tolerance to buy their own well.
Additionally, since trusts often own numerous wells, they represent a convenient way for the average investor to diversify investments across a number of properties.

Royalty trusts often attract investors with their relatively high
yields. This makes the shares sensitive to interest rates, as share prices are likely to decline in periods of rising interest rates, and to rise when interest rates fall.

Royalty trusts are found in Canada and the United States. Canadian royalty trusts, called CanRoys, typically trade on the Toronto Stock Exchange, while some of the larger trusts also trade on the New York Stock Exchange. CanRoys usually offer higher yields than U.S. trusts; for non-Canadian investors, this higher yield is somewhat reduced by a foreign tax withholding that is absent in the U.S. trusts.

Royalty trusts were created by T. Boone Pickens in 1979 in response to the difficulty that Mesa Petroleum had in replenishing its oil reserves. Through royalty trusts, he was able to substantially decrease his amount of effective reserves and avoid the difficulty of replenishing them.

Investment trust
Income trust
Publicly-Traded Royalty Trusts
BP Prudhoe Bay Royalty Trust
Cross Timbers Royalty Trust
Dominion Resources Black Warrior Trust
Harvest Energy Trust
Hugoton Royalty Trust
LL&E Royalty Trust
Marine Petroleum Trust
Mesabi Trust
Mesa Royalty Trust
North European Oil Royalty Trust
Permian Basin Royalty Trust
Pengrowth Energy Trust
Provident Energy Trust
Sabine Royalty Trust
Santa Fe Energy Trust
San Juan Basin Royalty Trust
TEL Offshore Trust
Tidelands Royalty Trust B
Torch Energy Trust
Williams Coal Seam Gas Royalty Trust

The Truth on Trusts
Canadian Association of Income Funds
Taxation of Income Trusts: Was it Worth the Cost and the Turmoil? By Yves Fortin Retrieved from http://en.wikipedia.org/wiki/Royalty_trust"

James Monroe Capital Enters into Talks with Oil Company for a Possible Joint Venture

KILLEEN, Texas, May 03, 2007 (BUSINESS WIRE) -- Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that James Monroe Capital has entered into talks with an oil company that has up to $270 million dollars of unrefined crude. The value of this inventory has not been realized due to two factors.
Firstly, the oil company needed financing to obtain the processing equipment to be placed at the various sites where this inventory sits. This will be one of the terms that James Monroe Capital may have to fulfill. In addition, this may help shareholders understand the reason behind acquiring a gold asset.
Secondly, the oil company needed the technical expertise through a solution in obtaining the oil from its present state. Frank Love states, "We are based in Texas (The Big Oil Patch) and with my knowledge and that of my contacts, we have helped to obtain the solution to this Company's rather complex problem."
Details will be announced in the very near future once the deal has been finalized.
Frank Love states, "This is an extremely exciting time for James Monroe Capital, its Subsidiary and its Loyal Shareholders. We could potentially have significant revenues."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C03....

JMCP Acquisition Inc. Completes Acquisition of Gold Company

KILLEEN, Texas, May 04, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that JMCP Acquisition Inc. has purchased Wales Holding Corporation, the parent company owning, Wales Gold Mining Ltd. The merger is complete pending approval of the Florida Certificate of Merger, expected momentarily. Wales is the Ghanaian-based company referred to in the previous press release dated April 26th, 2007. Wales is an owner in the mineral rights of the 23 square kilometer WD concession along the Ashanti belt.
The Ashanti Belt hosts some of the largest mines in the world, which include the Abbosso, Tarkwa, and Iduaprim mines. These mines have produced millions of ounces of gold.
WD has a world-renowned geologist heading up operations, and frequently outsources a team of highly respected geologists. WD is currently undergoing a 43-101 compliancy through SRK to further verify its positive results.
Frank Love states, "This acquisition by James Monroe Capital brings us one step closer in realizing our goal of finalizing our joint-venture with an oil company. At this time I do not want shareholders calling the company or myself. We are extremely busy and will not reveal any inside information. I will reveal additional information through further press-releases."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C04....


WalesHolding
www.walesholding.com

James Monroe Capital Corp. Briefs Shareholders on Recent Developments

KILLEEN, Texas, May 07, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (Pink Sheets: JMCP) President, Frank Love states the following, "Concerning the recent press releases about the several hundred million dollars worth of Crude inventory and the royalty trust now being formed, I am extremely pleased with everything moving forward at a blistering pace. Obviously, James Monroe Capital Corp. is on the move. Virtually everything has fallen into place. Events that have taken place in order to put the $270 Million dollars worth of Crude inventory deal together were quite complex in nature, but our international team of professionals are making it happen in a timely manner.
"Recently, I spoke about forming a royalty trust to disburse any and all yields from our business ventures. Shareholders with a date of record of June 1, 2007 will be placed into the royalty trust on a pro-rata basis. Holding onto your positions during this time are absolutely critical due to the fact we suspect that there is a short position on our stock and some brokerage services are no longer allowing open purchase orders for this security. Obviously the company is looking into this situation and hopes to be fruitful in our endeavors so that anyone wanting to participate in the James Monroe Capital Corp. royalty trust will have the same opportunity as everyone else.
"Regarding an earlier press release where I spoke of multiple deals signed and sealed, the $270 Million dollars worth of Crude deal is the first of three very large Oil deals we are working on. The two other large Oil deals will be revealed shortly as soon as all documentation is file stamped with State, Federal and Foreign Governments.
"Nothing will stand in the way of James Monroe Capital Corp. as we capture our percentage of the very lucrative Oil and Gas market that was made available to us through my international contacts. Opportunities currently being presented to James Monroe Capital Corp. will ensure even more growth of our company in the near future. We will continue to update our progress in a timely manner and I hope to have all available information concerning all of the Oil deals out before the June 1, 2007 date of record."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C07....


JMCP: 40 Barrels an hour x 24 hours = 960 barrels a day

$60 per barrel, 960 per day x 60
(price of oil per barrel) = 57,600

57,000 x 365 days a yr = $20,805,000 a yr, that’s just one deal



May 10 2007 2:14PM ET
StockProfiler.US: Stocks On The Move!
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C07....

James Monroe Capital Corp. Explains the $270 Million Dollars Worth of Waste/Sludge Oil Deal and Royalty Trust

KILLEEN, Texas, May 10, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (Pink Sheets:JMCP) President, Frank Love states, "The Company is in negotiations to form a strong alliance through our Joint Venture with a US company having operations in the oil and gas industry of the Russian Federation, to participate in this very lucrative market. Closing this agreement will be one heck of a first cast of the net for James Monroe Capital Corp. into the Oil & Gas market. The Company having access to oil waste that could generate several $100 Million dollars of revenue, contained in above ground pits was a second awesome cast of the net. When we were notified of the potential to acquiring rights to oil wastes sites is practically unlimited, we were absolutely floored.
The oil waste sites the JV will be pursuing initially, are ones that are mainly an oil and water mixture, where the water is spun out via a mobile centrifuge plant that can process at least 10 metric tons per hour, this equates to roughly 40-50 barrels of waste oil per hour, per centrifuge plant. Mobile centrifuge plants cost roughly $500K each and can be easily moved from location to location via 18-wheeler transports and are operated by a two-man crew. Today's oil prices in the $60 per barrel range equate to potentially substantial gains."
Frank Love explains the Royalty Trust, "The James Monroe Capital Corp. Royalty Trust will be a balanced mix of James Monroe Capital Corp. revenue producing oil properties, located throughout the world, Gas & Oil royalties like Sabine Basin Royalty (SBR), Energy Trusts such as Prime West Energy (PWI), and Pengrowth Energy Trust (PGH). This allows our royalty trust to earn revenues in the form of dividends, interest and royalties from the various operations and joint ventures we participate in whether in North America or across the globe in Russia.
"By having these NYSE Blue Chip REITs, Royalties and Trust embedded into the James Monroe Royalty Trust, with each paying dividends month after month, year after year and in some cases decades. We establish our James Monroe Capital Corp. Royalty Trust with the power of the NYSE as our foundation."
Frank Love further states, "June 1, 2007 will be another great milestone for James Monroe Capital Corp. Having any and all short positions closed from that date forward, because nobody wants to be caught short when your dealing with dividend paying NYSE; REITS, Royalties and Trust, will allow us to see an actual picture of what our stock will look like as we move into the buy back phase of our companies common shares. We will announce our monthly buy backs via a press release and only buy back shares in the open market. Our transfer agent, 1st Global Transfer Agency, will then cut a treasury certificate for the retired shares of which will be publicized as retired with certificate number. We will not reverse split our stock."
For the record Frank Love states, "I own no common shares, I have money that I made with my other business ventures. I will only take pay once this company is profitable. This is the way I do business. When I took the position as President of James Monroe Capital Corp. there were 45 Billion shares issued and basically no assets left in the company and the stock sitting at .0001. I feel James Monroe Capital Corp. is strategically positioned to carry our company and extremely loyal shareholders well into a very successful future."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C07....

Energy Royalty Trusts

Background
Energy Royalty trusts are neither stocks nor bonds, although they share some of their characteristics. Investment trusts are created to hold interests in operating assets, which produce income and cash flows that are passed through to investors. A "trust" is a legal instrument, which exists to hold assets for others. A "trust" investment that uses a trust (the legal entity) to hold ownership of an asset and pass through income to investors is called a "securitization" or an "asset-backed security".

The trust can purchase common shares, preferred shares or debt securities of an operating company. Royalty trusts purchase the right to royalties on the production and sales of a natural resource company. Royalty Trusts are attractive to investors because they promise high yields compared to traditional stocks and bonds. They are attractive to companies wishing to sell cash flow producing assets because they usually provide a much higher sale price, or proceeds, than would be possible with conventional financing. The investment characteristics of both types of trusts flow from their structure. To understand the risks and returns inherent in these investments one must go beyond their promised yield and examine their purpose and structure.

Oil, gas and coal Royalty Trusts pay monthly or quarterly dividends (royalties) based on the prices paid for their already discovered natural resources. Dividends currently range from 6% to 12% from the various Royalty Trusts available on either the New York or American Stock Exchanges. Separate operating companies are contracted to produce, market and sell the resources, so there is no exploration risk. The prospectus for these Royalty Trusts talks about 'forecasted' revenues and earnings. Oil companies also realize that 'proven reserves' have an element of guesswork, and that there might be less oil in the ground, or it may be more difficult to recover than expected. This means that the 10% "yield" is not fixed in stone. As with all investments, one must take the time and do a complete analysis.

U.S or Canadian
There are a few key differences between Canadian energy trusts and U.S. royalty trusts. U.S.-based royalty trusts (which are legally precluded from making acquisitions financed by new debt and/or equity and, therefore, cannot as readily replace depleted reserves) are essentially blow-down investment vehicles. Canadian energy trusts are very different. In fact, Canadian energy trusts have managed, during certain extended periods, to actually increase per trust unit production, discounted cash flow value and distributions, in addition to maintaining reasonable monthly or quarterly distributions on the trust units. The ability to acquire assets and finance them with new equity, combined with a tax-efficient structure, leads to a financial vehicle that is radically different from its U.S. counterpart.

Apart from the ability to grow and replace reserves, there are other noteworthy structural differences between Canadian energy trusts and their U.S. counterparts. The most significant difference relates to the substantial component of U.S. royalty trust assets that are actually overriding royalty interests, as opposed to the vast majority of Canadian energy trust assets, which are operated and non-operated working interests. In this sense, Canadian energy trusts are more similar to conventional oil and gas production companies (with no higher-risk exploration activities) than U.S. royalty trusts, which in many instances can be more accurately characterized as financially structured derivative instruments to oil and gas assets.

Canadian energy trusts appear to offer a somewhat higher yield than their U.S. counterparts, which may, at least in part, reflect the overriding royalty nature of the U.S. royalty trusts' cash flows (and, therefore, lower operating leverage and capital requirements). The U.S. royalty trusts typically have no debt, reflecting the blow-down character of their assets and operations and the absence of acquisition activity. Meanwhile, Canadian energy trusts do carry some debt, reflecting previous acquisition activity and development capital, which are typically funded, in whole or in part, with debt.

Some U.S. Oil, Natural Gas and Coal Royalty Trusts include;
BP Prudhoe Bay Royalty Trust (BPT)
Cross Timbers Royalty Trust (CRT)
Dominion Resources Black Warrior Trust (DOM)
Eastern American Natural Gas Trust NGT
Hugoton Royalty Trust (HGT)
LL&E Royalty Trust (LRT)
Marine Petroleum Trust (MARPS)
Permian Basin Royalty Trust (PBT)
Sabine Royalty Trust (SBR)
San Juan Basin Royalty Trust (SJT)
Santa Fe Energy Trust (SFF)
Torch Energy Royalty Trust (TRU)
Williams Coal Seam Gas Royalty Trust (WTU)
Most Canadian royalty trusts are listed only on the Toronto stock exchange. However, the following trusts are traded on either the New York or American Stock Exchanges.
Enerplus Resources Fund (ERF)
Pengrowth Energy Trust (PGH)
Petrofund Energy Trust (PTF)
PrimeWest Energy Trust (PWI)
Provident Energy Trust (PVX)
Tax Considerations
For U.S. investors, the tax treatment of a Canadian royalty trust's dividends depends on whether the trust is registered in the U.S. as a foreign partnership or as a corporation. The differences are far too complicated to detail here. The Canadian government applies a 15% non-resident withholding tax on distributions to U.S. investors. However, U.S. citizens can apply for a refund for at least a portion of the amount withheld.

Some Royalty Trusts may also pay Section 29 Tax Credits if they are producing Fuel from Non-conventional Sources (FNS) such as coal seam gas (coal bed methane or CBM) and other fuels such as biomass methane from waste landfills or livestock manure. Tax credits may be used to reduce income tax from other sources of income (i.e. active, passive, earned, unearned, dividends, interest, rents, IRA and pension withdrawals. You should obtain specific income tax advice from a qualified tax professional before considering any investment.

Unit holder Liability
Canadian trusts are not corporations, and in theory at least, unit holders have unlimited liability for the actions of the trust. In practice, however, most experts consider it unlikely that individual unit holders will ever be held liable for the trusts actions. However we are not experts on the subject, and recommend you contact a trust directly regarding unit holder liability before investing.

Other Issues
Much of the attractiveness of investing in Canadian royalty trusts hinges on the trust's tax-free status. This status hinges on each trust's ability to qualify for Canadian mutual fund status. The status requirements are somewhat vague, but Canadian mutual funds are intended as investment vehicles for Canadian citizens. Some individuals within the Canadian royalty trust community have expressed concern that increasing participation by U.S. investors may cause the Canadian government to either restrict foreign (U.S.) ownership or otherwise change the rules. To avoid bringing that problem to the forefront, most trusts are attempting to limit foreign ownership to 49%, but there is no guarantee that staying below that limit will insure a trust's mutual fund status.
Mobile centrifuge
Mobile centrifuge, is used to separate the solids from volumes of liquid that contain solid particles. This may be a process stream or a waste product from a process.

This separation effect occurs in just the same way as it would in a settling tank but in the case of the centrifuge the tank is in the form of a stainless steel bowl that is spun at high speed. This increases gravity from a factor of one as in nature, up to three thousand in some cases. The settled solids accumulate at the bowl wall and are then discharged by means of a helicoidally shaped screw known as a scroll, which pushes the solids from the cylindrical section of the bowl, up through the conical section and towards the discharge ports. The liquid phase, known as the centrate, finds its way back down the centrifuge bowl where it flows out over a “weir plate”, as it would in a lagoon, and falling by gravity down the discharge pipe.

The process of separating the liquid from the solid matter is sometimes called dewatering. In waste streams centrifuges are used to minimise the amount of liquid that is being hauled away, and produce solids suitable for disposal to landfill sites, land spreading or even incineration. In certain processes chemical flocculants may be added to aid the process of separation.


Replaceable liners at points in contact with solids for easy servicing on site.
Unique dual angle conical section which increases scroll life.
Low weight rotating assembly due to use of Duplex Steel and its high tensile strength
Low power consumption
Automatic, hydraulic scroll drive system so no gearbox required, this has a high torque capability and is also independent of the main drive. This means any residual solids in the bowl are discharged before the bowl is started.
Quality assured manufacture
Patented polyurethane scroll (CQ3000)
Options for tiled wear protection
Polymer concrete base-frame now increasingly available for some models which offers greatly reduced noise levels, high stability and is totally resistant to corrosion.

Typical Applications

Sewage sludge dewatering
Tannery effluent dewatering
Dewatering of various paper mill sludges
Materials recovery, for example starch
Clarification of vegetable processing liquors
Pectin recovery
Various applications in petrochemicals
- Drilling mud

- Slop oil
- Cuttings cleanings
- Barite recovery
- Water treatment sludges
A Typical Centrifuge Installation
A skid mounted centrifuge system
Automated operation
Low maintenance
Low cost of ownership
Easily modulated for mobility
User friendly

James Monroe Capital Enters Into a Joint Venture With Strat Petroleum

KILLEEN, Texas, May 15, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), announces that James Monroe Capital has signed a letter of intent to form a joint venture with Strat Petroleum for the processing of sludge in the province of Bashkorstan, Russia.
The terms of this joint venture require James Monroe Capital to provide initial capital funding of up to $1 million, in addition to support based on management expertise in order to capitalize on Strat Petroleum's ability to access several large reservoirs with massive amounts of oil waste/sludge.
Frank Love states, "The amount of sludge that Strat Petroleum has the opportunity to secure is absolutely astounding. This will bring immediate revenue to our company with which to start our buyback of shares and to place in our royalty trust.
"Bashkorstan refines approximately 10% of all of Russia's oil. The refineries then dispose of the 'waste' into these pits. This waste may contain anywhere from 10% to over 80% hydrocarbons due to the age of Russian refineries resulting in inefficient processing. Here lies our business model. We will be extracting the oil from this sludge, utilizing the mobile centrifuge plants and then selling it into the market.
"We will also be doing Russia and the world a valuable service in that we are cleaning up the environment. I look forward to working with the management team of Strat Petroleum."
Sam Hyams, the CEO of Strat Petroleum states, "I am delighted to have the knowledge and contact network in the oil industry Frank Love and his management team have supporting us. Jointly we can attack this business, growing it into a substantial operation."
Frank Love further states, "Please do not call Strat Petroleum's office or James Monroe Capital's office since we have a lot of work that needs to be done in the next few weeks. I will update shareholders via my timely press releases."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C15....

Strat Petroleum Reaches Agreement with James Monroe Capital

TORONTO, May 15, 2007 (Canada NewsWire via COMTEX) -- Strat Petroleum, Ltd. (OTC:SPRL), an emerging exploration and development company focusing on oil and gas opportunities in the Russian Federation, today announced that it has signed a letter of intent to form a joint venture with James Monroe Capital for the processing of waste/sludge oil in Bashkorstan.
The terms to complete the joint venture include initial capital funding by James Monroe of up to $1 million, with further funding available upon successful completion of between 2-3 processing plants.
Management's recent trip to the Russian Federation included meetings with local authorities and oil refineries, and visits to a number of new sites for establishment of processing plants. These new reservoirs have greater hydrocarbon content creating the opportunity for much stronger revenues and profits.
Sam Hyams, President & CEO of Strat, stated, "I am excited by this new relationship with James Monroe, as the possibilities for funding opportunities presented in oil waste/sludge reservoirs and support available from the James Monroe team's knowledge, experience and network in the oil and gas industry will be very beneficial to both Companies."
Currently Strat is working on securing licenses for processing oil waste that will allow it to secure 100% of the rights to process the reserves in the reservoir, thus not requiring local joint venture partners.
Strat is pursuing a couple of other projects which will be announced in the near future along with further information on progress regarding oil waste processing.
About Strat Petroleum:
Strat Petroleum is an emerging exploration and development company focusing on investment in oil and gas properties and other related projects in the Russian Federation. For more information, please visit the company website at www.stratpetroleum.com. The company's phone numbers are: 905-761-9169 (main), 416-628-8018 (fax) and 646-216-9751 (U.S.).
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Ccn%5C2007%5C05%5C15....
JMCPer's-A Must Read:

Posted by: greenbullz
In reply to: None Date:5/15/2007 9:19:20 PM
Post #of 9785

http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379


in this interview with frank love, he explains his focus in the oil business. 1. Oil sludge- which turned out to be a joint venture with Sprl.
Another focus is 150 wells in PA "the Quaker State" which I believe will be a joint venture with EOR Petroleum which Sam is CFO. listen to this interview and then read this portion from the EOR website. not hard to put the pieces together. Now what will the link between SPRL and EOR be?


from EOR website.
The company intends to initially secure options for wells on a number of properties in Venango County, PA, and then expand to other regions of the US based on the amount of funding available, cash flows generated, and value of the leases. Research indicates that secondary oil has never been recovered in the Venango Sandstone Formation. The longer term strategy is to reinvest the majority of cash flows generated to acquire as many wells as would be feasible to manage, and enter into optional agreements with owners of wells abroad to apply our solution.

Estimates have the proven secondary oil reserves at approximately 330 million barrels (1 Million Barrels = 1 MMbls) of oil in the Appalachian Basin Reservoir, based on a report by the US Department of Energy, with OOIP (Original Oil in Place) remaining reserves exceeding 60 billion barrels. The first two options the JV is securing have OOIP estimates in excess of 40 MMbls, based upon surveys performed by Quaker State on the immediately adjacent properties during the mid-1970s.

EORP has set a strike target of treating up to 20 new wells per month by each two-person crew. Thus based on available funding and cash flows, all 154 wells could be treated by two crews within 4 months. Further expansion of wells will be dependant on our local management’s ability to recruit qualified staff. This limiting factor is a given with the current level of activity in the oil industry. Our local management, however, is confident they can recruit workers who have left the industry once commitment is in place with funding and a program to rebuild wells on an ongoing basis.
http ://www .eorpetroleum. com/71/index.html


New York, May 15, 2007
AheadoftheBulls.com: Future Bulls GPSN, EFGO, JMCP
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C15....

May 15, 2007
Stockwire.com: Speak with other shareholders about: (OTC BB: GPSN), (Pink Sheets: EFGO), (Pink Sheets: JMCP)
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C15....

JMCP JMCP: JMCP coverage : AheadoftheBulls.com: Future Bulls TNRO, CHCG, JMCP

May 17, 2007 (M2 PRESSWIRE via COMTEX) -- New York-AheadoftheBulls.com, announces the following companies as high potential, Future Bulls: Terra Nostra Resources Corp. (OTC BB: TNRO), China 3C Group (OTC BB: CHCG) and James Monroe Capital (Pink Sheets: JMCP)
Come visit AheadoftheBulls.com to sign up for our free Newsletter, where you will receive detailed information on these companies and more!

Terra Nostra Resources Corp. (OTC BB: TNRO, http://finance.yahoo.com/q?s=TNRO.OB)

Stainless Steel and Copper Crucial Components of China's Dynamic Economy

May 15, 2007-- Terra Nostra Resources Corporation (OTC Bulletin Board: TNRO - News). China's gross domestic product (GDP) grew by an annual average of 9.67 percent from 1978 to 2006, said Ma Kai, the minister of China's National Development and Reform Commission. "The annual growth rate was much higher than that of the world economy, which was about 3.3 percent on average in the same period." "During this time, China beefed up its comprehensive national strength and elevated its international status," said Ma, adding that "the country has become the world's fourth largest economy and third largest trader. The per capita disposable income of urban residents rose from 343 Yuan (US$44), in 1978 to 11,759 Yuan (US$1500) in 2006. Meanwhile, China's budgetary revenues rose from 113.23 billion Yuan to 3.93 trillion Yuan. As it opened wider to the outside world, China received more foreign direct investment than any other developing country for 14 straight years, and by the end of 2006 there were 590,000 foreign-invested firms in China." Terra Nostra Resources Corporation's CEO, Mr. Sun Liu James Po, states, "China's dynamic and still growing economy will continue to require crucial resources like copper and stainless steel to sustain the development of industrial and consumer demand nationwide. Today's high prices in these commodities and their related raw materials reflect this fundamental demand for such strategic metals in a continuing high growth economy." Terra Nostra, with its existing and under construction production capacity of 170,000 Metric Tonnes of electrolytic copper, is the 6th largest producer by capacity in China, and the only foreign (United States) majority owned. Terra Nostra's fully operational 230,000 Metric Tonne capacity stainless steel casting facility, also the only foreign majority owned, places the Company as a top ten producer in China. Terra Nostra, by meeting only a minor portion of the annual demand for these two strategic metals, is projected to earn over US$1.4 Billion in fiscal year ending May 2009.

About Terra Nostra Resources Corporation

Terra Nostra is one of the leading copper producers in China through its 51 percent interest in Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd., which has an existing and under construction production capacity of 170,000 MT (metric tons) of electrolytic copper, 20,000 MT of low-oxygen copper, and value-added copper rod and wire facilities. Terra Nostra is also emerging as a leading stainless steel producer in China through its 51 percent interest in Shandong Quanxin Stainless Steel Co., Ltd., a modern stainless steel production facility that commenced operations in early 2006 with a now expanded 230,000 MT casting mill, and a recently commissioned 150,000 MT rolling mill. The two joint venture companies, which Terra Nostra recently entered into an agreement to increase its ownership up to 90%, with total assets exceeding US$200 million and over 1000 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai. More information on Terra Nostra can be found at www.tnr-corp.com.

China 3C Group (OTC BB: CHCG, http://finance.yahoo.com/q?s=CHCG.OB)

China 3C Group Provides 2007 Guidance

May 16, 2007-- China 3C Group (OTC Bulletin Board: CHCG - News), a rapidly growing retailer and distributor of consumer and business products in China, announced that the company is providing additional information regarding the company's previously released first quarter fiscal year 2007 results. Zhenggang Wang, CEO of China 3C Group said, "We expect to record revenue in the range of $360 million to $380 million and net income of $27.0 million to $28.5 million for the fiscal year ending December 31, 2007. Earnings per share are expected to range between $0.50 and $0.54 per diluted share. As with all guidance, these statements are forward-looking and our actual results may differ materially. We also reserve the right to adjust this guidance at any time as a result of acquisitions or other strategic initiatives we may pursue.

"We are also reiterating our previous guidance regarding store openings. We expect to open 1,200 stores by the end of 2007 and anticipate opening 4,000 total stores by the end of 2010, at which time we believe we will be realizing annual revenues of $1 billion. We will also be issuing first quarter 2007 comparable-store sales data under a separate release in the next few weeks.

"The company intends to be listed on a major U.S. exchange by the end of 2007. We will update the investment community with the status of our listing as more information becomes available." Wang added, "We are pleased with our financial and operational results during the first quarter. We thank the members of the investment community who listened to our conference call and look forward to keeping all of our shareholders updated on our progress during 2007 and beyond." About China 3C China 3C Group is a leading retail chain operating more than 800 retail outlets in Eastern China. The company specializes in selling 3C products (communication, information technology and digital) in China through its subsidiary Zhejiang Yong Xin Digital Technology Co., Ltd. Among China 3C's primary attributes is its efficient distribution network and rapid logistics system. The company's goal is to become the number one retailer of 3C products in China. For more information, visit http://www.china3cgroup.com.

A profile for investors can be accessed at http://www.hawkassociates.com/chcgprofile.aspx. For investor relations information regarding China 3C, contact Joe Levinson at (989) 785-0208, e- mail: jolevinson@gmail.com, or Frank Hawkins or Ken AuYeung, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com. An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com. To receive free e-mail notification of future press releases for this company, sign up at http://www.hawkassociates.com/email.aspx.

James Monroe Capital (Pink Sheets: JMCP, http://finance.yahoo.com/q?s=JMCP.PK)

James Monroe Capital is in the Final Stages of Financing the Strat Petroleum Joint Venture

May 17, 2007-- Frank Love, President of James Monroe Capital Corp., is pleased to announce that James Monroe Capital Corp. (Pink Sheets:JMCP - News) is in the final stages of the process of completing its financing. It is anticipated that the financing will be completed at the end of this month or early next month. Frank Love states, "In many recent press releases, I discussed $270 million dollars worth of oil sludge in Bashkorstan Russia, 48 million barrels of oil reserves, (with today's price range of $50-$60 a barrel) in the Samara region of the Russian Federation, Wales Holding Corp. (Wales Gold Mining), the Ghanaian-based Gold Company with properties in the Ashanti belt region, and the formation of the James Monroe Capital Royalty Trust.

"The major hurdle that I had when I took over this company was to get it properly financed so we could pursue our deals that would provide shareholder value. We are now well on our way in doing this. The gold-asset that we acquired will help us in getting financed efficiently as well.

"We will finance the joint venture with Strat Petroleum using debt. Debt financing will also be used for our other projects, like acquiring hundreds of the thousands of Stripper Wells available in North America. I am still negotiating terms and will have this finalized shortly.

"Concerning the James Monroe Capital Corp. Royalty Trust, in order to participate in the Royalty Trust one must have a date of record June 1, 2007. Also, I am currently in talks with a potential Underwriter and Trustee for the Royalty Trust who has current and past experience Underwriting, Listing and Managing monthly dividend paying Royalty Trust with several NYSE Royalty Trust.

"I look forward to keeping you updated in these exciting times." Visit AheadoftheBulls.com to read our disclaimer

JMCP JMCP: JMCP coverage : AheadoftheBulls.com: Future Bulls TNRO, CHCG, JMCP

May 17, 2007 (M2 PRESSWIRE via COMTEX) -- New York-AheadoftheBulls.com, announces the following companies as high potential, Future Bulls: Terra Nostra Resources Corp. (OTC BB: TNRO), China 3C Group (OTC BB: CHCG) and James Monroe Capital (Pink Sheets: JMCP)
Come visit AheadoftheBulls.com to sign up for our free Newsletter, where you will receive detailed information on these companies and more!

Terra Nostra Resources Corp. (OTC BB: TNRO, http://finance.yahoo.com/q?s=TNRO.OB)

Stainless Steel and Copper Crucial Components of China's Dynamic Economy

May 15, 2007-- Terra Nostra Resources Corporation (OTC Bulletin Board: TNRO - News). China's gross domestic product (GDP) grew by an annual average of 9.67 percent from 1978 to 2006, said Ma Kai, the minister of China's National Development and Reform Commission. "The annual growth rate was much higher than that of the world economy, which was about 3.3 percent on average in the same period." "During this time, China beefed up its comprehensive national strength and elevated its international status," said Ma, adding that "the country has become the world's fourth largest economy and third largest trader. The per capita disposable income of urban residents rose from 343 Yuan (US$44), in 1978 to 11,759 Yuan (US$1500) in 2006. Meanwhile, China's budgetary revenues rose from 113.23 billion Yuan to 3.93 trillion Yuan. As it opened wider to the outside world, China received more foreign direct investment than any other developing country for 14 straight years, and by the end of 2006 there were 590,000 foreign-invested firms in China." Terra Nostra Resources Corporation's CEO, Mr. Sun Liu James Po, states, "China's dynamic and still growing economy will continue to require crucial resources like copper and stainless steel to sustain the development of industrial and consumer demand nationwide. Today's high prices in these commodities and their related raw materials reflect this fundamental demand for such strategic metals in a continuing high growth economy." Terra Nostra, with its existing and under construction production capacity of 170,000 Metric Tonnes of electrolytic copper, is the 6th largest producer by capacity in China, and the only foreign (United States) majority owned. Terra Nostra's fully operational 230,000 Metric Tonne capacity stainless steel casting facility, also the only foreign majority owned, places the Company as a top ten producer in China. Terra Nostra, by meeting only a minor portion of the annual demand for these two strategic metals, is projected to earn over US$1.4 Billion in fiscal year ending May 2009.

About Terra Nostra Resources Corporation

Terra Nostra is one of the leading copper producers in China through its 51 percent interest in Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd., which has an existing and under construction production capacity of 170,000 MT (metric tons) of electrolytic copper, 20,000 MT of low-oxygen copper, and value-added copper rod and wire facilities. Terra Nostra is also emerging as a leading stainless steel producer in China through its 51 percent interest in Shandong Quanxin Stainless Steel Co., Ltd., a modern stainless steel production facility that commenced operations in early 2006 with a now expanded 230,000 MT casting mill, and a recently commissioned 150,000 MT rolling mill. The two joint venture companies, which Terra Nostra recently entered into an agreement to increase its ownership up to 90%, with total assets exceeding US$200 million and over 1000 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai. More information on Terra Nostra can be found at www.tnr-corp.com.

China 3C Group (OTC BB: CHCG, http://finance.yahoo.com/q?s=CHCG.OB)

China 3C Group Provides 2007 Guidance

May 16, 2007-- China 3C Group (OTC Bulletin Board: CHCG - News), a rapidly growing retailer and distributor of consumer and business products in China, announced that the company is providing additional information regarding the company's previously released first quarter fiscal year 2007 results. Zhenggang Wang, CEO of China 3C Group said, "We expect to record revenue in the range of $360 million to $380 million and net income of $27.0 million to $28.5 million for the fiscal year ending December 31, 2007. Earnings per share are expected to range between $0.50 and $0.54 per diluted share. As with all guidance, these statements are forward-looking and our actual results may differ materially. We also reserve the right to adjust this guidance at any time as a result of acquisitions or other strategic initiatives we may pursue.

"We are also reiterating our previous guidance regarding store openings. We expect to open 1,200 stores by the end of 2007 and anticipate opening 4,000 total stores by the end of 2010, at which time we believe we will be realizing annual revenues of $1 billion. We will also be issuing first quarter 2007 comparable-store sales data under a separate release in the next few weeks.

"The company intends to be listed on a major U.S. exchange by the end of 2007. We will update the investment community with the status of our listing as more information becomes available." Wang added, "We are pleased with our financial and operational results during the first quarter. We thank the members of the investment community who listened to our conference call and look forward to keeping all of our shareholders updated on our progress during 2007 and beyond." About China 3C China 3C Group is a leading retail chain operating more than 800 retail outlets in Eastern China. The company specializes in selling 3C products (communication, information technology and digital) in China through its subsidiary Zhejiang Yong Xin Digital Technology Co., Ltd. Among China 3C's primary attributes is its efficient distribution network and rapid logistics system. The company's goal is to become the number one retailer of 3C products in China. For more information, visit http://www.china3cgroup.com.

A profile for investors can be accessed at http://www.hawkassociates.com/chcgprofile.aspx. For investor relations information regarding China 3C, contact Joe Levinson at (989) 785-0208, e- mail: jolevinson@gmail.com, or Frank Hawkins or Ken AuYeung, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com. An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com. To receive free e-mail notification of future press releases for this company, sign up at http://www.hawkassociates.com/email.aspx.

James Monroe Capital (Pink Sheets: JMCP, http://finance.yahoo.com/q?s=JMCP.PK)

James Monroe Capital is in the Final Stages of Financing the Strat Petroleum Joint Venture

May 17, 2007-- Frank Love, President of James Monroe Capital Corp., is pleased to announce that James Monroe Capital Corp. (Pink Sheets:JMCP - News) is in the final stages of the process of completing its financing. It is anticipated that the financing will be completed at the end of this month or early next month. Frank Love states, "In many recent press releases, I discussed $270 million dollars worth of oil sludge in Bashkorstan Russia, 48 million barrels of oil reserves, (with today's price range of $50-$60 a barrel) in the Samara region of the Russian Federation, Wales Holding Corp. (Wales Gold Mining), the Ghanaian-based Gold Company with properties in the Ashanti belt region, and the formation of the James Monroe Capital Royalty Trust.

"The major hurdle that I had when I took over this company was to get it properly financed so we could pursue our deals that would provide shareholder value. We are now well on our way in doing this. The gold-asset that we acquired will help us in getting financed efficiently as well.

"We will finance the joint venture with Strat Petroleum using debt. Debt financing will also be used for our other projects, like acquiring hundreds of the thousands of Stripper Wells available in North America. I am still negotiating terms and will have this finalized shortly.

"Concerning the James Monroe Capital Corp. Royalty Trust, in order to participate in the Royalty Trust one must have a date of record June 1, 2007. Also, I am currently in talks with a potential Underwriter and Trustee for the Royalty Trust who has current and past experience Underwriting, Listing and Managing monthly dividend paying Royalty Trust with several NYSE Royalty Trust.

"I look forward to keeping you updated in these exciting times." Visit AheadoftheBulls.com to read our disclaimer

alien, actually, I know people who have been able to sell JMCP, not easy at the moment, but soon it will be easy as heck....Fast approaching deadline date of June 1 for Royalty Trust.

JMCP, closing in on 200m, 1 mm left, run gonna happen soon, easy 10 bagger...

JMCP, closing on 200m volume, 1 MM left, run gonna start soon imo, easy 10 bagger..

downtherathole, my apologies, wont be posted again...

JMCP: IMPORTANT INFO PLEASE READ, A LOT OF DD ON JMCP:


This post will consist of all press releases that have been issued from right prior to Mr. Frank Love coming on board and taking over JMCP. I will also add many other links to support each of my opinions, those who I believe to be involved, and any other info that may help someone that is trying to do some Due Diligence on James Monroe Capital.

AMERITRADE SITUATION:
JMCP is aware of the Ameritrade restriction. This took place because of old management not updating records Ameritrade requires to lift restriction. We will soon step through the motions with Ameritrade to allow trading but it could be awhile before we accomplish this. Many things inside the company are changing rapidly at this time so at some point in time Ameritrade will have necessary information they need. I can not promise shareholders when this problem will be rectified.


Interview with CEO Frank Love via Wallstreet.net
http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379

JMCP Articles of Incorporation
http://www.sunbiz.org/COR/2007/0404/00507570.tif

OBION RESOURCES & EXPLORATION, INC
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=bAHN6hbajdWpW%252fvmSkDxzw%253d%253d





OBION HOLDINGS, INC.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=pkA3U6oJfgDDtuD4O55bMg%253d%253d

THE OBION GROUP INC.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=ESed12IAcCHkMbtzcHAh9A%253d%253d

OBION Website
http://www.obiongroup.com/index.htm

JMCP Investor Relations
http://chinookinvestmentgroup.com/Home_Page.html

History of Oil
http://www.priweb.org/ed/pgws/history/spindletop/spindletop.html



James Monroe Capital Appointing New President and CEO

CHICAGO, Feb 19, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets: JMCP) has announced that it is in the process of appointing a new company president and CEO, Frank Love.
All current officers and independent contractors of James Monroe Capital will remain involved with the company. Mr. Love is excited about the projects that James Monroe Capital presently has, and has been in talks with numerous other parties about possible new business to bring to the shareholders.
Principal shareholder Taylor Moffitt said, "After talking with several top notch candidates, Chris McGovern and I feel that Frank Love is in the best possible position to represent our interests as shareholders, and bring value to the table. He has enthusiasm, energy, and has been in talks regarding a handful of deals that Chris and I are very excited about. He agrees with our position of 'no reverse stock splits' and cares about both his reputation and the long-term interests of his shareholders.
CEO Chris McGovern commented, "This is an amazing opportunity to see James Monroe Capital moving forward into a bright future. I believe that Frank Love has the integrity and the determination see growth come to fruition. He is committed to the interests of all long-term shareholders and believes in our vision of the company's future."
SOURCE: James Monroe Capital Corporation
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C02%5C19....

FRANK LOVES INFO:

Frank's Army Military background:

#1 8 years Mission Ready Force One (MRF-1)

#2 Military Actions:

Desert Storm

1yr. Haiti
1 yr. Nato Bosnia

1yr. United Nations Bosnia
1yr. Kosavo

2 Tours in Korea

Frank has been awarded 7 rows of commendations totaling 41
commendations

Currently Retired Medical



James Monroe Capital in Talks Regarding Oil Deal

CHICAGO, Feb 28, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) is in talks to enter into a joint venture to acquire three licensed oil fields in a foreign country, over 100,000 acres with 11 wells. The fields have been proven to contain reserves of 2 million tons of crude oil. That is 11 million barrels of C1 and 37 million barrels of C2.
The market value of leasing the oil fields is significantly higher than the acquisition cost, and represents the type of deal James Monroe Capital seeks.
Principal shareholder Taylor Moffitt said, "This deal could help to diversify us as shareholders, and could provide something we need: Earnings. That's why we like this. There are a lot of things we could do with only a fraction of the income from that much oil. If Frank Love can close this deal and provide that much value to the company, then we're lucky to have him, and I hope he'll consider doing another deal of this type with us. If Love nails this deal, then his candidacy for the leadership of our company will move from 'in process' to 'done.'"
No timeframe estimates or prices are being provided to the public at this time. All emails requesting additional information will be deleted. All past efforts have been "shelved" to focus on this deal, which the company has deemed as "more profitable." A combination of debt and equity may be used to fund the deal, through foreign loans and private placements at market value. No reverse stock splits will be considered.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C01....

No reverse stock splits will be considered.

I believe this had to be agreed upon between Taylor and Chris with Frank Love in order for him to take over JMCP


James Monroe Capital Closing-in on Oil Deal

CHICAGO, Mar 02, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) has moved from talks to contract negotiations regarding an oil deal which involves over 100,000 acres of land and 11 wells. The deal would be a joint venture, with funds being raised by private placement, and the company will be borrowing against its assets, namely real estate and stock, and will pay off the debt over a period of years. After the debt is paid off, and the company is cash-flowing strongly, most shareholders seem to feel that the ONYI stock should be passed through as another dividend. Present management feels that this is a good idea, but will have to evaluate the situation in the future.
Frank Love has been negotiating the deal, which represents the type of transaction the company eagerly solicits. Love has a lot riding on the deal, if he succeeds in making the company money, the reigns of JMCP will be handed over to him. Love, unlike Moffitt & McGovern, is a fan of the buyback, and has expressed interest in a buyback after the company is making money.
Chris McGovern commented, "We want people to know what we are doing. There's a fine line between keeping people in the dark and appearing to pump our company. We're trying to objectively educate the public as to what we are working on, so that investors can make their own decisions. This oil position could hedge many of us as shareholders who are participating heavily in biofuels already. I like green power, but a profitable deal is a profitable deal. If Frank nails this one, it will be good for us, big time. We don't want anyone to expect it to put a million dollars into their account, but we view it as our little lotto ticket. We might not get it, but if we don't get the deal, at least our stock didn't go down and we can try again. No reverse stock splits will be considered."
The company is experiencing email problems, and hopes to have email again next week. All previous projects have been "shelved" to focus on this project, which has more potential value.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C03....

James Monroe Capital Shareholders Vote for Conditional Buyback

CHICAGO, Mar 13, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) announces that a shareholder majority has voted and signed an agreement approving a stock buyback, subject to the company closing a pending joint venture oil deal for income.
The signed agreement also has provisions that prohibit management from doing a reverse stock split for 2 years, and states that part of the income from the oil venture has to be used to buy back its own securities, in the market, in accordance with the state and federal securities rules and regulations governing such buybacks.
The company is now working to get the joint venture agreement signed, and then to close on the oil deal itself, which requires private funding, and some financing.
The company wishes to emphasize that it aims only to please its long-term partners. The company growth strategy involves long-term growth. James Monroe Capital is a company which seeks-out unusual bargains. The company website is at www.jamesmonroecapital.com
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C13....

James Monroe Capital Appoints Frank Love as President

KILLEEN, Texas, Apr 02, 2007 (BUSINESS WIRE) -- Taylor Moffitt and Chris McGovern are pleased to announce that they have appointed Frank Love to the position of President of James Monroe Capital effective immediately.
Taylor Moffitt is excited about the deals that Frank Love has brought to James Monroe Capital. Taylor has stated, "I have reviewed numerous candidates but Frank had ideas that, if they could be brought to fruition, would enable James Monroe Capital to have earnings. This would enable James Monroe Capital to buy-back its stock and make us trade at a level that is reflective of our assets and our team."
Chris McGovern states, "this is an exciting time for James Monroe Capital shareholders."
Frank Love from here on will write all the press releases and will update shareholders periodically.
SOURCE: James Monroe Capital
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C02....

Frank Love Announces His Intentions for James Monroe Capital

KILLEEN, Texas, Apr 13, 2007 (BUSINESS WIRE) -- Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), issued the following statement on his intentions for the direction of the company.
Love stated, "When I took over this company, it had restricted shares in Originally New York and some marginal equity properties. The share price had a bid of "unpriced" and an ask of $0.0001. This meant that an investor could buy the stock but it would prove to be difficult to sell it.
I have come up with the following strategy that I will follow.
1) No reverse-splits. In my experience, when reverse-splits occur, the share price usually falls to the level that the original reverse-split started from. Shareholders usually never benefit from this. I will not reverse-split this company since I do not believe it will benefit the shareholders whose interests I hold paramount.
2) Buy-back. We have billions and billions of shares outstanding. We will remain on the Pink sheets and will never get institutional interest if this continues. I intend to buy-back as many shares as I can at $0.0001 with the revenues generated from our oil deals. In addition, I will only enter into deals where there is cash flow that will allow me to do this. This will allow our share price to increase so that we won't be a sub-penny as well as to provide a bid price with which investors will have an exit strategy. Our share price should eventually reflect the assets that we have placed inside of it.
3) Exchanges. Once the buy-back has been completed and our outstanding share-structure has been drastically reduced, I intend for us to move to either the AMEX or Nasdaq. In addition, I would like a dual listing on the AIM or Frankfurt.
Please be patient with both our new management team and myself as we execute this strategy."
SOURCE: James Monroe Capital
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C13....

James Monroe Capital Corp. (JMCP) Announces Its Chief Financial Officer

KILLEEN, Texas, Apr 16, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love, stated, "Now that we are a 100% bona fide Oil Company with several large Oil deals signed and sealed, it's time to announce who our Chief Financial Officer is."
Mr. Anthony (Tony) Gouveia CFO:
Mr. Gouveia is a CFO or Director of a number of companies in various industries. His expertise is focused on acquisition of capital, sale and acquisition of companies, IPO process and formulating effective business strategies to maximize return to shareholders and investors. Mr. Gouveia was the Vice President of Finance and Corporate Controller for the Unilab Corporation (Unilab). Mr. Gouveia was involved in the following regarding his tenure at Unilab: (1) taking the company public raising $125 million; (2) subsequent to the IPO, the company sold 9.2 million shares in a secondary offering; and (3) the company was sold for approximately $900 million. The market cap of Unilab, when Mr. Gouveia joined the company, was under $200 million. Unilab's IPO was considered one of the most successful IPO's as reported by The Wall Street Journal. Unilab had the highest profit margins in the industry. Prior to Unilab, Mr. Gouveia was the CFO for Winston Tire Company (Winston). In two years, Mr. Gouveia improved annual cash flow by $2 million increasing the value of the company by $20 million, acquired 3 companies and integrated their operations and developed a long-term plan to reverse 10 years of losses prior to Mr. Gouveia joining the company, which was on target during his tenure at Winston. Mr. Gouveia spent several years as an auditor for large international accounting firms.
Mr. Gouveia's approach will be to assist Mr. Love to invest our financial resources in a disciplined manner to provide the best possible return to investors/shareholders. This means focusing on the right businesses/products. Mr. Gouveia stated, "As CFO, I will assist Mr. Love in evaluating our businesses/products to ensure that they meet our standards for financial performance, growth and return on investment."
Love further stated, "This caliber of Chief Financial Officer, directly reflects the direction in which James Monroe Capital Corp. is headed."
SOURCE: James Monroe Capital Corp.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C16....

James Monroe Capital Corp. Enters Agreement to Purchase Building Housing Killeen Headquarters

KILLEEN, Texas, Apr 17, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) announces it has entered into an agreement to purchase the building housing its headquarters located at the following address:

James Monroe Capital Corp.
314 E. Ave. B
Killeen, TX 76543

Frank Love, President of James Monroe Capital Corp., stated, "Purchasing the building that houses our oil company just makes perfect sense. The amount of oil we are going after cannot all be refined in my lifetime nor yours. Establishing a permanent headquarters for the next generation of James Monroe Capital Corp. leaders is a prudent move on our part now, as we pave the way of the future. With capitalism emerging worldwide in countries like China, Russia, and India, their dependence on oil will rapidly increase through the years. James Monroe Capital Corp. will be there to meet that increase."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C17....

James Monroe Capital Corp. Appoints Directors to Have a Complete Management Team

KILLEEN, Texas, Apr 19, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP):
James Monroe Capital Corp. President Frank Love, states, "We have appointed Directors to form our management team. Heading up this management team is Chief Financial Officer Anthony (Tony) Gouveia, followed by Secretary-Treasurer Alex Desousa and Chief Operations Officer Kamran Khan."
Kamran Khan is a well-known businessman and athlete in the USA and around the world. In 1971 Kamran Khan came to the U.S. to continue his higher education. In 1972 he earned his Masters Degree in International Relations from Villanova University, and immediately was offered a position in International Banking at Fidelity International Bank, where he worked for several years before starting his own businesses. In recognition of his outstanding abilities for building and running successful businesses, he was elected the President of Bryn Mawr Business Association.
Besides his tremendous success as a businessman, Kamran Khan has a remarkable history as an athlete. He has the distinct honor of representing the United States National Cricket Team for 20 years as Captain and Co-Captain. His personal cricket achievements account to over 100 trophies, including All-World honors, Man of the Match, Best Bat, Best Bowling, 4 ICC trophies, and a Hall of Fame in 2000.
He was the President of the United States Cricket Association for two years. As a president of the USA Cricket Association, Mr. Khan developed, coordinated and promoted a wide spectrum of activities and projects for the betterment of cricket in America.
In 1972 Kamran Khan became the Head Cricket Coach at Haverford College, where cricket has been played for over 150 years, and continues to coach cricket at this premier institution for 35 years, maintaining the college's historic tradition in the sport.
Mr. Desousa has 12 years of Accounting, Auditing and Finance and 7 years of Database Management consulting, Credit and Risk Management, Financial Analyst, Business Analysis and Project Management. Most of the consulting work has been for well-known companies such as Verdi-Rock Real Estate Development, Rogers and AT&T, Manulife Insurance (Hancock), Direct Energy (Energy America in Georgia and Power Republic in Texas) Hewlett Packard, Canadian Imperial Bank of Commerce, TD Securities (TD Waterhouse), RBC for offshore investments (Bahamas, Cayman, Barbados, Miami and Singapore) and AutoDesk Software Development.
Mr. Desousa has a well-diversified experience in several industries from his accounting and auditing in the early nineties to his present position as business analyst and project manager.
Mr. Desousa has great knowledge of experience in the area of property management, real estate development, energy, mutual fund management, logistics, insurance and banking, software development and software consulting.

Alexander Desousa
25 Oscar Romero Place
Toronto, Ontario
M6N 5A5
finanz_alex@yahoo.com

Objective:
To obtain a position as a Financial Analyst or Business Analyst
applying my diversified skills and knowledge in Finance, Scorecard, Statistics and Database management to the benefit of the Organization.

PROFILE:
Experience in Developing decision support tools and problem solving with strong process analysis and negotiation skills in business. Results-oriented analytical and committed to the bottom line results. Languages: Fluent in French and Spanish (Conversation and Writing) also basic knowledge of Portuguese, Italian and German Key Accomplishment Developed a Data base that keeps track of credit card collected per customer service agent – Rogers Implemented, designed, data migrated and tested of new multi-user Accounting system NewStar- Verdiroc
Developed a Centralized budget system in excel to reduce data input and repetition. – Verdiroc Designed a multi-level troubleshooting process for Internet customer
technical support Serso.com Developed customized routines for report generation and trained end- users - Fixture Exchange
Handled the successful automation of an invoicing system – Telebooks Developed a system to track bank account balances and changes in daily cash positions - PhoneWorks
Set up monthly accounting policies and practices for three client
Companies - Sport-Mate Services Technical Skills

Operating Systems
Windows NT/98/95/3.1, DOS 6.x Unix (Solaris) and Linux 6.1
Database MS Access, Oracle SQL, dBASE IV, FoxPro.

Applications
Accounting
ccPac G/L, Minicom , NewStar, Simply Accounting, AccPac, Business Vision

Business Intelligence Tools
Crystal Report, COGNOS, Web-Focus (MRE)
ERP, Microsoft and Internet applications
Visual Basic 6, ASP,MS Project, Excel (Macros, Pivot), Power
Point, ,Visio, ,Lotus Notes, ,HTML, SAP Admin and Financial

Experience
Hewlett Packard (Contract) May 03 - Present
Business Report Analyst - Operation ad Sales Department.
* In Charge of extraction of data from different sources in
different formats and converting it in to useful information using SQL Access and Excel pivot tables.
* In Charge of extraction of data and reports from SAP R/3 and
Oracle by using Obdc connectivity and converting this reports in to useful information tools for the user
* Designed and Developed Ms Access databases using Microsoft Access database
* Reviewed Processes to recommend and implement enhancement to the HP and Compaq integration transition.
* Reviewed processes and implement applications solutions to reduce the Information retrieval time.

Direct Energy Canada (Energy America) (Contract ) June 01 - Feb 03 Business Analyst - Operation and Collection Department
¨ Extraction of data from different sources in different formats
with use of Ftp and converting it in to useful information using Sql Access to upload in to the Dialer and other data bases.
* Designing and Developing Ms Access databases using access and Visual Basic 6.
* Generating reports with the use of Crystal Report.
* Reviewing Processes to recommend and implement enhancement to increase productivity by using flow charts and productions models in Visio and PowerPoint.
* Analyzing data, using trends and comparison in Excel and Access * Developing Excel Worksheet and templates with advanced features like macros and function.
* Reviewing Processes and implement applications solutions by using Access or SQL to speed up the
Information retrieval time.
* Monitor and insure that the budget is within the department
standards and objectives.

Manulife Canada March 01 - June 01 (Contract)
Financial Business Analyst Finance and Information Services
Department * Producing and Developing Statistical Reports to Monitor the performance of several E- commerce Projects and Network Projects and all the business division of Manulife.
* Developing methods measure business trend and measure
productivity.
* Reviewing processes and methodologies to recommend and implement enhancement to increase efficiency by the automation and streamlining business functions and activities with the use flow charts and financial models in excel.
* Conducted monthly audit on the status IT pending issues like
systems outages, assuring immediate response time and the problems were escalated to appropriate levels .

Rogers and AT&T Communication March 00 - March 01
Business Analyst Process and Planning Department
¨ Producing and redesigning Statistical Reports to support the
business operational need.
¨ Developing methods of measuring productivity with use excel
advanced functions.
¨ Recommending solutions to tighten credits checking, and reduce days outstanding on A/R.
¨ Reviewing Processes to recommend and implement enhancement to increase productivity by using flow charts and financial-productions models in excel.
¨ Reviewing Processes and implement applications solutions by using Access or SQL to speed up the
Information retrieval time.
¨ Extraction of data from different sources, in different formats
and converting it into meaningful information in access or excel
format.
¨ Monitor and insure that the budget is within the department
standards and objectives.
¨ Generating databases reports, queries, creating tables.
¨ Analyzing data, using trends and comparison in Excel and Access
¨ The creation of flow charts for report and data flow.

Verdiroc Holdings (Real Estate Development Company) May 99 Feb 2000 Budget Analyst and Accounting System Implementator (Contract)
¨ Producing management and budget report in various construction projects On a monthly basis for proper Financing to keep adequate cash flow.
¨ Monitored of variance on budget versus actual.
¨ Assisting in the implementation data migration and testing of new Network and multi user Accounting system called NewStar which is written in Progress, a database like Oracle Financial.
¨ Analyzed the Business need to design and create the new G/L and Job cost Reports.
¨ Learned the newstar system and taught the accounting department on how the use the software.
¨ Transferred Information to access database from accounting system using data transfer tools.

Nelbar Financial Investment Banking & Essex Capital Management Jul 1998 Apr 99
Accountant (Mutual Accountant)
¨ Developed a computerized accounting system from setup of the G/L to the creation of detailed and summarized Certified Investment Certificate client reports (Nelbar Financial)
¨ Assisted the C.F.O Essex Capital Management, the sister company, covering in his absence (the CFO); handled accounting operations, daily and weekly cash flow, bank and trading reconciliation.
¨ Journal Adjustments of stocks Re-evaluations (Gains and Losses) and Foreign Exchange.
¨ Month End Journal accruals, and other month end Jr entries to
prepare the financial reports .
¨ Monthly Financial Report for the Investment Dealer Association
reporting (MFR)

John Davies C.A. Firm. Mar 1995 July 1998
Accountant/Systems Administrator and Collections (Contract )
Sport Marketing Strategies, The Toronto Brigantines, Telebooks and Legal Index Inc.
* Performed accounting duties related to the preparation of
Financial Statement * Maintained and trouble shooted the computerized system.
* Participated in the installation and integration of a multi-user
accounting system and set up the billing module and G/L system using Business Vision.
* Analyzed the business & set up the G/L and the chart of accounts and tested transactions.
* Prepared working papers and lead sheets for auditors for financial statements
* Audited, tested and set up internal controls

Stilc, Unicorn Properties, Suncor and Airluso International July
1993 Feb 1995 Financial Accountant
* Developed a database using FoxPro to handle payroll for 50
employees * Maintained and updated construction cost reports on Unicorn properties.
* Produced financial statement and a special report for the Travel Industry Commission
* Conducted Inter Company Reconciliation for the four companies.
* Assisted auditors with working papers and lead sheets for year end statements

PhoneWorks and Teleclassified Ltd. Feb 1991 - June 1993
Sub-Controller/Cash Manager
* Designed and implemented a computerized system to track 14 inter- city bank account balances and monitor the daily cash positions to ensure proper cash flow
* Controlled the cash management of 14 bank accounts in several cities in Canada and the US to meet the weekly cash requirement to cover fixed costs for four branches
* Monitored and investigated causes of variance analysis on budget versus actual.
* Conducted Inter Company Reconciliation
* Handled all accounting functions to creation of Financial
Statements


EDUCATION
CFA Candidate Level I (In Progress)
Canadian Securities Course - IDA (In Progress)
Economic Analysis Certificate - Ryerson University 2001
Computer Programming and
Systems Analysis Diploma - Toronto School of Business 1997
Accounting Diploma - Seneca College 1996
Business Administration Certificate - Seneca College 1991


OTHER STUDIES
E-Commerce Certificate - NTG Istitution 2003
Oracle Administration Certificate - NTG Institution 2002
Visual Basic Certificate - SouthSoft Software Training Institute 2001 Unix Solaris 10 Wks Certificate of Completion -
Xincon Computer school 1999

Professional Membership:
Member of the Institute of Internal Auditors (IIA).

Volunteer work
Chairman of the Finance committee for La-Paz Co-op mainly in charge of the approval and presentation of the annual budget, work in relation with the auditors and provide recommendations on cost and internal controls.

http://alexanderdesousa1.tripod.com/id3.html
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C19....


Kamran Khan
Head Coach, Cricket
Haverford College
370 Lancaster Avenue
Haverford, PA 19041
610-896-1117
kkhan@haverford.edu


Kamran Khan has been instructing cricket at Haverford for over a
quarter of a century, maintaining the college's historic tradition
in the sport.

Since he became coach in 1974, Khan has helped the Fords' cricket fortunes flourish, with several successful tours, most noteable among them trips to England and Scotland in 1990 and an undefeated tour of England in 1996. He meanwhile represented the United States in international competitions until 1994, earning All-World honors in 1976 and captaining the U.S. from 1980-92.

As a president of the USA Cricket Association in 2000-01, Khan
developed, coordinated and promoted a wide spectrum of activities and projects for the betterment of cricket in America. He organized and conducted the U.S. teams tour to England in August 2001, as well fund raising and resource allocation for the International Cricket Council competition in Toronto that year

Kamran Rashid Khan began to play cricket in Pakistan when he was 4 years old. Since then cricket has become such an essential part of his life that he could not imagine himself apart from cricket. Anywhere he went or lived in the world, cricket was always with him. He represented Government College Lahore, Punjab (as captain) and Pakistan Universities. In 1969-70, he was awarded Pakistan's highest university sports award -- University Blue. Khan came to U.S. in 1971 to earn a Masters degree from Villanova (Pa.) University, and first learned of Haverford cricket while passing by the College. He
was soon urged to become the teams coach.

Besides his devotion to cricket, Kamran Khan has successfully
developed and managed several personal businesses. He has been on the board of directors of the Bryn Mawr Business Association for many years and presently operates Galina Oriental Rug Gallery in Blue Bell, Pa.
James Monroe Capital Creates a Subsidiary

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P07000041205&inq_came_....


KILLEEN, Texas, Apr 24, 2007 (BUSINESS WIRE) -- Frank Love, President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce the formation of a wholly owned subsidiary named "JMCP Acquisition Inc."!
Frank Love states, "We needed to create this subsidiary to place some assets in. The subsidiary was formed in the State of Florida. We needed the assets so that we could get favorable terms on our financing. The financing was used for our oil deals.
"Details of the asset placed inside of JMCP Acquisition Inc. will be announced shortly. I appreciate your enthusiasm and all will be revealed!"
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C24....

JMCP Acquisition Inc. in Last Stage of Gold Company Acquisition

KILLEEN, Texas, Apr 26, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital Corp. (PINK SHEETS:JMCP), is pleased to announce that he is finalizing an agreement with which to acquire a Ghanaian-based Company with rights in a concession located along the prolific Ashanti Belt.
The Ashanti Belt has an overwhelming history as a region rich in precious metals and minerals. In addition, it hosts some of the largest mines in the world. Many of the producing mines along the belt run in a NE trending line with other producing mines. This infers a high expectancy of mineral rich soils that contains gold specifically in mines and concessions that lay along the trend.
The concession is currently the subject of a 43-101 compliance review to verify its positive results to date, and its current operations are headed by a world class and highly respected local geologist.
Frank Love states, "I am excited for JMCP Acquisition Inc. (a James Monroe Capital Corp. Wholly Owned Subsidiary) to acquire this company with its amazing potential."
Our new Investor Relations is Chinook Investor Relations Group LLC, http://www.chinookinvestmentgroup.com/. For more information contact Harold Engel at info@chinookinvestmentgroup.com.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C26....
Ashanti belt
Ashanti belt of Ghana constitutes a gold province which has produced a total of about 1500 t of gold historically. Gold mineralization is found in steep, NNE-SSW to NE-SW trending shear zones pre- dominantly transacting metasediments of the Palaeo- proterozoic Birimian Supergroup (2.2–2.1 Ga), dis- seminated in ca. 2.1 Ga granitoids, in paleo-conglom- erates of the Tarkwaian Group (< 2135 Ma), and in recent placers. The distribution of gold, its chemistry, paragenesis and mineralogical siting in the mesothermal ores of the major mines in the Ashanti belt, namely Konongo, Ashanti, Bogosu and Prestea mine, are the
subject of this study.


At the localities studied, gold is present in two main types of ores:
1. Quartz veins with free-milling gold. The gold is rela-
tively silver-rich (true fineness values from 730 to 954)
and is accompanied by a distinct suite of Cu, Pb, Sb
sulfides. 2. Sulfide ores, consisting of arsenopyrite, pyrite
and rarer pyrrhotite and marcasite, with refractory gold.
The ores have apparent fineness values larger than 910.
Arsenopyrite and locally (at Bogosu) pyrite were iden-
tified as the hosts of submicroscopic gold. Mean con-
centrations of gold in arsenopyrite in various samples
from the different mines, obtained by secondary ion
mass spectrometry (SIMS), range from 67 to 314 ppm
Au. Gold concentration mapping in individual arseno-
pyrite crystals from the different deposits revealed simi-
lar patterns of gold distribution: the grains possess a
gold-poor core, and elevated gold contents are presentalong distinct crystal growth zones towards their rims.

The outermost crystal layer is usually gold-poor. The
well-preserved distribution patterns also indicate that
remobilization of gold from the sulfides played an in-
significant role in the ores of the Ashanti belt. Multiple
quartz veining and growth zoning of the sulfides are
interpreted as manifestations of multiple episodes of
fluid infiltration, fluid flow and mineral deposition. The
bimodal occurrence of gold in spatially closely asso-
ciated quartz vein and sulfide ores indicates a genetic
link between these ore types. A model implying a grossly
coeval formation of the ores from mesothermal fluids is
proposed.IntroductionA geochemical enrichment from Clarke-values by a factor of about 1000 is required to form economic gold mineralization. However, at ore concentrations com-
monly between 1 and 10 ppm, gold is still a trace element
whose distribution and mineralogical siting in the ores is
of extreme importance for the metallurgist and the re-
searcher working on the genesis of gold deposits. In the
mesothermal gold mineralizations of the Ashanti belt of
Ghana, gold displays a bimodal distribution; being
present both as free-milling gold in quartz veins and in
the form of submicroscopic or ‘‘invisible’’ (< 0.1m)gold in refractory sulfide ores. Both ore types are spa-
tially closely related to each other, indicating a genetic
link between them.The observed relationships are not unique to the oresof Ashanti belt, but are known from many mesothermal
gold deposits, mainly of Archean age, worldwide. In
this respect, Boyle (1979) provided a compilation of
earlier literature, and more recently Cabri et al. (1989),
Cathelineau et al. (1989), Wu and Delbove (1989), Cook
and Chryssoulis (1990), and Fleet et al. (1993) reported
on advances in determining the state and location of
‘‘invisible’’ gold in sulfides.

James Monroe Capital Corp. to Form a Shareholder Royalty Trust

KILLEEN, Texas, May 01, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love states, "With recent developments concerning the enormity of the Oil deals and the creation of a subsidiary and several Joint Ventures with ongoing concerns reaching as far as Russia, we are about to embark on a path that will directly affect every current James Monroe Capital corp. investor and I want to properly identify each and everyone of them, to ensure each receives their fair portion of any and all yields from this investment. By forming a JMCP Royalty Trust in which to put JMCP shareholders of record, the Company can move forward with the confidence in knowing no one was left behind. A trust account is being set up with a major World Wide brokerage firm to encapsulate the entire James Monroe Capital Corp. shareholder base. The Date of Record for capturing the JMCP shareholder of record list is currently set for Friday, June 1st, 2007."
Love further states, "This is a very special time for James Monroe Capital Corp., it's Subsidiary JMCP Acquisitions Corp., Joint Venture Partners, and most of all its loyal shareholders. I want to make certain everything is done right; the deals we have now closed and the ones we will close in the very near future are testament to the iron clad steel resolve of James Monroe Capital Corp.!"
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C01....

Some Info on Royalty Trust
Royalty trust
From Wikipedia, the free encyclopedia

A royalty trust is a type of corporation usually involved in mining.
It is taxed according to special regulations, whereby its profits
are not taxed at the corporate level provided a certain high
percentage (e.g. 90%) of profits are distributed to share holders as dividends. The dividends are then taxed as personal income.
This system, similar to real estate investment trusts, effectively avoids the double-taxation of corporate dividends.

Royalty trusts typically own oil or natural gas wells, or the
mineral rights of wells. Corporate shares generally trade on the
public stock markets. They are a powerful investment tool for people who wish to invest directly in oil or natural gas, but who don't have the resources or risk-tolerance to buy their own well.
Additionally, since trusts often own numerous wells, they represent a convenient way for the average investor to diversify investments across a number of properties.

Royalty trusts often attract investors with their relatively high
yields. This makes the shares sensitive to interest rates, as share prices are likely to decline in periods of rising interest rates, and to rise when interest rates fall.

Royalty trusts are found in Canada and the United States. Canadian royalty trusts, called CanRoys, typically trade on the Toronto Stock Exchange, while some of the larger trusts also trade on the New York Stock Exchange. CanRoys usually offer higher yields than U.S. trusts; for non-Canadian investors, this higher yield is somewhat reduced by a foreign tax withholding that is absent in the U.S. trusts.

Royalty trusts were created by T. Boone Pickens in 1979 in response to the difficulty that Mesa Petroleum had in replenishing its oil reserves. Through royalty trusts, he was able to substantially decrease his amount of effective reserves and avoid the difficulty of replenishing them.

Investment trust
Income trust
Publicly-Traded Royalty Trusts
BP Prudhoe Bay Royalty Trust
Cross Timbers Royalty Trust
Dominion Resources Black Warrior Trust
Harvest Energy Trust
Hugoton Royalty Trust
LL&E Royalty Trust
Marine Petroleum Trust
Mesabi Trust
Mesa Royalty Trust
North European Oil Royalty Trust
Permian Basin Royalty Trust
Pengrowth Energy Trust
Provident Energy Trust
Sabine Royalty Trust
Santa Fe Energy Trust
San Juan Basin Royalty Trust
TEL Offshore Trust
Tidelands Royalty Trust B
Torch Energy Trust
Williams Coal Seam Gas Royalty Trust

The Truth on Trusts
Canadian Association of Income Funds
Taxation of Income Trusts: Was it Worth the Cost and the Turmoil? By Yves Fortin Retrieved from http://en.wikipedia.org/wiki/Royalty_trust"

James Monroe Capital Enters into Talks with Oil Company for a Possible Joint Venture

KILLEEN, Texas, May 03, 2007 (BUSINESS WIRE) -- Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that James Monroe Capital has entered into talks with an oil company that has up to $270 million dollars of unrefined crude. The value of this inventory has not been realized due to two factors.
Firstly, the oil company needed financing to obtain the processing equipment to be placed at the various sites where this inventory sits. This will be one of the terms that James Monroe Capital may have to fulfill. In addition, this may help shareholders understand the reason behind acquiring a gold asset.
Secondly, the oil company needed the technical expertise through a solution in obtaining the oil from its present state. Frank Love states, "We are based in Texas (The Big Oil Patch) and with my knowledge and that of my contacts, we have helped to obtain the solution to this Company's rather complex problem."
Details will be announced in the very near future once the deal has been finalized.
Frank Love states, "This is an extremely exciting time for James Monroe Capital, its Subsidiary and its Loyal Shareholders. We could potentially have significant revenues."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C03....

JMCP Acquisition Inc. Completes Acquisition of Gold Company

KILLEEN, Texas, May 04, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that JMCP Acquisition Inc. has purchased Wales Holding Corporation, the parent company owning, Wales Gold Mining Ltd. The merger is complete pending approval of the Florida Certificate of Merger, expected momentarily. Wales is the Ghanaian-based company referred to in the previous press release dated April 26th, 2007. Wales is an owner in the mineral rights of the 23 square kilometer WD concession along the Ashanti belt.
The Ashanti Belt hosts some of the largest mines in the world, which include the Abbosso, Tarkwa, and Iduaprim mines. These mines have produced millions of ounces of gold.
WD has a world-renowned geologist heading up operations, and frequently outsources a team of highly respected geologists. WD is currently undergoing a 43-101 compliancy through SRK to further verify its positive results.
Frank Love states, "This acquisition by James Monroe Capital brings us one step closer in realizing our goal of finalizing our joint-venture with an oil company. At this time I do not want shareholders calling the company or myself. We are extremely busy and will not reveal any inside information. I will reveal additional information through further press-releases."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C04....


WalesHolding
www.walesholding.com

James Monroe Capital Corp. Briefs Shareholders on Recent Developments

KILLEEN, Texas, May 07, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (Pink Sheets: JMCP) President, Frank Love states the following, "Concerning the recent press releases about the several hundred million dollars worth of Crude inventory and the royalty trust now being formed, I am extremely pleased with everything moving forward at a blistering pace. Obviously, James Monroe Capital Corp. is on the move. Virtually everything has fallen into place. Events that have taken place in order to put the $270 Million dollars worth of Crude inventory deal together were quite complex in nature, but our international team of professionals are making it happen in a timely manner.
"Recently, I spoke about forming a royalty trust to disburse any and all yields from our business ventures. Shareholders with a date of record of June 1, 2007 will be placed into the royalty trust on a pro-rata basis. Holding onto your positions during this time are absolutely critical due to the fact we suspect that there is a short position on our stock and some brokerage services are no longer allowing open purchase orders for this security. Obviously the company is looking into this situation and hopes to be fruitful in our endeavors so that anyone wanting to participate in the James Monroe Capital Corp. royalty trust will have the same opportunity as everyone else.
"Regarding an earlier press release where I spoke of multiple deals signed and sealed, the $270 Million dollars worth of Crude deal is the first of three very large Oil deals we are working on. The two other large Oil deals will be revealed shortly as soon as all documentation is file stamped with State, Federal and Foreign Governments.
"Nothing will stand in the way of James Monroe Capital Corp. as we capture our percentage of the very lucrative Oil and Gas market that was made available to us through my international contacts. Opportunities currently being presented to James Monroe Capital Corp. will ensure even more growth of our company in the near future. We will continue to update our progress in a timely manner and I hope to have all available information concerning all of the Oil deals out before the June 1, 2007 date of record."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C07....


JMCP: 40 Barrels an hour x 24 hours = 960 barrels a day

$60 per barrel, 960 per day x 60
(price of oil per barrel) = 57,600

57,000 x 365 days a yr = $20,805,000 a yr, that’s just one deal



May 10 2007 2:14PM ET
StockProfiler.US: Stocks On The Move!
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C07....

James Monroe Capital Corp. Explains the $270 Million Dollars Worth of Waste/Sludge Oil Deal and Royalty Trust

KILLEEN, Texas, May 10, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (Pink Sheets:JMCP) President, Frank Love states, "The Company is in negotiations to form a strong alliance through our Joint Venture with a US company having operations in the oil and gas industry of the Russian Federation, to participate in this very lucrative market. Closing this agreement will be one heck of a first cast of the net for James Monroe Capital Corp. into the Oil & Gas market. The Company having access to oil waste that could generate several $100 Million dollars of revenue, contained in above ground pits was a second awesome cast of the net. When we were notified of the potential to acquiring rights to oil wastes sites is practically unlimited, we were absolutely floored.
The oil waste sites the JV will be pursuing initially, are ones that are mainly an oil and water mixture, where the water is spun out via a mobile centrifuge plant that can process at least 10 metric tons per hour, this equates to roughly 40-50 barrels of waste oil per hour, per centrifuge plant. Mobile centrifuge plants cost roughly $500K each and can be easily moved from location to location via 18-wheeler transports and are operated by a two-man crew. Today's oil prices in the $60 per barrel range equate to potentially substantial gains."
Frank Love explains the Royalty Trust, "The James Monroe Capital Corp. Royalty Trust will be a balanced mix of James Monroe Capital Corp. revenue producing oil properties, located throughout the world, Gas & Oil royalties like Sabine Basin Royalty (SBR), Energy Trusts such as Prime West Energy (PWI), and Pengrowth Energy Trust (PGH). This allows our royalty trust to earn revenues in the form of dividends, interest and royalties from the various operations and joint ventures we participate in whether in North America or across the globe in Russia.
"By having these NYSE Blue Chip REITs, Royalties and Trust embedded into the James Monroe Royalty Trust, with each paying dividends month after month, year after year and in some cases decades. We establish our James Monroe Capital Corp. Royalty Trust with the power of the NYSE as our foundation."
Frank Love further states, "June 1, 2007 will be another great milestone for James Monroe Capital Corp. Having any and all short positions closed from that date forward, because nobody wants to be caught short when your dealing with dividend paying NYSE; REITS, Royalties and Trust, will allow us to see an actual picture of what our stock will look like as we move into the buy back phase of our companies common shares. We will announce our monthly buy backs via a press release and only buy back shares in the open market. Our transfer agent, 1st Global Transfer Agency, will then cut a treasury certificate for the retired shares of which will be publicized as retired with certificate number. We will not reverse split our stock."
For the record Frank Love states, "I own no common shares, I have money that I made with my other business ventures. I will only take pay once this company is profitable. This is the way I do business. When I took the position as President of James Monroe Capital Corp. there were 45 Billion shares issued and basically no assets left in the company and the stock sitting at .0001. I feel James Monroe Capital Corp. is strategically positioned to carry our company and extremely loyal shareholders well into a very successful future."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C07....

Energy Royalty Trusts

Background
Energy Royalty trusts are neither stocks nor bonds, although they share some of their characteristics. Investment trusts are created to hold interests in operating assets, which produce income and cash flows that are passed through to investors. A "trust" is a legal instrument, which exists to hold assets for others. A "trust" investment that uses a trust (the legal entity) to hold ownership of an asset and pass through income to investors is called a "securitization" or an "asset-backed security".

The trust can purchase common shares, preferred shares or debt securities of an operating company. Royalty trusts purchase the right to royalties on the production and sales of a natural resource company. Royalty Trusts are attractive to investors because they promise high yields compared to traditional stocks and bonds. They are attractive to companies wishing to sell cash flow producing assets because they usually provide a much higher sale price, or proceeds, than would be possible with conventional financing. The investment characteristics of both types of trusts flow from their structure. To understand the risks and returns inherent in these investments one must go beyond their promised yield and examine their purpose and structure.

Oil, gas and coal Royalty Trusts pay monthly or quarterly dividends (royalties) based on the prices paid for their already discovered natural resources. Dividends currently range from 6% to 12% from the various Royalty Trusts available on either the New York or American Stock Exchanges. Separate operating companies are contracted to produce, market and sell the resources, so there is no exploration risk. The prospectus for these Royalty Trusts talks about 'forecasted' revenues and earnings. Oil companies also realize that 'proven reserves' have an element of guesswork, and that there might be less oil in the ground, or it may be more difficult to recover than expected. This means that the 10% "yield" is not fixed in stone. As with all investments, one must take the time and do a complete analysis.

U.S or Canadian
There are a few key differences between Canadian energy trusts and U.S. royalty trusts. U.S.-based royalty trusts (which are legally precluded from making acquisitions financed by new debt and/or equity and, therefore, cannot as readily replace depleted reserves) are essentially blow-down investment vehicles. Canadian energy trusts are very different. In fact, Canadian energy trusts have managed, during certain extended periods, to actually increase per trust unit production, discounted cash flow value and distributions, in addition to maintaining reasonable monthly or quarterly distributions on the trust units. The ability to acquire assets and finance them with new equity, combined with a tax-efficient structure, leads to a financial vehicle that is radically different from its U.S. counterpart.

Apart from the ability to grow and replace reserves, there are other noteworthy structural differences between Canadian energy trusts and their U.S. counterparts. The most significant difference relates to the substantial component of U.S. royalty trust assets that are actually overriding royalty interests, as opposed to the vast majority of Canadian energy trust assets, which are operated and non-operated working interests. In this sense, Canadian energy trusts are more similar to conventional oil and gas production companies (with no higher-risk exploration activities) than U.S. royalty trusts, which in many instances can be more accurately characterized as financially structured derivative instruments to oil and gas assets.

Canadian energy trusts appear to offer a somewhat higher yield than their U.S. counterparts, which may, at least in part, reflect the overriding royalty nature of the U.S. royalty trusts' cash flows (and, therefore, lower operating leverage and capital requirements). The U.S. royalty trusts typically have no debt, reflecting the blow-down character of their assets and operations and the absence of acquisition activity. Meanwhile, Canadian energy trusts do carry some debt, reflecting previous acquisition activity and development capital, which are typically funded, in whole or in part, with debt.

Some U.S. Oil, Natural Gas and Coal Royalty Trusts include;
BP Prudhoe Bay Royalty Trust (BPT)
Cross Timbers Royalty Trust (CRT)
Dominion Resources Black Warrior Trust (DOM)
Eastern American Natural Gas Trust NGT
Hugoton Royalty Trust (HGT)
LL&E Royalty Trust (LRT)
Marine Petroleum Trust (MARPS)
Permian Basin Royalty Trust (PBT)
Sabine Royalty Trust (SBR)
San Juan Basin Royalty Trust (SJT)
Santa Fe Energy Trust (SFF)
Torch Energy Royalty Trust (TRU)
Williams Coal Seam Gas Royalty Trust (WTU)
Most Canadian royalty trusts are listed only on the Toronto stock exchange. However, the following trusts are traded on either the New York or American Stock Exchanges.
Enerplus Resources Fund (ERF)
Pengrowth Energy Trust (PGH)
Petrofund Energy Trust (PTF)
PrimeWest Energy Trust (PWI)
Provident Energy Trust (PVX)
Tax Considerations
For U.S. investors, the tax treatment of a Canadian royalty trust's dividends depends on whether the trust is registered in the U.S. as a foreign partnership or as a corporation. The differences are far too complicated to detail here. The Canadian government applies a 15% non-resident withholding tax on distributions to U.S. investors. However, U.S. citizens can apply for a refund for at least a portion of the amount withheld.

Some Royalty Trusts may also pay Section 29 Tax Credits if they are producing Fuel from Non-conventional Sources (FNS) such as coal seam gas (coal bed methane or CBM) and other fuels such as biomass methane from waste landfills or livestock manure. Tax credits may be used to reduce income tax from other sources of income (i.e. active, passive, earned, unearned, dividends, interest, rents, IRA and pension withdrawals. You should obtain specific income tax advice from a qualified tax professional before considering any investment.

Unit holder Liability
Canadian trusts are not corporations, and in theory at least, unit holders have unlimited liability for the actions of the trust. In practice, however, most experts consider it unlikely that individual unit holders will ever be held liable for the trusts actions. However we are not experts on the subject, and recommend you contact a trust directly regarding unit holder liability before investing.

Other Issues
Much of the attractiveness of investing in Canadian royalty trusts hinges on the trust's tax-free status. This status hinges on each trust's ability to qualify for Canadian mutual fund status. The status requirements are somewhat vague, but Canadian mutual funds are intended as investment vehicles for Canadian citizens. Some individuals within the Canadian royalty trust community have expressed concern that increasing participation by U.S. investors may cause the Canadian government to either restrict foreign (U.S.) ownership or otherwise change the rules. To avoid bringing that problem to the forefront, most trusts are attempting to limit foreign ownership to 49%, but there is no guarantee that staying below that limit will insure a trust's mutual fund status.
Mobile centrifuge
Mobile centrifuge, is used to separate the solids from volumes of liquid that contain solid particles. This may be a process stream or a waste product from a process.

This separation effect occurs in just the same way as it would in a settling tank but in the case of the centrifuge the tank is in the form of a stainless steel bowl that is spun at high speed. This increases gravity from a factor of one as in nature, up to three thousand in some cases. The settled solids accumulate at the bowl wall and are then discharged by means of a helicoidally shaped screw known as a scroll, which pushes the solids from the cylindrical section of the bowl, up through the conical section and towards the discharge ports. The liquid phase, known as the centrate, finds its way back down the centrifuge bowl where it flows out over a “weir plate”, as it would in a lagoon, and falling by gravity down the discharge pipe.

The process of separating the liquid from the solid matter is sometimes called dewatering. In waste streams centrifuges are used to minimise the amount of liquid that is being hauled away, and produce solids suitable for disposal to landfill sites, land spreading or even incineration. In certain processes chemical flocculants may be added to aid the process of separation.


Replaceable liners at points in contact with solids for easy servicing on site.
Unique dual angle conical section which increases scroll life.
Low weight rotating assembly due to use of Duplex Steel and its high tensile strength
Low power consumption
Automatic, hydraulic scroll drive system so no gearbox required, this has a high torque capability and is also independent of the main drive. This means any residual solids in the bowl are discharged before the bowl is started.
Quality assured manufacture
Patented polyurethane scroll (CQ3000)
Options for tiled wear protection
Polymer concrete base-frame now increasingly available for some models which offers greatly reduced noise levels, high stability and is totally resistant to corrosion.

Typical Applications

Sewage sludge dewatering
Tannery effluent dewatering
Dewatering of various paper mill sludges
Materials recovery, for example starch
Clarification of vegetable processing liquors
Pectin recovery
Various applications in petrochemicals
- Drilling mud

- Slop oil
- Cuttings cleanings
- Barite recovery
- Water treatment sludges
A Typical Centrifuge Installation
A skid mounted centrifuge system
Automated operation
Low maintenance
Low cost of ownership
Easily modulated for mobility
User friendly

James Monroe Capital Enters Into a Joint Venture With Strat Petroleum

KILLEEN, Texas, May 15, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), announces that James Monroe Capital has signed a letter of intent to form a joint venture with Strat Petroleum for the processing of sludge in the province of Bashkorstan, Russia.
The terms of this joint venture require James Monroe Capital to provide initial capital funding of up to $1 million, in addition to support based on management expertise in order to capitalize on Strat Petroleum's ability to access several large reservoirs with massive amounts of oil waste/sludge.
Frank Love states, "The amount of sludge that Strat Petroleum has the opportunity to secure is absolutely astounding. This will bring immediate revenue to our company with which to start our buyback of shares and to place in our royalty trust.
"Bashkorstan refines approximately 10% of all of Russia's oil. The refineries then dispose of the 'waste' into these pits. This waste may contain anywhere from 10% to over 80% hydrocarbons due to the age of Russian refineries resulting in inefficient processing. Here lies our business model. We will be extracting the oil from this sludge, utilizing the mobile centrifuge plants and then selling it into the market.
"We will also be doing Russia and the world a valuable service in that we are cleaning up the environment. I look forward to working with the management team of Strat Petroleum."
Sam Hyams, the CEO of Strat Petroleum states, "I am delighted to have the knowledge and contact network in the oil industry Frank Love and his management team have supporting us. Jointly we can attack this business, growing it into a substantial operation."
Frank Love further states, "Please do not call Strat Petroleum's office or James Monroe Capital's office since we have a lot of work that needs to be done in the next few weeks. I will update shareholders via my timely press releases."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C15....

Strat Petroleum Reaches Agreement with James Monroe Capital

TORONTO, May 15, 2007 (Canada NewsWire via COMTEX) -- Strat Petroleum, Ltd. (OTC:SPRL), an emerging exploration and development company focusing on oil and gas opportunities in the Russian Federation, today announced that it has signed a letter of intent to form a joint venture with James Monroe Capital for the processing of waste/sludge oil in Bashkorstan.
The terms to complete the joint venture include initial capital funding by James Monroe of up to $1 million, with further funding available upon successful completion of between 2-3 processing plants.
Management's recent trip to the Russian Federation included meetings with local authorities and oil refineries, and visits to a number of new sites for establishment of processing plants. These new reservoirs have greater hydrocarbon content creating the opportunity for much stronger revenues and profits.
Sam Hyams, President & CEO of Strat, stated, "I am excited by this new relationship with James Monroe, as the possibilities for funding opportunities presented in oil waste/sludge reservoirs and support available from the James Monroe team's knowledge, experience and network in the oil and gas industry will be very beneficial to both Companies."
Currently Strat is working on securing licenses for processing oil waste that will allow it to secure 100% of the rights to process the reserves in the reservoir, thus not requiring local joint venture partners.
Strat is pursuing a couple of other projects which will be announced in the near future along with further information on progress regarding oil waste processing.
About Strat Petroleum:
Strat Petroleum is an emerging exploration and development company focusing on investment in oil and gas properties and other related projects in the Russian Federation. For more information, please visit the company website at www.stratpetroleum.com. The company's phone numbers are: 905-761-9169 (main), 416-628-8018 (fax) and 646-216-9751 (U.S.).
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Ccn%5C2007%5C05%5C15....
JMCPer's-A Must Read:

Posted by: greenbullz
In reply to: None Date:5/15/2007 9:19:20 PM
Post #of 9785

http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379


in this interview with frank love, he explains his focus in the oil business. 1. Oil sludge- which turned out to be a joint venture with Sprl.
Another focus is 150 wells in PA "the Quaker State" which I believe will be a joint venture with EOR Petroleum which Sam is CFO. listen to this interview and then read this portion from the EOR website. not hard to put the pieces together. Now what will the link between SPRL and EOR be?


from EOR website.
The company intends to initially secure options for wells on a number of properties in Venango County, PA, and then expand to other regions of the US based on the amount of funding available, cash flows generated, and value of the leases. Research indicates that secondary oil has never been recovered in the Venango Sandstone Formation. The longer term strategy is to reinvest the majority of cash flows generated to acquire as many wells as would be feasible to manage, and enter into optional agreements with owners of wells abroad to apply our solution.

Estimates have the proven secondary oil reserves at approximately 330 million barrels (1 Million Barrels = 1 MMbls) of oil in the Appalachian Basin Reservoir, based on a report by the US Department of Energy, with OOIP (Original Oil in Place) remaining reserves exceeding 60 billion barrels. The first two options the JV is securing have OOIP estimates in excess of 40 MMbls, based upon surveys performed by Quaker State on the immediately adjacent properties during the mid-1970s.

EORP has set a strike target of treating up to 20 new wells per month by each two-person crew. Thus based on available funding and cash flows, all 154 wells could be treated by two crews within 4 months. Further expansion of wells will be dependant on our local management’s ability to recruit qualified staff. This limiting factor is a given with the current level of activity in the oil industry. Our local management, however, is confident they can recruit workers who have left the industry once commitment is in place with funding and a program to rebuild wells on an ongoing basis.
http ://www .eorpetroleum. com/71/index.html


New York, May 15, 2007
AheadoftheBulls.com: Future Bulls GPSN, EFGO, JMCP
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C15....

May 15, 2007
Stockwire.com: Speak with other shareholders about: (OTC BB: GPSN), (Pink Sheets: EFGO), (Pink Sheets: JMCP)
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C15....

JMCP: IMPORTANT INFO PLEASE READ, A LOT OF DD ON JMCP:


This post will consist of all press releases that have been issued from right prior to Mr. Frank Love coming on board and taking over JMCP. I will also add many other links to support each of my opinions, those who I believe to be involved, and any other info that may help someone that is trying to do some Due Diligence on James Monroe Capital.

AMERITRADE SITUATION:
JMCP is aware of the Ameritrade restriction. This took place because of old management not updating records Ameritrade requires to lift restriction. We will soon step through the motions with Ameritrade to allow trading but it could be awhile before we accomplish this. Many things inside the company are changing rapidly at this time so at some point in time Ameritrade will have necessary information they need. I can not promise shareholders when this problem will be rectified.


Interview with CEO Frank Love via Wallstreet.net
http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379

JMCP Articles of Incorporation
http://www.sunbiz.org/COR/2007/0404/00507570.tif

OBION RESOURCES & EXPLORATION, INC
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=bAHN6hbajdWpW%252fvmSkDxzw%253d%253d





OBION HOLDINGS, INC.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=pkA3U6oJfgDDtuD4O55bMg%253d%253d

THE OBION GROUP INC.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=ESed12IAcCHkMbtzcHAh9A%253d%253d

OBION Website
http://www.obiongroup.com/index.htm

JMCP Investor Relations
http://chinookinvestmentgroup.com/Home_Page.html

History of Oil
http://www.priweb.org/ed/pgws/history/spindletop/spindletop.html



James Monroe Capital Appointing New President and CEO

CHICAGO, Feb 19, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets: JMCP) has announced that it is in the process of appointing a new company president and CEO, Frank Love.
All current officers and independent contractors of James Monroe Capital will remain involved with the company. Mr. Love is excited about the projects that James Monroe Capital presently has, and has been in talks with numerous other parties about possible new business to bring to the shareholders.
Principal shareholder Taylor Moffitt said, "After talking with several top notch candidates, Chris McGovern and I feel that Frank Love is in the best possible position to represent our interests as shareholders, and bring value to the table. He has enthusiasm, energy, and has been in talks regarding a handful of deals that Chris and I are very excited about. He agrees with our position of 'no reverse stock splits' and cares about both his reputation and the long-term interests of his shareholders.
CEO Chris McGovern commented, "This is an amazing opportunity to see James Monroe Capital moving forward into a bright future. I believe that Frank Love has the integrity and the determination see growth come to fruition. He is committed to the interests of all long-term shareholders and believes in our vision of the company's future."
SOURCE: James Monroe Capital Corporation
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C02%5C19....

FRANK LOVES INFO:

Frank's Army Military background:

#1 8 years Mission Ready Force One (MRF-1)

#2 Military Actions:

Desert Storm

1yr. Haiti
1 yr. Nato Bosnia

1yr. United Nations Bosnia
1yr. Kosavo

2 Tours in Korea

Frank has been awarded 7 rows of commendations totaling 41
commendations

Currently Retired Medical



James Monroe Capital in Talks Regarding Oil Deal

CHICAGO, Feb 28, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) is in talks to enter into a joint venture to acquire three licensed oil fields in a foreign country, over 100,000 acres with 11 wells. The fields have been proven to contain reserves of 2 million tons of crude oil. That is 11 million barrels of C1 and 37 million barrels of C2.
The market value of leasing the oil fields is significantly higher than the acquisition cost, and represents the type of deal James Monroe Capital seeks.
Principal shareholder Taylor Moffitt said, "This deal could help to diversify us as shareholders, and could provide something we need: Earnings. That's why we like this. There are a lot of things we could do with only a fraction of the income from that much oil. If Frank Love can close this deal and provide that much value to the company, then we're lucky to have him, and I hope he'll consider doing another deal of this type with us. If Love nails this deal, then his candidacy for the leadership of our company will move from 'in process' to 'done.'"
No timeframe estimates or prices are being provided to the public at this time. All emails requesting additional information will be deleted. All past efforts have been "shelved" to focus on this deal, which the company has deemed as "more profitable." A combination of debt and equity may be used to fund the deal, through foreign loans and private placements at market value. No reverse stock splits will be considered.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C01....

No reverse stock splits will be considered.

I believe this had to be agreed upon between Taylor and Chris with Frank Love in order for him to take over JMCP


James Monroe Capital Closing-in on Oil Deal

CHICAGO, Mar 02, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) has moved from talks to contract negotiations regarding an oil deal which involves over 100,000 acres of land and 11 wells. The deal would be a joint venture, with funds being raised by private placement, and the company will be borrowing against its assets, namely real estate and stock, and will pay off the debt over a period of years. After the debt is paid off, and the company is cash-flowing strongly, most shareholders seem to feel that the ONYI stock should be passed through as another dividend. Present management feels that this is a good idea, but will have to evaluate the situation in the future.
Frank Love has been negotiating the deal, which represents the type of transaction the company eagerly solicits. Love has a lot riding on the deal, if he succeeds in making the company money, the reigns of JMCP will be handed over to him. Love, unlike Moffitt & McGovern, is a fan of the buyback, and has expressed interest in a buyback after the company is making money.
Chris McGovern commented, "We want people to know what we are doing. There's a fine line between keeping people in the dark and appearing to pump our company. We're trying to objectively educate the public as to what we are working on, so that investors can make their own decisions. This oil position could hedge many of us as shareholders who are participating heavily in biofuels already. I like green power, but a profitable deal is a profitable deal. If Frank nails this one, it will be good for us, big time. We don't want anyone to expect it to put a million dollars into their account, but we view it as our little lotto ticket. We might not get it, but if we don't get the deal, at least our stock didn't go down and we can try again. No reverse stock splits will be considered."
The company is experiencing email problems, and hopes to have email again next week. All previous projects have been "shelved" to focus on this project, which has more potential value.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C03....

James Monroe Capital Shareholders Vote for Conditional Buyback

CHICAGO, Mar 13, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) announces that a shareholder majority has voted and signed an agreement approving a stock buyback, subject to the company closing a pending joint venture oil deal for income.
The signed agreement also has provisions that prohibit management from doing a reverse stock split for 2 years, and states that part of the income from the oil venture has to be used to buy back its own securities, in the market, in accordance with the state and federal securities rules and regulations governing such buybacks.
The company is now working to get the joint venture agreement signed, and then to close on the oil deal itself, which requires private funding, and some financing.
The company wishes to emphasize that it aims only to please its long-term partners. The company growth strategy involves long-term growth. James Monroe Capital is a company which seeks-out unusual bargains. The company website is at www.jamesmonroecapital.com
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C13....

James Monroe Capital Appoints Frank Love as President

KILLEEN, Texas, Apr 02, 2007 (BUSINESS WIRE) -- Taylor Moffitt and Chris McGovern are pleased to announce that they have appointed Frank Love to the position of President of James Monroe Capital effective immediately.
Taylor Moffitt is excited about the deals that Frank Love has brought to James Monroe Capital. Taylor has stated, "I have reviewed numerous candidates but Frank had ideas that, if they could be brought to fruition, would enable James Monroe Capital to have earnings. This would enable James Monroe Capital to buy-back its stock and make us trade at a level that is reflective of our assets and our team."
Chris McGovern states, "this is an exciting time for James Monroe Capital shareholders."
Frank Love from here on will write all the press releases and will update shareholders periodically.
SOURCE: James Monroe Capital
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C02....

Frank Love Announces His Intentions for James Monroe Capital

KILLEEN, Texas, Apr 13, 2007 (BUSINESS WIRE) -- Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), issued the following statement on his intentions for the direction of the company.
Love stated, "When I took over this company, it had restricted shares in Originally New York and some marginal equity properties. The share price had a bid of "unpriced" and an ask of $0.0001. This meant that an investor could buy the stock but it would prove to be difficult to sell it.
I have come up with the following strategy that I will follow.
1) No reverse-splits. In my experience, when reverse-splits occur, the share price usually falls to the level that the original reverse-split started from. Shareholders usually never benefit from this. I will not reverse-split this company since I do not believe it will benefit the shareholders whose interests I hold paramount.
2) Buy-back. We have billions and billions of shares outstanding. We will remain on the Pink sheets and will never get institutional interest if this continues. I intend to buy-back as many shares as I can at $0.0001 with the revenues generated from our oil deals. In addition, I will only enter into deals where there is cash flow that will allow me to do this. This will allow our share price to increase so that we won't be a sub-penny as well as to provide a bid price with which investors will have an exit strategy. Our share price should eventually reflect the assets that we have placed inside of it.
3) Exchanges. Once the buy-back has been completed and our outstanding share-structure has been drastically reduced, I intend for us to move to either the AMEX or Nasdaq. In addition, I would like a dual listing on the AIM or Frankfurt.
Please be patient with both our new management team and myself as we execute this strategy."
SOURCE: James Monroe Capital
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C13....

James Monroe Capital Corp. (JMCP) Announces Its Chief Financial Officer

KILLEEN, Texas, Apr 16, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love, stated, "Now that we are a 100% bona fide Oil Company with several large Oil deals signed and sealed, it's time to announce who our Chief Financial Officer is."
Mr. Anthony (Tony) Gouveia CFO:
Mr. Gouveia is a CFO or Director of a number of companies in various industries. His expertise is focused on acquisition of capital, sale and acquisition of companies, IPO process and formulating effective business strategies to maximize return to shareholders and investors. Mr. Gouveia was the Vice President of Finance and Corporate Controller for the Unilab Corporation (Unilab). Mr. Gouveia was involved in the following regarding his tenure at Unilab: (1) taking the company public raising $125 million; (2) subsequent to the IPO, the company sold 9.2 million shares in a secondary offering; and (3) the company was sold for approximately $900 million. The market cap of Unilab, when Mr. Gouveia joined the company, was under $200 million. Unilab's IPO was considered one of the most successful IPO's as reported by The Wall Street Journal. Unilab had the highest profit margins in the industry. Prior to Unilab, Mr. Gouveia was the CFO for Winston Tire Company (Winston). In two years, Mr. Gouveia improved annual cash flow by $2 million increasing the value of the company by $20 million, acquired 3 companies and integrated their operations and developed a long-term plan to reverse 10 years of losses prior to Mr. Gouveia joining the company, which was on target during his tenure at Winston. Mr. Gouveia spent several years as an auditor for large international accounting firms.
Mr. Gouveia's approach will be to assist Mr. Love to invest our financial resources in a disciplined manner to provide the best possible return to investors/shareholders. This means focusing on the right businesses/products. Mr. Gouveia stated, "As CFO, I will assist Mr. Love in evaluating our businesses/products to ensure that they meet our standards for financial performance, growth and return on investment."
Love further stated, "This caliber of Chief Financial Officer, directly reflects the direction in which James Monroe Capital Corp. is headed."
SOURCE: James Monroe Capital Corp.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C16....

James Monroe Capital Corp. Enters Agreement to Purchase Building Housing Killeen Headquarters

KILLEEN, Texas, Apr 17, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) announces it has entered into an agreement to purchase the building housing its headquarters located at the following address:

James Monroe Capital Corp.
314 E. Ave. B
Killeen, TX 76543

Frank Love, President of James Monroe Capital Corp., stated, "Purchasing the building that houses our oil company just makes perfect sense. The amount of oil we are going after cannot all be refined in my lifetime nor yours. Establishing a permanent headquarters for the next generation of James Monroe Capital Corp. leaders is a prudent move on our part now, as we pave the way of the future. With capitalism emerging worldwide in countries like China, Russia, and India, their dependence on oil will rapidly increase through the years. James Monroe Capital Corp. will be there to meet that increase."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C17....

James Monroe Capital Corp. Appoints Directors to Have a Complete Management Team

KILLEEN, Texas, Apr 19, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP):
James Monroe Capital Corp. President Frank Love, states, "We have appointed Directors to form our management team. Heading up this management team is Chief Financial Officer Anthony (Tony) Gouveia, followed by Secretary-Treasurer Alex Desousa and Chief Operations Officer Kamran Khan."
Kamran Khan is a well-known businessman and athlete in the USA and around the world. In 1971 Kamran Khan came to the U.S. to continue his higher education. In 1972 he earned his Masters Degree in International Relations from Villanova University, and immediately was offered a position in International Banking at Fidelity International Bank, where he worked for several years before starting his own businesses. In recognition of his outstanding abilities for building and running successful businesses, he was elected the President of Bryn Mawr Business Association.
Besides his tremendous success as a businessman, Kamran Khan has a remarkable history as an athlete. He has the distinct honor of representing the United States National Cricket Team for 20 years as Captain and Co-Captain. His personal cricket achievements account to over 100 trophies, including All-World honors, Man of the Match, Best Bat, Best Bowling, 4 ICC trophies, and a Hall of Fame in 2000.
He was the President of the United States Cricket Association for two years. As a president of the USA Cricket Association, Mr. Khan developed, coordinated and promoted a wide spectrum of activities and projects for the betterment of cricket in America.
In 1972 Kamran Khan became the Head Cricket Coach at Haverford College, where cricket has been played for over 150 years, and continues to coach cricket at this premier institution for 35 years, maintaining the college's historic tradition in the sport.
Mr. Desousa has 12 years of Accounting, Auditing and Finance and 7 years of Database Management consulting, Credit and Risk Management, Financial Analyst, Business Analysis and Project Management. Most of the consulting work has been for well-known companies such as Verdi-Rock Real Estate Development, Rogers and AT&T, Manulife Insurance (Hancock), Direct Energy (Energy America in Georgia and Power Republic in Texas) Hewlett Packard, Canadian Imperial Bank of Commerce, TD Securities (TD Waterhouse), RBC for offshore investments (Bahamas, Cayman, Barbados, Miami and Singapore) and AutoDesk Software Development.
Mr. Desousa has a well-diversified experience in several industries from his accounting and auditing in the early nineties to his present position as business analyst and project manager.
Mr. Desousa has great knowledge of experience in the area of property management, real estate development, energy, mutual fund management, logistics, insurance and banking, software development and software consulting.

Alexander Desousa
25 Oscar Romero Place
Toronto, Ontario
M6N 5A5
finanz_alex@yahoo.com

Objective:
To obtain a position as a Financial Analyst or Business Analyst
applying my diversified skills and knowledge in Finance, Scorecard, Statistics and Database management to the benefit of the Organization.

PROFILE:
Experience in Developing decision support tools and problem solving with strong process analysis and negotiation skills in business. Results-oriented analytical and committed to the bottom line results. Languages: Fluent in French and Spanish (Conversation and Writing) also basic knowledge of Portuguese, Italian and German Key Accomplishment Developed a Data base that keeps track of credit card collected per customer service agent – Rogers Implemented, designed, data migrated and tested of new multi-user Accounting system NewStar- Verdiroc
Developed a Centralized budget system in excel to reduce data input and repetition. – Verdiroc Designed a multi-level troubleshooting process for Internet customer
technical support Serso.com Developed customized routines for report generation and trained end- users - Fixture Exchange
Handled the successful automation of an invoicing system – Telebooks Developed a system to track bank account balances and changes in daily cash positions - PhoneWorks
Set up monthly accounting policies and practices for three client
Companies - Sport-Mate Services Technical Skills

Operating Systems
Windows NT/98/95/3.1, DOS 6.x Unix (Solaris) and Linux 6.1
Database MS Access, Oracle SQL, dBASE IV, FoxPro.

Applications
Accounting
ccPac G/L, Minicom , NewStar, Simply Accounting, AccPac, Business Vision

Business Intelligence Tools
Crystal Report, COGNOS, Web-Focus (MRE)
ERP, Microsoft and Internet applications
Visual Basic 6, ASP,MS Project, Excel (Macros, Pivot), Power
Point, ,Visio, ,Lotus Notes, ,HTML, SAP Admin and Financial

Experience
Hewlett Packard (Contract) May 03 - Present
Business Report Analyst - Operation ad Sales Department.
* In Charge of extraction of data from different sources in
different formats and converting it in to useful information using SQL Access and Excel pivot tables.
* In Charge of extraction of data and reports from SAP R/3 and
Oracle by using Obdc connectivity and converting this reports in to useful information tools for the user
* Designed and Developed Ms Access databases using Microsoft Access database
* Reviewed Processes to recommend and implement enhancement to the HP and Compaq integration transition.
* Reviewed processes and implement applications solutions to reduce the Information retrieval time.

Direct Energy Canada (Energy America) (Contract ) June 01 - Feb 03 Business Analyst - Operation and Collection Department
¨ Extraction of data from different sources in different formats
with use of Ftp and converting it in to useful information using Sql Access to upload in to the Dialer and other data bases.
* Designing and Developing Ms Access databases using access and Visual Basic 6.
* Generating reports with the use of Crystal Report.
* Reviewing Processes to recommend and implement enhancement to increase productivity by using flow charts and productions models in Visio and PowerPoint.
* Analyzing data, using trends and comparison in Excel and Access * Developing Excel Worksheet and templates with advanced features like macros and function.
* Reviewing Processes and implement applications solutions by using Access or SQL to speed up the
Information retrieval time.
* Monitor and insure that the budget is within the department
standards and objectives.

Manulife Canada March 01 - June 01 (Contract)
Financial Business Analyst Finance and Information Services
Department * Producing and Developing Statistical Reports to Monitor the performance of several E- commerce Projects and Network Projects and all the business division of Manulife.
* Developing methods measure business trend and measure
productivity.
* Reviewing processes and methodologies to recommend and implement enhancement to increase efficiency by the automation and streamlining business functions and activities with the use flow charts and financial models in excel.
* Conducted monthly audit on the status IT pending issues like
systems outages, assuring immediate response time and the problems were escalated to appropriate levels .

Rogers and AT&T Communication March 00 - March 01
Business Analyst Process and Planning Department
¨ Producing and redesigning Statistical Reports to support the
business operational need.
¨ Developing methods of measuring productivity with use excel
advanced functions.
¨ Recommending solutions to tighten credits checking, and reduce days outstanding on A/R.
¨ Reviewing Processes to recommend and implement enhancement to increase productivity by using flow charts and financial-productions models in excel.
¨ Reviewing Processes and implement applications solutions by using Access or SQL to speed up the
Information retrieval time.
¨ Extraction of data from different sources, in different formats
and converting it into meaningful information in access or excel
format.
¨ Monitor and insure that the budget is within the department
standards and objectives.
¨ Generating databases reports, queries, creating tables.
¨ Analyzing data, using trends and comparison in Excel and Access
¨ The creation of flow charts for report and data flow.

Verdiroc Holdings (Real Estate Development Company) May 99 Feb 2000 Budget Analyst and Accounting System Implementator (Contract)
¨ Producing management and budget report in various construction projects On a monthly basis for proper Financing to keep adequate cash flow.
¨ Monitored of variance on budget versus actual.
¨ Assisting in the implementation data migration and testing of new Network and multi user Accounting system called NewStar which is written in Progress, a database like Oracle Financial.
¨ Analyzed the Business need to design and create the new G/L and Job cost Reports.
¨ Learned the newstar system and taught the accounting department on how the use the software.
¨ Transferred Information to access database from accounting system using data transfer tools.

Nelbar Financial Investment Banking & Essex Capital Management Jul 1998 Apr 99
Accountant (Mutual Accountant)
¨ Developed a computerized accounting system from setup of the G/L to the creation of detailed and summarized Certified Investment Certificate client reports (Nelbar Financial)
¨ Assisted the C.F.O Essex Capital Management, the sister company, covering in his absence (the CFO); handled accounting operations, daily and weekly cash flow, bank and trading reconciliation.
¨ Journal Adjustments of stocks Re-evaluations (Gains and Losses) and Foreign Exchange.
¨ Month End Journal accruals, and other month end Jr entries to
prepare the financial reports .
¨ Monthly Financial Report for the Investment Dealer Association
reporting (MFR)

John Davies C.A. Firm. Mar 1995 July 1998
Accountant/Systems Administrator and Collections (Contract )
Sport Marketing Strategies, The Toronto Brigantines, Telebooks and Legal Index Inc.
* Performed accounting duties related to the preparation of
Financial Statement * Maintained and trouble shooted the computerized system.
* Participated in the installation and integration of a multi-user
accounting system and set up the billing module and G/L system using Business Vision.
* Analyzed the business & set up the G/L and the chart of accounts and tested transactions.
* Prepared working papers and lead sheets for auditors for financial statements
* Audited, tested and set up internal controls

Stilc, Unicorn Properties, Suncor and Airluso International July
1993 Feb 1995 Financial Accountant
* Developed a database using FoxPro to handle payroll for 50
employees * Maintained and updated construction cost reports on Unicorn properties.
* Produced financial statement and a special report for the Travel Industry Commission
* Conducted Inter Company Reconciliation for the four companies.
* Assisted auditors with working papers and lead sheets for year end statements

PhoneWorks and Teleclassified Ltd. Feb 1991 - June 1993
Sub-Controller/Cash Manager
* Designed and implemented a computerized system to track 14 inter- city bank account balances and monitor the daily cash positions to ensure proper cash flow
* Controlled the cash management of 14 bank accounts in several cities in Canada and the US to meet the weekly cash requirement to cover fixed costs for four branches
* Monitored and investigated causes of variance analysis on budget versus actual.
* Conducted Inter Company Reconciliation
* Handled all accounting functions to creation of Financial
Statements


EDUCATION
CFA Candidate Level I (In Progress)
Canadian Securities Course - IDA (In Progress)
Economic Analysis Certificate - Ryerson University 2001
Computer Programming and
Systems Analysis Diploma - Toronto School of Business 1997
Accounting Diploma - Seneca College 1996
Business Administration Certificate - Seneca College 1991


OTHER STUDIES
E-Commerce Certificate - NTG Istitution 2003
Oracle Administration Certificate - NTG Institution 2002
Visual Basic Certificate - SouthSoft Software Training Institute 2001 Unix Solaris 10 Wks Certificate of Completion -
Xincon Computer school 1999

Professional Membership:
Member of the Institute of Internal Auditors (IIA).

Volunteer work
Chairman of the Finance committee for La-Paz Co-op mainly in charge of the approval and presentation of the annual budget, work in relation with the auditors and provide recommendations on cost and internal controls.

http://alexanderdesousa1.tripod.com/id3.html
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C19....


Kamran Khan
Head Coach, Cricket
Haverford College
370 Lancaster Avenue
Haverford, PA 19041
610-896-1117
kkhan@haverford.edu


Kamran Khan has been instructing cricket at Haverford for over a
quarter of a century, maintaining the college's historic tradition
in the sport.

Since he became coach in 1974, Khan has helped the Fords' cricket fortunes flourish, with several successful tours, most noteable among them trips to England and Scotland in 1990 and an undefeated tour of England in 1996. He meanwhile represented the United States in international competitions until 1994, earning All-World honors in 1976 and captaining the U.S. from 1980-92.

As a president of the USA Cricket Association in 2000-01, Khan
developed, coordinated and promoted a wide spectrum of activities and projects for the betterment of cricket in America. He organized and conducted the U.S. teams tour to England in August 2001, as well fund raising and resource allocation for the International Cricket Council competition in Toronto that year

Kamran Rashid Khan began to play cricket in Pakistan when he was 4 years old. Since then cricket has become such an essential part of his life that he could not imagine himself apart from cricket. Anywhere he went or lived in the world, cricket was always with him. He represented Government College Lahore, Punjab (as captain) and Pakistan Universities. In 1969-70, he was awarded Pakistan's highest university sports award -- University Blue. Khan came to U.S. in 1971 to earn a Masters degree from Villanova (Pa.) University, and first learned of Haverford cricket while passing by the College. He
was soon urged to become the teams coach.

Besides his devotion to cricket, Kamran Khan has successfully
developed and managed several personal businesses. He has been on the board of directors of the Bryn Mawr Business Association for many years and presently operates Galina Oriental Rug Gallery in Blue Bell, Pa.
James Monroe Capital Creates a Subsidiary

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P07000041205&inq_came_....


KILLEEN, Texas, Apr 24, 2007 (BUSINESS WIRE) -- Frank Love, President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce the formation of a wholly owned subsidiary named "JMCP Acquisition Inc."!
Frank Love states, "We needed to create this subsidiary to place some assets in. The subsidiary was formed in the State of Florida. We needed the assets so that we could get favorable terms on our financing. The financing was used for our oil deals.
"Details of the asset placed inside of JMCP Acquisition Inc. will be announced shortly. I appreciate your enthusiasm and all will be revealed!"
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C24....

JMCP Acquisition Inc. in Last Stage of Gold Company Acquisition

KILLEEN, Texas, Apr 26, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital Corp. (PINK SHEETS:JMCP), is pleased to announce that he is finalizing an agreement with which to acquire a Ghanaian-based Company with rights in a concession located along the prolific Ashanti Belt.
The Ashanti Belt has an overwhelming history as a region rich in precious metals and minerals. In addition, it hosts some of the largest mines in the world. Many of the producing mines along the belt run in a NE trending line with other producing mines. This infers a high expectancy of mineral rich soils that contains gold specifically in mines and concessions that lay along the trend.
The concession is currently the subject of a 43-101 compliance review to verify its positive results to date, and its current operations are headed by a world class and highly respected local geologist.
Frank Love states, "I am excited for JMCP Acquisition Inc. (a James Monroe Capital Corp. Wholly Owned Subsidiary) to acquire this company with its amazing potential."
Our new Investor Relations is Chinook Investor Relations Group LLC, http://www.chinookinvestmentgroup.com/. For more information contact Harold Engel at info@chinookinvestmentgroup.com.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C26....
Ashanti belt
Ashanti belt of Ghana constitutes a gold province which has produced a total of about 1500 t of gold historically. Gold mineralization is found in steep, NNE-SSW to NE-SW trending shear zones pre- dominantly transacting metasediments of the Palaeo- proterozoic Birimian Supergroup (2.2–2.1 Ga), dis- seminated in ca. 2.1 Ga granitoids, in paleo-conglom- erates of the Tarkwaian Group (< 2135 Ma), and in recent placers. The distribution of gold, its chemistry, paragenesis and mineralogical siting in the mesothermal ores of the major mines in the Ashanti belt, namely Konongo, Ashanti, Bogosu and Prestea mine, are the
subject of this study.


At the localities studied, gold is present in two main types of ores:
1. Quartz veins with free-milling gold. The gold is rela-
tively silver-rich (true fineness values from 730 to 954)
and is accompanied by a distinct suite of Cu, Pb, Sb
sulfides. 2. Sulfide ores, consisting of arsenopyrite, pyrite
and rarer pyrrhotite and marcasite, with refractory gold.
The ores have apparent fineness values larger than 910.
Arsenopyrite and locally (at Bogosu) pyrite were iden-
tified as the hosts of submicroscopic gold. Mean con-
centrations of gold in arsenopyrite in various samples
from the different mines, obtained by secondary ion
mass spectrometry (SIMS), range from 67 to 314 ppm
Au. Gold concentration mapping in individual arseno-
pyrite crystals from the different deposits revealed simi-
lar patterns of gold distribution: the grains possess a
gold-poor core, and elevated gold contents are presentalong distinct crystal growth zones towards their rims.

The outermost crystal layer is usually gold-poor. The
well-preserved distribution patterns also indicate that
remobilization of gold from the sulfides played an in-
significant role in the ores of the Ashanti belt. Multiple
quartz veining and growth zoning of the sulfides are
interpreted as manifestations of multiple episodes of
fluid infiltration, fluid flow and mineral deposition. The
bimodal occurrence of gold in spatially closely asso-
ciated quartz vein and sulfide ores indicates a genetic
link between these ore types. A model implying a grossly
coeval formation of the ores from mesothermal fluids is
proposed.IntroductionA geochemical enrichment from Clarke-values by a factor of about 1000 is required to form economic gold mineralization. However, at ore concentrations com-
monly between 1 and 10 ppm, gold is still a trace element
whose distribution and mineralogical siting in the ores is
of extreme importance for the metallurgist and the re-
searcher working on the genesis of gold deposits. In the
mesothermal gold mineralizations of the Ashanti belt of
Ghana, gold displays a bimodal distribution; being
present both as free-milling gold in quartz veins and in
the form of submicroscopic or ‘‘invisible’’ (< 0.1m)gold in refractory sulfide ores. Both ore types are spa-
tially closely related to each other, indicating a genetic
link between them.The observed relationships are not unique to the oresof Ashanti belt, but are known from many mesothermal
gold deposits, mainly of Archean age, worldwide. In
this respect, Boyle (1979) provided a compilation of
earlier literature, and more recently Cabri et al. (1989),
Cathelineau et al. (1989), Wu and Delbove (1989), Cook
and Chryssoulis (1990), and Fleet et al. (1993) reported
on advances in determining the state and location of
‘‘invisible’’ gold in sulfides.

James Monroe Capital Corp. to Form a Shareholder Royalty Trust

KILLEEN, Texas, May 01, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love states, "With recent developments concerning the enormity of the Oil deals and the creation of a subsidiary and several Joint Ventures with ongoing concerns reaching as far as Russia, we are about to embark on a path that will directly affect every current James Monroe Capital corp. investor and I want to properly identify each and everyone of them, to ensure each receives their fair portion of any and all yields from this investment. By forming a JMCP Royalty Trust in which to put JMCP shareholders of record, the Company can move forward with the confidence in knowing no one was left behind. A trust account is being set up with a major World Wide brokerage firm to encapsulate the entire James Monroe Capital Corp. shareholder base. The Date of Record for capturing the JMCP shareholder of record list is currently set for Friday, June 1st, 2007."
Love further states, "This is a very special time for James Monroe Capital Corp., it's Subsidiary JMCP Acquisitions Corp., Joint Venture Partners, and most of all its loyal shareholders. I want to make certain everything is done right; the deals we have now closed and the ones we will close in the very near future are testament to the iron clad steel resolve of James Monroe Capital Corp.!"
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C01....

Some Info on Royalty Trust
Royalty trust
From Wikipedia, the free encyclopedia

A royalty trust is a type of corporation usually involved in mining.
It is taxed according to special regulations, whereby its profits
are not taxed at the corporate level provided a certain high
percentage (e.g. 90%) of profits are distributed to share holders as dividends. The dividends are then taxed as personal income.
This system, similar to real estate investment trusts, effectively avoids the double-taxation of corporate dividends.

Royalty trusts typically own oil or natural gas wells, or the
mineral rights of wells. Corporate shares generally trade on the
public stock markets. They are a powerful investment tool for people who wish to invest directly in oil or natural gas, but who don't have the resources or risk-tolerance to buy their own well.
Additionally, since trusts often own numerous wells, they represent a convenient way for the average investor to diversify investments across a number of properties.

Royalty trusts often attract investors with their relatively high
yields. This makes the shares sensitive to interest rates, as share prices are likely to decline in periods of rising interest rates, and to rise when interest rates fall.

Royalty trusts are found in Canada and the United States. Canadian royalty trusts, called CanRoys, typically trade on the Toronto Stock Exchange, while some of the larger trusts also trade on the New York Stock Exchange. CanRoys usually offer higher yields than U.S. trusts; for non-Canadian investors, this higher yield is somewhat reduced by a foreign tax withholding that is absent in the U.S. trusts.

Royalty trusts were created by T. Boone Pickens in 1979 in response to the difficulty that Mesa Petroleum had in replenishing its oil reserves. Through royalty trusts, he was able to substantially decrease his amount of effective reserves and avoid the difficulty of replenishing them.

Investment trust
Income trust
Publicly-Traded Royalty Trusts
BP Prudhoe Bay Royalty Trust
Cross Timbers Royalty Trust
Dominion Resources Black Warrior Trust
Harvest Energy Trust
Hugoton Royalty Trust
LL&E Royalty Trust
Marine Petroleum Trust
Mesabi Trust
Mesa Royalty Trust
North European Oil Royalty Trust
Permian Basin Royalty Trust
Pengrowth Energy Trust
Provident Energy Trust
Sabine Royalty Trust
Santa Fe Energy Trust
San Juan Basin Royalty Trust
TEL Offshore Trust
Tidelands Royalty Trust B
Torch Energy Trust
Williams Coal Seam Gas Royalty Trust

The Truth on Trusts
Canadian Association of Income Funds
Taxation of Income Trusts: Was it Worth the Cost and the Turmoil? By Yves Fortin Retrieved from http://en.wikipedia.org/wiki/Royalty_trust"

James Monroe Capital Enters into Talks with Oil Company for a Possible Joint Venture

KILLEEN, Texas, May 03, 2007 (BUSINESS WIRE) -- Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that James Monroe Capital has entered into talks with an oil company that has up to $270 million dollars of unrefined crude. The value of this inventory has not been realized due to two factors.
Firstly, the oil company needed financing to obtain the processing equipment to be placed at the various sites where this inventory sits. This will be one of the terms that James Monroe Capital may have to fulfill. In addition, this may help shareholders understand the reason behind acquiring a gold asset.
Secondly, the oil company needed the technical expertise through a solution in obtaining the oil from its present state. Frank Love states, "We are based in Texas (The Big Oil Patch) and with my knowledge and that of my contacts, we have helped to obtain the solution to this Company's rather complex problem."
Details will be announced in the very near future once the deal has been finalized.
Frank Love states, "This is an extremely exciting time for James Monroe Capital, its Subsidiary and its Loyal Shareholders. We could potentially have significant revenues."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C03....

JMCP Acquisition Inc. Completes Acquisition of Gold Company

KILLEEN, Texas, May 04, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that JMCP Acquisition Inc. has purchased Wales Holding Corporation, the parent company owning, Wales Gold Mining Ltd. The merger is complete pending approval of the Florida Certificate of Merger, expected momentarily. Wales is the Ghanaian-based company referred to in the previous press release dated April 26th, 2007. Wales is an owner in the mineral rights of the 23 square kilometer WD concession along the Ashanti belt.
The Ashanti Belt hosts some of the largest mines in the world, which include the Abbosso, Tarkwa, and Iduaprim mines. These mines have produced millions of ounces of gold.
WD has a world-renowned geologist heading up operations, and frequently outsources a team of highly respected geologists. WD is currently undergoing a 43-101 compliancy through SRK to further verify its positive results.
Frank Love states, "This acquisition by James Monroe Capital brings us one step closer in realizing our goal of finalizing our joint-venture with an oil company. At this time I do not want shareholders calling the company or myself. We are extremely busy and will not reveal any inside information. I will reveal additional information through further press-releases."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C04....


WalesHolding
www.walesholding.com

James Monroe Capital Corp. Briefs Shareholders on Recent Developments

KILLEEN, Texas, May 07, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (Pink Sheets: JMCP) President, Frank Love states the following, "Concerning the recent press releases about the several hundred million dollars worth of Crude inventory and the royalty trust now being formed, I am extremely pleased with everything moving forward at a blistering pace. Obviously, James Monroe Capital Corp. is on the move. Virtually everything has fallen into place. Events that have taken place in order to put the $270 Million dollars worth of Crude inventory deal together were quite complex in nature, but our international team of professionals are making it happen in a timely manner.
"Recently, I spoke about forming a royalty trust to disburse any and all yields from our business ventures. Shareholders with a date of record of June 1, 2007 will be placed into the royalty trust on a pro-rata basis. Holding onto your positions during this time are absolutely critical due to the fact we suspect that there is a short position on our stock and some brokerage services are no longer allowing open purchase orders for this security. Obviously the company is looking into this situation and hopes to be fruitful in our endeavors so that anyone wanting to participate in the James Monroe Capital Corp. royalty trust will have the same opportunity as everyone else.
"Regarding an earlier press release where I spoke of multiple deals signed and sealed, the $270 Million dollars worth of Crude deal is the first of three very large Oil deals we are working on. The two other large Oil deals will be revealed shortly as soon as all documentation is file stamped with State, Federal and Foreign Governments.
"Nothing will stand in the way of James Monroe Capital Corp. as we capture our percentage of the very lucrative Oil and Gas market that was made available to us through my international contacts. Opportunities currently being presented to James Monroe Capital Corp. will ensure even more growth of our company in the near future. We will continue to update our progress in a timely manner and I hope to have all available information concerning all of the Oil deals out before the June 1, 2007 date of record."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C07....


JMCP: 40 Barrels an hour x 24 hours = 960 barrels a day

$60 per barrel, 960 per day x 60
(price of oil per barrel) = 57,600

57,000 x 365 days a yr = $20,805,000 a yr, that’s just one deal



May 10 2007 2:14PM ET
StockProfiler.US: Stocks On The Move!
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C07....

James Monroe Capital Corp. Explains the $270 Million Dollars Worth of Waste/Sludge Oil Deal and Royalty Trust

KILLEEN, Texas, May 10, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (Pink Sheets:JMCP) President, Frank Love states, "The Company is in negotiations to form a strong alliance through our Joint Venture with a US company having operations in the oil and gas industry of the Russian Federation, to participate in this very lucrative market. Closing this agreement will be one heck of a first cast of the net for James Monroe Capital Corp. into the Oil & Gas market. The Company having access to oil waste that could generate several $100 Million dollars of revenue, contained in above ground pits was a second awesome cast of the net. When we were notified of the potential to acquiring rights to oil wastes sites is practically unlimited, we were absolutely floored.
The oil waste sites the JV will be pursuing initially, are ones that are mainly an oil and water mixture, where the water is spun out via a mobile centrifuge plant that can process at least 10 metric tons per hour, this equates to roughly 40-50 barrels of waste oil per hour, per centrifuge plant. Mobile centrifuge plants cost roughly $500K each and can be easily moved from location to location via 18-wheeler transports and are operated by a two-man crew. Today's oil prices in the $60 per barrel range equate to potentially substantial gains."
Frank Love explains the Royalty Trust, "The James Monroe Capital Corp. Royalty Trust will be a balanced mix of James Monroe Capital Corp. revenue producing oil properties, located throughout the world, Gas & Oil royalties like Sabine Basin Royalty (SBR), Energy Trusts such as Prime West Energy (PWI), and Pengrowth Energy Trust (PGH). This allows our royalty trust to earn revenues in the form of dividends, interest and royalties from the various operations and joint ventures we participate in whether in North America or across the globe in Russia.
"By having these NYSE Blue Chip REITs, Royalties and Trust embedded into the James Monroe Royalty Trust, with each paying dividends month after month, year after year and in some cases decades. We establish our James Monroe Capital Corp. Royalty Trust with the power of the NYSE as our foundation."
Frank Love further states, "June 1, 2007 will be another great milestone for James Monroe Capital Corp. Having any and all short positions closed from that date forward, because nobody wants to be caught short when your dealing with dividend paying NYSE; REITS, Royalties and Trust, will allow us to see an actual picture of what our stock will look like as we move into the buy back phase of our companies common shares. We will announce our monthly buy backs via a press release and only buy back shares in the open market. Our transfer agent, 1st Global Transfer Agency, will then cut a treasury certificate for the retired shares of which will be publicized as retired with certificate number. We will not reverse split our stock."
For the record Frank Love states, "I own no common shares, I have money that I made with my other business ventures. I will only take pay once this company is profitable. This is the way I do business. When I took the position as President of James Monroe Capital Corp. there were 45 Billion shares issued and basically no assets left in the company and the stock sitting at .0001. I feel James Monroe Capital Corp. is strategically positioned to carry our company and extremely loyal shareholders well into a very successful future."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C07....

Energy Royalty Trusts

Background
Energy Royalty trusts are neither stocks nor bonds, although they share some of their characteristics. Investment trusts are created to hold interests in operating assets, which produce income and cash flows that are passed through to investors. A "trust" is a legal instrument, which exists to hold assets for others. A "trust" investment that uses a trust (the legal entity) to hold ownership of an asset and pass through income to investors is called a "securitization" or an "asset-backed security".

The trust can purchase common shares, preferred shares or debt securities of an operating company. Royalty trusts purchase the right to royalties on the production and sales of a natural resource company. Royalty Trusts are attractive to investors because they promise high yields compared to traditional stocks and bonds. They are attractive to companies wishing to sell cash flow producing assets because they usually provide a much higher sale price, or proceeds, than would be possible with conventional financing. The investment characteristics of both types of trusts flow from their structure. To understand the risks and returns inherent in these investments one must go beyond their promised yield and examine their purpose and structure.

Oil, gas and coal Royalty Trusts pay monthly or quarterly dividends (royalties) based on the prices paid for their already discovered natural resources. Dividends currently range from 6% to 12% from the various Royalty Trusts available on either the New York or American Stock Exchanges. Separate operating companies are contracted to produce, market and sell the resources, so there is no exploration risk. The prospectus for these Royalty Trusts talks about 'forecasted' revenues and earnings. Oil companies also realize that 'proven reserves' have an element of guesswork, and that there might be less oil in the ground, or it may be more difficult to recover than expected. This means that the 10% "yield" is not fixed in stone. As with all investments, one must take the time and do a complete analysis.

U.S or Canadian
There are a few key differences between Canadian energy trusts and U.S. royalty trusts. U.S.-based royalty trusts (which are legally precluded from making acquisitions financed by new debt and/or equity and, therefore, cannot as readily replace depleted reserves) are essentially blow-down investment vehicles. Canadian energy trusts are very different. In fact, Canadian energy trusts have managed, during certain extended periods, to actually increase per trust unit production, discounted cash flow value and distributions, in addition to maintaining reasonable monthly or quarterly distributions on the trust units. The ability to acquire assets and finance them with new equity, combined with a tax-efficient structure, leads to a financial vehicle that is radically different from its U.S. counterpart.

Apart from the ability to grow and replace reserves, there are other noteworthy structural differences between Canadian energy trusts and their U.S. counterparts. The most significant difference relates to the substantial component of U.S. royalty trust assets that are actually overriding royalty interests, as opposed to the vast majority of Canadian energy trust assets, which are operated and non-operated working interests. In this sense, Canadian energy trusts are more similar to conventional oil and gas production companies (with no higher-risk exploration activities) than U.S. royalty trusts, which in many instances can be more accurately characterized as financially structured derivative instruments to oil and gas assets.

Canadian energy trusts appear to offer a somewhat higher yield than their U.S. counterparts, which may, at least in part, reflect the overriding royalty nature of the U.S. royalty trusts' cash flows (and, therefore, lower operating leverage and capital requirements). The U.S. royalty trusts typically have no debt, reflecting the blow-down character of their assets and operations and the absence of acquisition activity. Meanwhile, Canadian energy trusts do carry some debt, reflecting previous acquisition activity and development capital, which are typically funded, in whole or in part, with debt.

Some U.S. Oil, Natural Gas and Coal Royalty Trusts include;
BP Prudhoe Bay Royalty Trust (BPT)
Cross Timbers Royalty Trust (CRT)
Dominion Resources Black Warrior Trust (DOM)
Eastern American Natural Gas Trust NGT
Hugoton Royalty Trust (HGT)
LL&E Royalty Trust (LRT)
Marine Petroleum Trust (MARPS)
Permian Basin Royalty Trust (PBT)
Sabine Royalty Trust (SBR)
San Juan Basin Royalty Trust (SJT)
Santa Fe Energy Trust (SFF)
Torch Energy Royalty Trust (TRU)
Williams Coal Seam Gas Royalty Trust (WTU)
Most Canadian royalty trusts are listed only on the Toronto stock exchange. However, the following trusts are traded on either the New York or American Stock Exchanges.
Enerplus Resources Fund (ERF)
Pengrowth Energy Trust (PGH)
Petrofund Energy Trust (PTF)
PrimeWest Energy Trust (PWI)
Provident Energy Trust (PVX)
Tax Considerations
For U.S. investors, the tax treatment of a Canadian royalty trust's dividends depends on whether the trust is registered in the U.S. as a foreign partnership or as a corporation. The differences are far too complicated to detail here. The Canadian government applies a 15% non-resident withholding tax on distributions to U.S. investors. However, U.S. citizens can apply for a refund for at least a portion of the amount withheld.

Some Royalty Trusts may also pay Section 29 Tax Credits if they are producing Fuel from Non-conventional Sources (FNS) such as coal seam gas (coal bed methane or CBM) and other fuels such as biomass methane from waste landfills or livestock manure. Tax credits may be used to reduce income tax from other sources of income (i.e. active, passive, earned, unearned, dividends, interest, rents, IRA and pension withdrawals. You should obtain specific income tax advice from a qualified tax professional before considering any investment.

Unit holder Liability
Canadian trusts are not corporations, and in theory at least, unit holders have unlimited liability for the actions of the trust. In practice, however, most experts consider it unlikely that individual unit holders will ever be held liable for the trusts actions. However we are not experts on the subject, and recommend you contact a trust directly regarding unit holder liability before investing.

Other Issues
Much of the attractiveness of investing in Canadian royalty trusts hinges on the trust's tax-free status. This status hinges on each trust's ability to qualify for Canadian mutual fund status. The status requirements are somewhat vague, but Canadian mutual funds are intended as investment vehicles for Canadian citizens. Some individuals within the Canadian royalty trust community have expressed concern that increasing participation by U.S. investors may cause the Canadian government to either restrict foreign (U.S.) ownership or otherwise change the rules. To avoid bringing that problem to the forefront, most trusts are attempting to limit foreign ownership to 49%, but there is no guarantee that staying below that limit will insure a trust's mutual fund status.
Mobile centrifuge
Mobile centrifuge, is used to separate the solids from volumes of liquid that contain solid particles. This may be a process stream or a waste product from a process.

This separation effect occurs in just the same way as it would in a settling tank but in the case of the centrifuge the tank is in the form of a stainless steel bowl that is spun at high speed. This increases gravity from a factor of one as in nature, up to three thousand in some cases. The settled solids accumulate at the bowl wall and are then discharged by means of a helicoidally shaped screw known as a scroll, which pushes the solids from the cylindrical section of the bowl, up through the conical section and towards the discharge ports. The liquid phase, known as the centrate, finds its way back down the centrifuge bowl where it flows out over a “weir plate”, as it would in a lagoon, and falling by gravity down the discharge pipe.

The process of separating the liquid from the solid matter is sometimes called dewatering. In waste streams centrifuges are used to minimise the amount of liquid that is being hauled away, and produce solids suitable for disposal to landfill sites, land spreading or even incineration. In certain processes chemical flocculants may be added to aid the process of separation.


Replaceable liners at points in contact with solids for easy servicing on site.
Unique dual angle conical section which increases scroll life.
Low weight rotating assembly due to use of Duplex Steel and its high tensile strength
Low power consumption
Automatic, hydraulic scroll drive system so no gearbox required, this has a high torque capability and is also independent of the main drive. This means any residual solids in the bowl are discharged before the bowl is started.
Quality assured manufacture
Patented polyurethane scroll (CQ3000)
Options for tiled wear protection
Polymer concrete base-frame now increasingly available for some models which offers greatly reduced noise levels, high stability and is totally resistant to corrosion.

Typical Applications

Sewage sludge dewatering
Tannery effluent dewatering
Dewatering of various paper mill sludges
Materials recovery, for example starch
Clarification of vegetable processing liquors
Pectin recovery
Various applications in petrochemicals
- Drilling mud

- Slop oil
- Cuttings cleanings
- Barite recovery
- Water treatment sludges
A Typical Centrifuge Installation
A skid mounted centrifuge system
Automated operation
Low maintenance
Low cost of ownership
Easily modulated for mobility
User friendly

James Monroe Capital Enters Into a Joint Venture With Strat Petroleum

KILLEEN, Texas, May 15, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), announces that James Monroe Capital has signed a letter of intent to form a joint venture with Strat Petroleum for the processing of sludge in the province of Bashkorstan, Russia.
The terms of this joint venture require James Monroe Capital to provide initial capital funding of up to $1 million, in addition to support based on management expertise in order to capitalize on Strat Petroleum's ability to access several large reservoirs with massive amounts of oil waste/sludge.
Frank Love states, "The amount of sludge that Strat Petroleum has the opportunity to secure is absolutely astounding. This will bring immediate revenue to our company with which to start our buyback of shares and to place in our royalty trust.
"Bashkorstan refines approximately 10% of all of Russia's oil. The refineries then dispose of the 'waste' into these pits. This waste may contain anywhere from 10% to over 80% hydrocarbons due to the age of Russian refineries resulting in inefficient processing. Here lies our business model. We will be extracting the oil from this sludge, utilizing the mobile centrifuge plants and then selling it into the market.
"We will also be doing Russia and the world a valuable service in that we are cleaning up the environment. I look forward to working with the management team of Strat Petroleum."
Sam Hyams, the CEO of Strat Petroleum states, "I am delighted to have the knowledge and contact network in the oil industry Frank Love and his management team have supporting us. Jointly we can attack this business, growing it into a substantial operation."
Frank Love further states, "Please do not call Strat Petroleum's office or James Monroe Capital's office since we have a lot of work that needs to be done in the next few weeks. I will update shareholders via my timely press releases."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C15....

Strat Petroleum Reaches Agreement with James Monroe Capital

TORONTO, May 15, 2007 (Canada NewsWire via COMTEX) -- Strat Petroleum, Ltd. (OTC:SPRL), an emerging exploration and development company focusing on oil and gas opportunities in the Russian Federation, today announced that it has signed a letter of intent to form a joint venture with James Monroe Capital for the processing of waste/sludge oil in Bashkorstan.
The terms to complete the joint venture include initial capital funding by James Monroe of up to $1 million, with further funding available upon successful completion of between 2-3 processing plants.
Management's recent trip to the Russian Federation included meetings with local authorities and oil refineries, and visits to a number of new sites for establishment of processing plants. These new reservoirs have greater hydrocarbon content creating the opportunity for much stronger revenues and profits.
Sam Hyams, President & CEO of Strat, stated, "I am excited by this new relationship with James Monroe, as the possibilities for funding opportunities presented in oil waste/sludge reservoirs and support available from the James Monroe team's knowledge, experience and network in the oil and gas industry will be very beneficial to both Companies."
Currently Strat is working on securing licenses for processing oil waste that will allow it to secure 100% of the rights to process the reserves in the reservoir, thus not requiring local joint venture partners.
Strat is pursuing a couple of other projects which will be announced in the near future along with further information on progress regarding oil waste processing.
About Strat Petroleum:
Strat Petroleum is an emerging exploration and development company focusing on investment in oil and gas properties and other related projects in the Russian Federation. For more information, please visit the company website at www.stratpetroleum.com. The company's phone numbers are: 905-761-9169 (main), 416-628-8018 (fax) and 646-216-9751 (U.S.).
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Ccn%5C2007%5C05%5C15....
JMCPer's-A Must Read:

Posted by: greenbullz
In reply to: None Date:5/15/2007 9:19:20 PM
Post #of 9785

http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379


in this interview with frank love, he explains his focus in the oil business. 1. Oil sludge- which turned out to be a joint venture with Sprl.
Another focus is 150 wells in PA "the Quaker State" which I believe will be a joint venture with EOR Petroleum which Sam is CFO. listen to this interview and then read this portion from the EOR website. not hard to put the pieces together. Now what will the link between SPRL and EOR be?


from EOR website.
The company intends to initially secure options for wells on a number of properties in Venango County, PA, and then expand to other regions of the US based on the amount of funding available, cash flows generated, and value of the leases. Research indicates that secondary oil has never been recovered in the Venango Sandstone Formation. The longer term strategy is to reinvest the majority of cash flows generated to acquire as many wells as would be feasible to manage, and enter into optional agreements with owners of wells abroad to apply our solution.

Estimates have the proven secondary oil reserves at approximately 330 million barrels (1 Million Barrels = 1 MMbls) of oil in the Appalachian Basin Reservoir, based on a report by the US Department of Energy, with OOIP (Original Oil in Place) remaining reserves exceeding 60 billion barrels. The first two options the JV is securing have OOIP estimates in excess of 40 MMbls, based upon surveys performed by Quaker State on the immediately adjacent properties during the mid-1970s.

EORP has set a strike target of treating up to 20 new wells per month by each two-person crew. Thus based on available funding and cash flows, all 154 wells could be treated by two crews within 4 months. Further expansion of wells will be dependant on our local management’s ability to recruit qualified staff. This limiting factor is a given with the current level of activity in the oil industry. Our local management, however, is confident they can recruit workers who have left the industry once commitment is in place with funding and a program to rebuild wells on an ongoing basis.
http ://www .eorpetroleum. com/71/index.html


New York, May 15, 2007
AheadoftheBulls.com: Future Bulls GPSN, EFGO, JMCP
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C15....

May 15, 2007
Stockwire.com: Speak with other shareholders about: (OTC BB: GPSN), (Pink Sheets: EFGO), (Pink Sheets: JMCP)
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C15....

James Monroe Capital is in the Final Stages of Financing the Strat Petroleum Joint Venture
Thursday May 17, 7:30 am ET

KILLEEN, Texas--(BUSINESS WIRE)--Frank Love, President of James Monroe Capital Corp., is pleased to announce that James Monroe Capital Corp. (Pink Sheets:JMCP - News) is in the final stages of the process of completing its financing. It is anticipated that the financing will be completed at the end of this month or early next month.

ADVERTISEMENT
Frank Love states, "In many recent press releases, I discussed $270 million dollars worth of oil sludge in Bashkorstan Russia, 48 million barrels of oil reserves, (with today's price range of $50-$60 a barrel) in the Samara region of the Russian Federation, Wales Holding Corp. (Wales Gold Mining), the Ghanaian-based Gold Company with properties in the Ashanti belt region, and the formation of the James Monroe Capital Royalty Trust.

"The major hurdle that I had when I took over this company was to get it properly financed so we could pursue our deals that would provide shareholder value. We are now well on our way in doing this. The gold-asset that we acquired will help us in getting financed efficiently as well.

"We will finance the joint venture with Strat Petroleum using debt. Debt financing will also be used for our other projects, like acquiring hundreds of the thousands of Stripper Wells available in North America. I am still negotiating terms and will have this finalized shortly.

"Concerning the James Monroe Capital Corp. Royalty Trust, in order to participate in the Royalty Trust one must have a date of record June 1, 2007. Also, I am currently in talks with a potential Underwriter and Trustee for the Royalty Trust who has current and past experience Underwriting, Listing and Managing monthly dividend paying Royalty Trust with several NYSE Royalty Trust.

"I look forward to keeping you updated in these exciting times."

JMCP: IMPORTANT INFO PLEASE READ, A LOT OF DD ON JMCP:


This post will consist of all press releases that have been issued from right prior to Mr. Frank Love coming on board and taking over JMCP. I will also add many other links to support each of my opinions, those who I believe to be involved, and any other info that may help someone that is trying to do some Due Diligence on James Monroe Capital.

AMERITRADE SITUATION:
JMCP is aware of the Ameritrade restriction. This took place because of old management not updating records Ameritrade requires to lift restriction. We will soon step through the motions with Ameritrade to allow trading but it could be awhile before we accomplish this. Many things inside the company are changing rapidly at this time so at some point in time Ameritrade will have necessary information they need. I can not promise shareholders when this problem will be rectified.


Interview with CEO Frank Love via Wallstreet.net
http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379

JMCP Articles of Incorporation
http://www.sunbiz.org/COR/2007/0404/00507570.tif

OBION RESOURCES & EXPLORATION, INC
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=bAHN6hbajdWpW%252fvmSkDxzw%253d%253d





OBION HOLDINGS, INC.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=pkA3U6oJfgDDtuD4O55bMg%253d%253d

THE OBION GROUP INC.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=ESed12IAcCHkMbtzcHAh9A%253d%253d

OBION Website
http://www.obiongroup.com/index.htm

JMCP Investor Relations
http://chinookinvestmentgroup.com/Home_Page.html

History of Oil
http://www.priweb.org/ed/pgws/history/spindletop/spindletop.html



James Monroe Capital Appointing New President and CEO

CHICAGO, Feb 19, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets: JMCP) has announced that it is in the process of appointing a new company president and CEO, Frank Love.
All current officers and independent contractors of James Monroe Capital will remain involved with the company. Mr. Love is excited about the projects that James Monroe Capital presently has, and has been in talks with numerous other parties about possible new business to bring to the shareholders.
Principal shareholder Taylor Moffitt said, "After talking with several top notch candidates, Chris McGovern and I feel that Frank Love is in the best possible position to represent our interests as shareholders, and bring value to the table. He has enthusiasm, energy, and has been in talks regarding a handful of deals that Chris and I are very excited about. He agrees with our position of 'no reverse stock splits' and cares about both his reputation and the long-term interests of his shareholders.
CEO Chris McGovern commented, "This is an amazing opportunity to see James Monroe Capital moving forward into a bright future. I believe that Frank Love has the integrity and the determination see growth come to fruition. He is committed to the interests of all long-term shareholders and believes in our vision of the company's future."
SOURCE: James Monroe Capital Corporation
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C02%5C19...

FRANK LOVES INFO:

Frank's Army Military background:

#1 8 years Mission Ready Force One (MRF-1)

#2 Military Actions:

Desert Storm

1yr. Haiti
1 yr. Nato Bosnia

1yr. United Nations Bosnia
1yr. Kosavo

2 Tours in Korea

Frank has been awarded 7 rows of commendations totaling 41
commendations

Currently Retired Medical



James Monroe Capital in Talks Regarding Oil Deal

CHICAGO, Feb 28, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) is in talks to enter into a joint venture to acquire three licensed oil fields in a foreign country, over 100,000 acres with 11 wells. The fields have been proven to contain reserves of 2 million tons of crude oil. That is 11 million barrels of C1 and 37 million barrels of C2.
The market value of leasing the oil fields is significantly higher than the acquisition cost, and represents the type of deal James Monroe Capital seeks.
Principal shareholder Taylor Moffitt said, "This deal could help to diversify us as shareholders, and could provide something we need: Earnings. That's why we like this. There are a lot of things we could do with only a fraction of the income from that much oil. If Frank Love can close this deal and provide that much value to the company, then we're lucky to have him, and I hope he'll consider doing another deal of this type with us. If Love nails this deal, then his candidacy for the leadership of our company will move from 'in process' to 'done.'"
No timeframe estimates or prices are being provided to the public at this time. All emails requesting additional information will be deleted. All past efforts have been "shelved" to focus on this deal, which the company has deemed as "more profitable." A combination of debt and equity may be used to fund the deal, through foreign loans and private placements at market value. No reverse stock splits will be considered.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C01...

No reverse stock splits will be considered.

I believe this had to be agreed upon between Taylor and Chris with Frank Love in order for him to take over JMCP


James Monroe Capital Closing-in on Oil Deal

CHICAGO, Mar 02, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) has moved from talks to contract negotiations regarding an oil deal which involves over 100,000 acres of land and 11 wells. The deal would be a joint venture, with funds being raised by private placement, and the company will be borrowing against its assets, namely real estate and stock, and will pay off the debt over a period of years. After the debt is paid off, and the company is cash-flowing strongly, most shareholders seem to feel that the ONYI stock should be passed through as another dividend. Present management feels that this is a good idea, but will have to evaluate the situation in the future.
Frank Love has been negotiating the deal, which represents the type of transaction the company eagerly solicits. Love has a lot riding on the deal, if he succeeds in making the company money, the reigns of JMCP will be handed over to him. Love, unlike Moffitt & McGovern, is a fan of the buyback, and has expressed interest in a buyback after the company is making money.
Chris McGovern commented, "We want people to know what we are doing. There's a fine line between keeping people in the dark and appearing to pump our company. We're trying to objectively educate the public as to what we are working on, so that investors can make their own decisions. This oil position could hedge many of us as shareholders who are participating heavily in biofuels already. I like green power, but a profitable deal is a profitable deal. If Frank nails this one, it will be good for us, big time. We don't want anyone to expect it to put a million dollars into their account, but we view it as our little lotto ticket. We might not get it, but if we don't get the deal, at least our stock didn't go down and we can try again. No reverse stock splits will be considered."
The company is experiencing email problems, and hopes to have email again next week. All previous projects have been "shelved" to focus on this project, which has more potential value.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C03...

James Monroe Capital Shareholders Vote for Conditional Buyback

CHICAGO, Mar 13, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) announces that a shareholder majority has voted and signed an agreement approving a stock buyback, subject to the company closing a pending joint venture oil deal for income.
The signed agreement also has provisions that prohibit management from doing a reverse stock split for 2 years, and states that part of the income from the oil venture has to be used to buy back its own securities, in the market, in accordance with the state and federal securities rules and regulations governing such buybacks.
The company is now working to get the joint venture agreement signed, and then to close on the oil deal itself, which requires private funding, and some financing.
The company wishes to emphasize that it aims only to please its long-term partners. The company growth strategy involves long-term growth. James Monroe Capital is a company which seeks-out unusual bargains. The company website is at www.jamesmonroecapital.com
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C13...

James Monroe Capital Appoints Frank Love as President

KILLEEN, Texas, Apr 02, 2007 (BUSINESS WIRE) -- Taylor Moffitt and Chris McGovern are pleased to announce that they have appointed Frank Love to the position of President of James Monroe Capital effective immediately.
Taylor Moffitt is excited about the deals that Frank Love has brought to James Monroe Capital. Taylor has stated, "I have reviewed numerous candidates but Frank had ideas that, if they could be brought to fruition, would enable James Monroe Capital to have earnings. This would enable James Monroe Capital to buy-back its stock and make us trade at a level that is reflective of our assets and our team."
Chris McGovern states, "this is an exciting time for James Monroe Capital shareholders."
Frank Love from here on will write all the press releases and will update shareholders periodically.
SOURCE: James Monroe Capital
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C02...

Frank Love Announces His Intentions for James Monroe Capital

KILLEEN, Texas, Apr 13, 2007 (BUSINESS WIRE) -- Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), issued the following statement on his intentions for the direction of the company.
Love stated, "When I took over this company, it had restricted shares in Originally New York and some marginal equity properties. The share price had a bid of "unpriced" and an ask of $0.0001. This meant that an investor could buy the stock but it would prove to be difficult to sell it.
I have come up with the following strategy that I will follow.
1) No reverse-splits. In my experience, when reverse-splits occur, the share price usually falls to the level that the original reverse-split started from. Shareholders usually never benefit from this. I will not reverse-split this company since I do not believe it will benefit the shareholders whose interests I hold paramount.
2) Buy-back. We have billions and billions of shares outstanding. We will remain on the Pink sheets and will never get institutional interest if this continues. I intend to buy-back as many shares as I can at $0.0001 with the revenues generated from our oil deals. In addition, I will only enter into deals where there is cash flow that will allow me to do this. This will allow our share price to increase so that we won't be a sub-penny as well as to provide a bid price with which investors will have an exit strategy. Our share price should eventually reflect the assets that we have placed inside of it.
3) Exchanges. Once the buy-back has been completed and our outstanding share-structure has been drastically reduced, I intend for us to move to either the AMEX or Nasdaq. In addition, I would like a dual listing on the AIM or Frankfurt.
Please be patient with both our new management team and myself as we execute this strategy."
SOURCE: James Monroe Capital
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C13...

James Monroe Capital Corp. (JMCP) Announces Its Chief Financial Officer

KILLEEN, Texas, Apr 16, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love, stated, "Now that we are a 100% bona fide Oil Company with several large Oil deals signed and sealed, it's time to announce who our Chief Financial Officer is."
Mr. Anthony (Tony) Gouveia CFO:
Mr. Gouveia is a CFO or Director of a number of companies in various industries. His expertise is focused on acquisition of capital, sale and acquisition of companies, IPO process and formulating effective business strategies to maximize return to shareholders and investors. Mr. Gouveia was the Vice President of Finance and Corporate Controller for the Unilab Corporation (Unilab). Mr. Gouveia was involved in the following regarding his tenure at Unilab: (1) taking the company public raising $125 million; (2) subsequent to the IPO, the company sold 9.2 million shares in a secondary offering; and (3) the company was sold for approximately $900 million. The market cap of Unilab, when Mr. Gouveia joined the company, was under $200 million. Unilab's IPO was considered one of the most successful IPO's as reported by The Wall Street Journal. Unilab had the highest profit margins in the industry. Prior to Unilab, Mr. Gouveia was the CFO for Winston Tire Company (Winston). In two years, Mr. Gouveia improved annual cash flow by $2 million increasing the value of the company by $20 million, acquired 3 companies and integrated their operations and developed a long-term plan to reverse 10 years of losses prior to Mr. Gouveia joining the company, which was on target during his tenure at Winston. Mr. Gouveia spent several years as an auditor for large international accounting firms.
Mr. Gouveia's approach will be to assist Mr. Love to invest our financial resources in a disciplined manner to provide the best possible return to investors/shareholders. This means focusing on the right businesses/products. Mr. Gouveia stated, "As CFO, I will assist Mr. Love in evaluating our businesses/products to ensure that they meet our standards for financial performance, growth and return on investment."
Love further stated, "This caliber of Chief Financial Officer, directly reflects the direction in which James Monroe Capital Corp. is headed."
SOURCE: James Monroe Capital Corp.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C16...

James Monroe Capital Corp. Enters Agreement to Purchase Building Housing Killeen Headquarters

KILLEEN, Texas, Apr 17, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) announces it has entered into an agreement to purchase the building housing its headquarters located at the following address:

James Monroe Capital Corp.
314 E. Ave. B
Killeen, TX 76543

Frank Love, President of James Monroe Capital Corp., stated, "Purchasing the building that houses our oil company just makes perfect sense. The amount of oil we are going after cannot all be refined in my lifetime nor yours. Establishing a permanent headquarters for the next generation of James Monroe Capital Corp. leaders is a prudent move on our part now, as we pave the way of the future. With capitalism emerging worldwide in countries like China, Russia, and India, their dependence on oil will rapidly increase through the years. James Monroe Capital Corp. will be there to meet that increase."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C17...

James Monroe Capital Corp. Appoints Directors to Have a Complete Management Team

KILLEEN, Texas, Apr 19, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP):
James Monroe Capital Corp. President Frank Love, states, "We have appointed Directors to form our management team. Heading up this management team is Chief Financial Officer Anthony (Tony) Gouveia, followed by Secretary-Treasurer Alex Desousa and Chief Operations Officer Kamran Khan."
Kamran Khan is a well-known businessman and athlete in the USA and around the world. In 1971 Kamran Khan came to the U.S. to continue his higher education. In 1972 he earned his Masters Degree in International Relations from Villanova University, and immediately was offered a position in International Banking at Fidelity International Bank, where he worked for several years before starting his own businesses. In recognition of his outstanding abilities for building and running successful businesses, he was elected the President of Bryn Mawr Business Association.
Besides his tremendous success as a businessman, Kamran Khan has a remarkable history as an athlete. He has the distinct honor of representing the United States National Cricket Team for 20 years as Captain and Co-Captain. His personal cricket achievements account to over 100 trophies, including All-World honors, Man of the Match, Best Bat, Best Bowling, 4 ICC trophies, and a Hall of Fame in 2000.
He was the President of the United States Cricket Association for two years. As a president of the USA Cricket Association, Mr. Khan developed, coordinated and promoted a wide spectrum of activities and projects for the betterment of cricket in America.
In 1972 Kamran Khan became the Head Cricket Coach at Haverford College, where cricket has been played for over 150 years, and continues to coach cricket at this premier institution for 35 years, maintaining the college's historic tradition in the sport.
Mr. Desousa has 12 years of Accounting, Auditing and Finance and 7 years of Database Management consulting, Credit and Risk Management, Financial Analyst, Business Analysis and Project Management. Most of the consulting work has been for well-known companies such as Verdi-Rock Real Estate Development, Rogers and AT&T, Manulife Insurance (Hancock), Direct Energy (Energy America in Georgia and Power Republic in Texas) Hewlett Packard, Canadian Imperial Bank of Commerce, TD Securities (TD Waterhouse), RBC for offshore investments (Bahamas, Cayman, Barbados, Miami and Singapore) and AutoDesk Software Development.
Mr. Desousa has a well-diversified experience in several industries from his accounting and auditing in the early nineties to his present position as business analyst and project manager.
Mr. Desousa has great knowledge of experience in the area of property management, real estate development, energy, mutual fund management, logistics, insurance and banking, software development and software consulting.

Alexander Desousa
25 Oscar Romero Place
Toronto, Ontario
M6N 5A5
finanz_alex@yahoo.com

Objective:
To obtain a position as a Financial Analyst or Business Analyst
applying my diversified skills and knowledge in Finance, Scorecard, Statistics and Database management to the benefit of the Organization.

PROFILE:
Experience in Developing decision support tools and problem solving with strong process analysis and negotiation skills in business. Results-oriented analytical and committed to the bottom line results. Languages: Fluent in French and Spanish (Conversation and Writing) also basic knowledge of Portuguese, Italian and German Key Accomplishment Developed a Data base that keeps track of credit card collected per customer service agent – Rogers Implemented, designed, data migrated and tested of new multi-user Accounting system NewStar- Verdiroc
Developed a Centralized budget system in excel to reduce data input and repetition. – Verdiroc Designed a multi-level troubleshooting process for Internet customer
technical support Serso.com Developed customized routines for report generation and trained end- users - Fixture Exchange
Handled the successful automation of an invoicing system – Telebooks Developed a system to track bank account balances and changes in daily cash positions - PhoneWorks
Set up monthly accounting policies and practices for three client
Companies - Sport-Mate Services Technical Skills

Operating Systems
Windows NT/98/95/3.1, DOS 6.x Unix (Solaris) and Linux 6.1
Database MS Access, Oracle SQL, dBASE IV, FoxPro.

Applications
Accounting
ccPac G/L, Minicom , NewStar, Simply Accounting, AccPac, Business Vision

Business Intelligence Tools
Crystal Report, COGNOS, Web-Focus (MRE)
ERP, Microsoft and Internet applications
Visual Basic 6, ASP,MS Project, Excel (Macros, Pivot), Power
Point, ,Visio, ,Lotus Notes, ,HTML, SAP Admin and Financial

Experience
Hewlett Packard (Contract) May 03 - Present
Business Report Analyst - Operation ad Sales Department.
* In Charge of extraction of data from different sources in
different formats and converting it in to useful information using SQL Access and Excel pivot tables.
* In Charge of extraction of data and reports from SAP R/3 and
Oracle by using Obdc connectivity and converting this reports in to useful information tools for the user
* Designed and Developed Ms Access databases using Microsoft Access database
* Reviewed Processes to recommend and implement enhancement to the HP and Compaq integration transition.
* Reviewed processes and implement applications solutions to reduce the Information retrieval time.

Direct Energy Canada (Energy America) (Contract ) June 01 - Feb 03 Business Analyst - Operation and Collection Department
¨ Extraction of data from different sources in different formats
with use of Ftp and converting it in to useful information using Sql Access to upload in to the Dialer and other data bases.
* Designing and Developing Ms Access databases using access and Visual Basic 6.
* Generating reports with the use of Crystal Report.
* Reviewing Processes to recommend and implement enhancement to increase productivity by using flow charts and productions models in Visio and PowerPoint.
* Analyzing data, using trends and comparison in Excel and Access * Developing Excel Worksheet and templates with advanced features like macros and function.
* Reviewing Processes and implement applications solutions by using Access or SQL to speed up the
Information retrieval time.
* Monitor and insure that the budget is within the department
standards and objectives.

Manulife Canada March 01 - June 01 (Contract)
Financial Business Analyst Finance and Information Services
Department * Producing and Developing Statistical Reports to Monitor the performance of several E- commerce Projects and Network Projects and all the business division of Manulife.
* Developing methods measure business trend and measure
productivity.
* Reviewing processes and methodologies to recommend and implement enhancement to increase efficiency by the automation and streamlining business functions and activities with the use flow charts and financial models in excel.
* Conducted monthly audit on the status IT pending issues like
systems outages, assuring immediate response time and the problems were escalated to appropriate levels .

Rogers and AT&T Communication March 00 - March 01
Business Analyst Process and Planning Department
¨ Producing and redesigning Statistical Reports to support the
business operational need.
¨ Developing methods of measuring productivity with use excel
advanced functions.
¨ Recommending solutions to tighten credits checking, and reduce days outstanding on A/R.
¨ Reviewing Processes to recommend and implement enhancement to increase productivity by using flow charts and financial-productions models in excel.
¨ Reviewing Processes and implement applications solutions by using Access or SQL to speed up the
Information retrieval time.
¨ Extraction of data from different sources, in different formats
and converting it into meaningful information in access or excel
format.
¨ Monitor and insure that the budget is within the department
standards and objectives.
¨ Generating databases reports, queries, creating tables.
¨ Analyzing data, using trends and comparison in Excel and Access
¨ The creation of flow charts for report and data flow.

Verdiroc Holdings (Real Estate Development Company) May 99 Feb 2000 Budget Analyst and Accounting System Implementator (Contract)
¨ Producing management and budget report in various construction projects On a monthly basis for proper Financing to keep adequate cash flow.
¨ Monitored of variance on budget versus actual.
¨ Assisting in the implementation data migration and testing of new Network and multi user Accounting system called NewStar which is written in Progress, a database like Oracle Financial.
¨ Analyzed the Business need to design and create the new G/L and Job cost Reports.
¨ Learned the newstar system and taught the accounting department on how the use the software.
¨ Transferred Information to access database from accounting system using data transfer tools.

Nelbar Financial Investment Banking & Essex Capital Management Jul 1998 Apr 99
Accountant (Mutual Accountant)
¨ Developed a computerized accounting system from setup of the G/L to the creation of detailed and summarized Certified Investment Certificate client reports (Nelbar Financial)
¨ Assisted the C.F.O Essex Capital Management, the sister company, covering in his absence (the CFO); handled accounting operations, daily and weekly cash flow, bank and trading reconciliation.
¨ Journal Adjustments of stocks Re-evaluations (Gains and Losses) and Foreign Exchange.
¨ Month End Journal accruals, and other month end Jr entries to
prepare the financial reports .
¨ Monthly Financial Report for the Investment Dealer Association
reporting (MFR)

John Davies C.A. Firm. Mar 1995 July 1998
Accountant/Systems Administrator and Collections (Contract )
Sport Marketing Strategies, The Toronto Brigantines, Telebooks and Legal Index Inc.
* Performed accounting duties related to the preparation of
Financial Statement * Maintained and trouble shooted the computerized system.
* Participated in the installation and integration of a multi-user
accounting system and set up the billing module and G/L system using Business Vision.
* Analyzed the business & set up the G/L and the chart of accounts and tested transactions.
* Prepared working papers and lead sheets for auditors for financial statements
* Audited, tested and set up internal controls

Stilc, Unicorn Properties, Suncor and Airluso International July
1993 Feb 1995 Financial Accountant
* Developed a database using FoxPro to handle payroll for 50
employees * Maintained and updated construction cost reports on Unicorn properties.
* Produced financial statement and a special report for the Travel Industry Commission
* Conducted Inter Company Reconciliation for the four companies.
* Assisted auditors with working papers and lead sheets for year end statements

PhoneWorks and Teleclassified Ltd. Feb 1991 - June 1993
Sub-Controller/Cash Manager
* Designed and implemented a computerized system to track 14 inter- city bank account balances and monitor the daily cash positions to ensure proper cash flow
* Controlled the cash management of 14 bank accounts in several cities in Canada and the US to meet the weekly cash requirement to cover fixed costs for four branches
* Monitored and investigated causes of variance analysis on budget versus actual.
* Conducted Inter Company Reconciliation
* Handled all accounting functions to creation of Financial
Statements


EDUCATION
CFA Candidate Level I (In Progress)
Canadian Securities Course - IDA (In Progress)
Economic Analysis Certificate - Ryerson University 2001
Computer Programming and
Systems Analysis Diploma - Toronto School of Business 1997
Accounting Diploma - Seneca College 1996
Business Administration Certificate - Seneca College 1991


OTHER STUDIES
E-Commerce Certificate - NTG Istitution 2003
Oracle Administration Certificate - NTG Institution 2002
Visual Basic Certificate - SouthSoft Software Training Institute 2001 Unix Solaris 10 Wks Certificate of Completion -
Xincon Computer school 1999

Professional Membership:
Member of the Institute of Internal Auditors (IIA).

Volunteer work
Chairman of the Finance committee for La-Paz Co-op mainly in charge of the approval and presentation of the annual budget, work in relation with the auditors and provide recommendations on cost and internal controls.

http://alexanderdesousa1.tripod.com/id3.html
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C19...


Kamran Khan
Head Coach, Cricket
Haverford College
370 Lancaster Avenue
Haverford, PA 19041
610-896-1117
kkhan@haverford.edu


Kamran Khan has been instructing cricket at Haverford for over a
quarter of a century, maintaining the college's historic tradition
in the sport.

Since he became coach in 1974, Khan has helped the Fords' cricket fortunes flourish, with several successful tours, most noteable among them trips to England and Scotland in 1990 and an undefeated tour of England in 1996. He meanwhile represented the United States in international competitions until 1994, earning All-World honors in 1976 and captaining the U.S. from 1980-92.

As a president of the USA Cricket Association in 2000-01, Khan
developed, coordinated and promoted a wide spectrum of activities and projects for the betterment of cricket in America. He organized and conducted the U.S. teams tour to England in August 2001, as well fund raising and resource allocation for the International Cricket Council competition in Toronto that year

Kamran Rashid Khan began to play cricket in Pakistan when he was 4 years old. Since then cricket has become such an essential part of his life that he could not imagine himself apart from cricket. Anywhere he went or lived in the world, cricket was always with him. He represented Government College Lahore, Punjab (as captain) and Pakistan Universities. In 1969-70, he was awarded Pakistan's highest university sports award -- University Blue. Khan came to U.S. in 1971 to earn a Masters degree from Villanova (Pa.) University, and first learned of Haverford cricket while passing by the College. He
was soon urged to become the teams coach.

Besides his devotion to cricket, Kamran Khan has successfully
developed and managed several personal businesses. He has been on the board of directors of the Bryn Mawr Business Association for many years and presently operates Galina Oriental Rug Gallery in Blue Bell, Pa.
James Monroe Capital Creates a Subsidiary

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P07000041205&inq_came_...


KILLEEN, Texas, Apr 24, 2007 (BUSINESS WIRE) -- Frank Love, President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce the formation of a wholly owned subsidiary named "JMCP Acquisition Inc."!
Frank Love states, "We needed to create this subsidiary to place some assets in. The subsidiary was formed in the State of Florida. We needed the assets so that we could get favorable terms on our financing. The financing was used for our oil deals.
"Details of the asset placed inside of JMCP Acquisition Inc. will be announced shortly. I appreciate your enthusiasm and all will be revealed!"
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C24...

JMCP Acquisition Inc. in Last Stage of Gold Company Acquisition

KILLEEN, Texas, Apr 26, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital Corp. (PINK SHEETS:JMCP), is pleased to announce that he is finalizing an agreement with which to acquire a Ghanaian-based Company with rights in a concession located along the prolific Ashanti Belt.
The Ashanti Belt has an overwhelming history as a region rich in precious metals and minerals. In addition, it hosts some of the largest mines in the world. Many of the producing mines along the belt run in a NE trending line with other producing mines. This infers a high expectancy of mineral rich soils that contains gold specifically in mines and concessions that lay along the trend.
The concession is currently the subject of a 43-101 compliance review to verify its positive results to date, and its current operations are headed by a world class and highly respected local geologist.
Frank Love states, "I am excited for JMCP Acquisition Inc. (a James Monroe Capital Corp. Wholly Owned Subsidiary) to acquire this company with its amazing potential."
Our new Investor Relations is Chinook Investor Relations Group LLC, http://www.chinookinvestmentgroup.com/. For more information contact Harold Engel at info@chinookinvestmentgroup.com.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C26...
Ashanti belt
Ashanti belt of Ghana constitutes a gold province which has produced a total of about 1500 t of gold historically. Gold mineralization is found in steep, NNE-SSW to NE-SW trending shear zones pre- dominantly transacting metasediments of the Palaeo- proterozoic Birimian Supergroup (2.2–2.1 Ga), dis- seminated in ca. 2.1 Ga granitoids, in paleo-conglom- erates of the Tarkwaian Group (< 2135 Ma), and in recent placers. The distribution of gold, its chemistry, paragenesis and mineralogical siting in the mesothermal ores of the major mines in the Ashanti belt, namely Konongo, Ashanti, Bogosu and Prestea mine, are the
subject of this study.


At the localities studied, gold is present in two main types of ores:
1. Quartz veins with free-milling gold. The gold is rela-
tively silver-rich (true fineness values from 730 to 954)
and is accompanied by a distinct suite of Cu, Pb, Sb
sulfides. 2. Sulfide ores, consisting of arsenopyrite, pyrite
and rarer pyrrhotite and marcasite, with refractory gold.
The ores have apparent fineness values larger than 910.
Arsenopyrite and locally (at Bogosu) pyrite were iden-
tified as the hosts of submicroscopic gold. Mean con-
centrations of gold in arsenopyrite in various samples
from the different mines, obtained by secondary ion
mass spectrometry (SIMS), range from 67 to 314 ppm
Au. Gold concentration mapping in individual arseno-
pyrite crystals from the different deposits revealed simi-
lar patterns of gold distribution: the grains possess a
gold-poor core, and elevated gold contents are presentalong distinct crystal growth zones towards their rims.

The outermost crystal layer is usually gold-poor. The
well-preserved distribution patterns also indicate that
remobilization of gold from the sulfides played an in-
significant role in the ores of the Ashanti belt. Multiple
quartz veining and growth zoning of the sulfides are
interpreted as manifestations of multiple episodes of
fluid infiltration, fluid flow and mineral deposition. The
bimodal occurrence of gold in spatially closely asso-
ciated quartz vein and sulfide ores indicates a genetic
link between these ore types. A model implying a grossly
coeval formation of the ores from mesothermal fluids is
proposed.IntroductionA geochemical enrichment from Clarke-values by a factor of about 1000 is required to form economic gold mineralization. However, at ore concentrations com-
monly between 1 and 10 ppm, gold is still a trace element
whose distribution and mineralogical siting in the ores is
of extreme importance for the metallurgist and the re-
searcher working on the genesis of gold deposits. In the
mesothermal gold mineralizations of the Ashanti belt of
Ghana, gold displays a bimodal distribution; being
present both as free-milling gold in quartz veins and in
the form of submicroscopic or ‘‘invisible’’ (< 0.1m)gold in refractory sulfide ores. Both ore types are spa-
tially closely related to each other, indicating a genetic
link between them.The observed relationships are not unique to the oresof Ashanti belt, but are known from many mesothermal
gold deposits, mainly of Archean age, worldwide. In
this respect, Boyle (1979) provided a compilation of
earlier literature, and more recently Cabri et al. (1989),
Cathelineau et al. (1989), Wu and Delbove (1989), Cook
and Chryssoulis (1990), and Fleet et al. (1993) reported
on advances in determining the state and location of
‘‘invisible’’ gold in sulfides.

James Monroe Capital Corp. to Form a Shareholder Royalty Trust

KILLEEN, Texas, May 01, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love states, "With recent developments concerning the enormity of the Oil deals and the creation of a subsidiary and several Joint Ventures with ongoing concerns reaching as far as Russia, we are about to embark on a path that will directly affect every current James Monroe Capital corp. investor and I want to properly identify each and everyone of them, to ensure each receives their fair portion of any and all yields from this investment. By forming a JMCP Royalty Trust in which to put JMCP shareholders of record, the Company can move forward with the confidence in knowing no one was left behind. A trust account is being set up with a major World Wide brokerage firm to encapsulate the entire James Monroe Capital Corp. shareholder base. The Date of Record for capturing the JMCP shareholder of record list is currently set for Friday, June 1st, 2007."
Love further states, "This is a very special time for James Monroe Capital Corp., it's Subsidiary JMCP Acquisitions Corp., Joint Venture Partners, and most of all its loyal shareholders. I want to make certain everything is done right; the deals we have now closed and the ones we will close in the very near future are testament to the iron clad steel resolve of James Monroe Capital Corp.!"
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C01...

Some Info on Royalty Trust
Royalty trust
From Wikipedia, the free encyclopedia

A royalty trust is a type of corporation usually involved in mining.
It is taxed according to special regulations, whereby its profits
are not taxed at the corporate level provided a certain high
percentage (e.g. 90%) of profits are distributed to share holders as dividends. The dividends are then taxed as personal income.
This system, similar to real estate investment trusts, effectively avoids the double-taxation of corporate dividends.

Royalty trusts typically own oil or natural gas wells, or the
mineral rights of wells. Corporate shares generally trade on the
public stock markets. They are a powerful investment tool for people who wish to invest directly in oil or natural gas, but who don't have the resources or risk-tolerance to buy their own well.
Additionally, since trusts often own numerous wells, they represent a convenient way for the average investor to diversify investments across a number of properties.

Royalty trusts often attract investors with their relatively high
yields. This makes the shares sensitive to interest rates, as share prices are likely to decline in periods of rising interest rates, and to rise when interest rates fall.

Royalty trusts are found in Canada and the United States. Canadian royalty trusts, called CanRoys, typically trade on the Toronto Stock Exchange, while some of the larger trusts also trade on the New York Stock Exchange. CanRoys usually offer higher yields than U.S. trusts; for non-Canadian investors, this higher yield is somewhat reduced by a foreign tax withholding that is absent in the U.S. trusts.

Royalty trusts were created by T. Boone Pickens in 1979 in response to the difficulty that Mesa Petroleum had in replenishing its oil reserves. Through royalty trusts, he was able to substantially decrease his amount of effective reserves and avoid the difficulty of replenishing them.

Investment trust
Income trust
Publicly-Traded Royalty Trusts
BP Prudhoe Bay Royalty Trust
Cross Timbers Royalty Trust
Dominion Resources Black Warrior Trust
Harvest Energy Trust
Hugoton Royalty Trust
LL&E Royalty Trust
Marine Petroleum Trust
Mesabi Trust
Mesa Royalty Trust
North European Oil Royalty Trust
Permian Basin Royalty Trust
Pengrowth Energy Trust
Provident Energy Trust
Sabine Royalty Trust
Santa Fe Energy Trust
San Juan Basin Royalty Trust
TEL Offshore Trust
Tidelands Royalty Trust B
Torch Energy Trust
Williams Coal Seam Gas Royalty Trust

The Truth on Trusts
Canadian Association of Income Funds
Taxation of Income Trusts: Was it Worth the Cost and the Turmoil? By Yves Fortin Retrieved from http://en.wikipedia.org/wiki/Royalty_trust"

James Monroe Capital Enters into Talks with Oil Company for a Possible Joint Venture

KILLEEN, Texas, May 03, 2007 (BUSINESS WIRE) -- Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that James Monroe Capital has entered into talks with an oil company that has up to $270 million dollars of unrefined crude. The value of this inventory has not been realized due to two factors.
Firstly, the oil company needed financing to obtain the processing equipment to be placed at the various sites where this inventory sits. This will be one of the terms that James Monroe Capital may have to fulfill. In addition, this may help shareholders understand the reason behind acquiring a gold asset.
Secondly, the oil company needed the technical expertise through a solution in obtaining the oil from its present state. Frank Love states, "We are based in Texas (The Big Oil Patch) and with my knowledge and that of my contacts, we have helped to obtain the solution to this Company's rather complex problem."
Details will be announced in the very near future once the deal has been finalized.
Frank Love states, "This is an extremely exciting time for James Monroe Capital, its Subsidiary and its Loyal Shareholders. We could potentially have significant revenues."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C03...

JMCP Acquisition Inc. Completes Acquisition of Gold Company

KILLEEN, Texas, May 04, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that JMCP Acquisition Inc. has purchased Wales Holding Corporation, the parent company owning, Wales Gold Mining Ltd. The merger is complete pending approval of the Florida Certificate of Merger, expected momentarily. Wales is the Ghanaian-based company referred to in the previous press release dated April 26th, 2007. Wales is an owner in the mineral rights of the 23 square kilometer WD concession along the Ashanti belt.
The Ashanti Belt hosts some of the largest mines in the world, which include the Abbosso, Tarkwa, and Iduaprim mines. These mines have produced millions of ounces of gold.
WD has a world-renowned geologist heading up operations, and frequently outsources a team of highly respected geologists. WD is currently undergoing a 43-101 compliancy through SRK to further verify its positive results.
Frank Love states, "This acquisition by James Monroe Capital brings us one step closer in realizing our goal of finalizing our joint-venture with an oil company. At this time I do not want shareholders calling the company or myself. We are extremely busy and will not reveal any inside information. I will reveal additional information through further press-releases."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C04...


WalesHolding
www.walesholding.com

James Monroe Capital Corp. Briefs Shareholders on Recent Developments

KILLEEN, Texas, May 07, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (Pink Sheets: JMCP) President, Frank Love states the following, "Concerning the recent press releases about the several hundred million dollars worth of Crude inventory and the royalty trust now being formed, I am extremely pleased with everything moving forward at a blistering pace. Obviously, James Monroe Capital Corp. is on the move. Virtually everything has fallen into place. Events that have taken place in order to put the $270 Million dollars worth of Crude inventory deal together were quite complex in nature, but our international team of professionals are making it happen in a timely manner.
"Recently, I spoke about forming a royalty trust to disburse any and all yields from our business ventures. Shareholders with a date of record of June 1, 2007 will be placed into the royalty trust on a pro-rata basis. Holding onto your positions during this time are absolutely critical due to the fact we suspect that there is a short position on our stock and some brokerage services are no longer allowing open purchase orders for this security. Obviously the company is looking into this situation and hopes to be fruitful in our endeavors so that anyone wanting to participate in the James Monroe Capital Corp. royalty trust will have the same opportunity as everyone else.
"Regarding an earlier press release where I spoke of multiple deals signed and sealed, the $270 Million dollars worth of Crude deal is the first of three very large Oil deals we are working on. The two other large Oil deals will be revealed shortly as soon as all documentation is file stamped with State, Federal and Foreign Governments.
"Nothing will stand in the way of James Monroe Capital Corp. as we capture our percentage of the very lucrative Oil and Gas market that was made available to us through my international contacts. Opportunities currently being presented to James Monroe Capital Corp. will ensure even more growth of our company in the near future. We will continue to update our progress in a timely manner and I hope to have all available information concerning all of the Oil deals out before the June 1, 2007 date of record."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C07...


JMCP: 40 Barrels an hour x 24 hours = 960 barrels a day

$60 per barrel, 960 per day x 60
(price of oil per barrel) = 57,600

57,000 x 365 days a yr = $20,805,000 a yr, that’s just one deal



May 10 2007 2:14PM ET
StockProfiler.US: Stocks On The Move!
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C07...

James Monroe Capital Corp. Explains the $270 Million Dollars Worth of Waste/Sludge Oil Deal and Royalty Trust

KILLEEN, Texas, May 10, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (Pink Sheets:JMCP) President, Frank Love states, "The Company is in negotiations to form a strong alliance through our Joint Venture with a US company having operations in the oil and gas industry of the Russian Federation, to participate in this very lucrative market. Closing this agreement will be one heck of a first cast of the net for James Monroe Capital Corp. into the Oil & Gas market. The Company having access to oil waste that could generate several $100 Million dollars of revenue, contained in above ground pits was a second awesome cast of the net. When we were notified of the potential to acquiring rights to oil wastes sites is practically unlimited, we were absolutely floored.
The oil waste sites the JV will be pursuing initially, are ones that are mainly an oil and water mixture, where the water is spun out via a mobile centrifuge plant that can process at least 10 metric tons per hour, this equates to roughly 40-50 barrels of waste oil per hour, per centrifuge plant. Mobile centrifuge plants cost roughly $500K each and can be easily moved from location to location via 18-wheeler transports and are operated by a two-man crew. Today's oil prices in the $60 per barrel range equate to potentially substantial gains."
Frank Love explains the Royalty Trust, "The James Monroe Capital Corp. Royalty Trust will be a balanced mix of James Monroe Capital Corp. revenue producing oil properties, located throughout the world, Gas & Oil royalties like Sabine Basin Royalty (SBR), Energy Trusts such as Prime West Energy (PWI), and Pengrowth Energy Trust (PGH). This allows our royalty trust to earn revenues in the form of dividends, interest and royalties from the various operations and joint ventures we participate in whether in North America or across the globe in Russia.
"By having these NYSE Blue Chip REITs, Royalties and Trust embedded into the James Monroe Royalty Trust, with each paying dividends month after month, year after year and in some cases decades. We establish our James Monroe Capital Corp. Royalty Trust with the power of the NYSE as our foundation."
Frank Love further states, "June 1, 2007 will be another great milestone for James Monroe Capital Corp. Having any and all short positions closed from that date forward, because nobody wants to be caught short when your dealing with dividend paying NYSE; REITS, Royalties and Trust, will allow us to see an actual picture of what our stock will look like as we move into the buy back phase of our companies common shares. We will announce our monthly buy backs via a press release and only buy back shares in the open market. Our transfer agent, 1st Global Transfer Agency, will then cut a treasury certificate for the retired shares of which will be publicized as retired with certificate number. We will not reverse split our stock."
For the record Frank Love states, "I own no common shares, I have money that I made with my other business ventures. I will only take pay once this company is profitable. This is the way I do business. When I took the position as President of James Monroe Capital Corp. there were 45 Billion shares issued and basically no assets left in the company and the stock sitting at .0001. I feel James Monroe Capital Corp. is strategically positioned to carry our company and extremely loyal shareholders well into a very successful future."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C07...

Energy Royalty Trusts

Background
Energy Royalty trusts are neither stocks nor bonds, although they share some of their characteristics. Investment trusts are created to hold interests in operating assets, which produce income and cash flows that are passed through to investors. A "trust" is a legal instrument, which exists to hold assets for others. A "trust" investment that uses a trust (the legal entity) to hold ownership of an asset and pass through income to investors is called a "securitization" or an "asset-backed security".

The trust can purchase common shares, preferred shares or debt securities of an operating company. Royalty trusts purchase the right to royalties on the production and sales of a natural resource company. Royalty Trusts are attractive to investors because they promise high yields compared to traditional stocks and bonds. They are attractive to companies wishing to sell cash flow producing assets because they usually provide a much higher sale price, or proceeds, than would be possible with conventional financing. The investment characteristics of both types of trusts flow from their structure. To understand the risks and returns inherent in these investments one must go beyond their promised yield and examine their purpose and structure.

Oil, gas and coal Royalty Trusts pay monthly or quarterly dividends (royalties) based on the prices paid for their already discovered natural resources. Dividends currently range from 6% to 12% from the various Royalty Trusts available on either the New York or American Stock Exchanges. Separate operating companies are contracted to produce, market and sell the resources, so there is no exploration risk. The prospectus for these Royalty Trusts talks about 'forecasted' revenues and earnings. Oil companies also realize that 'proven reserves' have an element of guesswork, and that there might be less oil in the ground, or it may be more difficult to recover than expected. This means that the 10% "yield" is not fixed in stone. As with all investments, one must take the time and do a complete analysis.

U.S or Canadian
There are a few key differences between Canadian energy trusts and U.S. royalty trusts. U.S.-based royalty trusts (which are legally precluded from making acquisitions financed by new debt and/or equity and, therefore, cannot as readily replace depleted reserves) are essentially blow-down investment vehicles. Canadian energy trusts are very different. In fact, Canadian energy trusts have managed, during certain extended periods, to actually increase per trust unit production, discounted cash flow value and distributions, in addition to maintaining reasonable monthly or quarterly distributions on the trust units. The ability to acquire assets and finance them with new equity, combined with a tax-efficient structure, leads to a financial vehicle that is radically different from its U.S. counterpart.

Apart from the ability to grow and replace reserves, there are other noteworthy structural differences between Canadian energy trusts and their U.S. counterparts. The most significant difference relates to the substantial component of U.S. royalty trust assets that are actually overriding royalty interests, as opposed to the vast majority of Canadian energy trust assets, which are operated and non-operated working interests. In this sense, Canadian energy trusts are more similar to conventional oil and gas production companies (with no higher-risk exploration activities) than U.S. royalty trusts, which in many instances can be more accurately characterized as financially structured derivative instruments to oil and gas assets.

Canadian energy trusts appear to offer a somewhat higher yield than their U.S. counterparts, which may, at least in part, reflect the overriding royalty nature of the U.S. royalty trusts' cash flows (and, therefore, lower operating leverage and capital requirements). The U.S. royalty trusts typically have no debt, reflecting the blow-down character of their assets and operations and the absence of acquisition activity. Meanwhile, Canadian energy trusts do carry some debt, reflecting previous acquisition activity and development capital, which are typically funded, in whole or in part, with debt.

Some U.S. Oil, Natural Gas and Coal Royalty Trusts include;
BP Prudhoe Bay Royalty Trust (BPT)
Cross Timbers Royalty Trust (CRT)
Dominion Resources Black Warrior Trust (DOM)
Eastern American Natural Gas Trust NGT
Hugoton Royalty Trust (HGT)
LL&E Royalty Trust (LRT)
Marine Petroleum Trust (MARPS)
Permian Basin Royalty Trust (PBT)
Sabine Royalty Trust (SBR)
San Juan Basin Royalty Trust (SJT)
Santa Fe Energy Trust (SFF)
Torch Energy Royalty Trust (TRU)
Williams Coal Seam Gas Royalty Trust (WTU)
Most Canadian royalty trusts are listed only on the Toronto stock exchange. However, the following trusts are traded on either the New York or American Stock Exchanges.
Enerplus Resources Fund (ERF)
Pengrowth Energy Trust (PGH)
Petrofund Energy Trust (PTF)
PrimeWest Energy Trust (PWI)
Provident Energy Trust (PVX)
Tax Considerations
For U.S. investors, the tax treatment of a Canadian royalty trust's dividends depends on whether the trust is registered in the U.S. as a foreign partnership or as a corporation. The differences are far too complicated to detail here. The Canadian government applies a 15% non-resident withholding tax on distributions to U.S. investors. However, U.S. citizens can apply for a refund for at least a portion of the amount withheld.

Some Royalty Trusts may also pay Section 29 Tax Credits if they are producing Fuel from Non-conventional Sources (FNS) such as coal seam gas (coal bed methane or CBM) and other fuels such as biomass methane from waste landfills or livestock manure. Tax credits may be used to reduce income tax from other sources of income (i.e. active, passive, earned, unearned, dividends, interest, rents, IRA and pension withdrawals. You should obtain specific income tax advice from a qualified tax professional before considering any investment.

Unit holder Liability
Canadian trusts are not corporations, and in theory at least, unit holders have unlimited liability for the actions of the trust. In practice, however, most experts consider it unlikely that individual unit holders will ever be held liable for the trusts actions. However we are not experts on the subject, and recommend you contact a trust directly regarding unit holder liability before investing.

Other Issues
Much of the attractiveness of investing in Canadian royalty trusts hinges on the trust's tax-free status. This status hinges on each trust's ability to qualify for Canadian mutual fund status. The status requirements are somewhat vague, but Canadian mutual funds are intended as investment vehicles for Canadian citizens. Some individuals within the Canadian royalty trust community have expressed concern that increasing participation by U.S. investors may cause the Canadian government to either restrict foreign (U.S.) ownership or otherwise change the rules. To avoid bringing that problem to the forefront, most trusts are attempting to limit foreign ownership to 49%, but there is no guarantee that staying below that limit will insure a trust's mutual fund status.
Mobile centrifuge
Mobile centrifuge, is used to separate the solids from volumes of liquid that contain solid particles. This may be a process stream or a waste product from a process.

This separation effect occurs in just the same way as it would in a settling tank but in the case of the centrifuge the tank is in the form of a stainless steel bowl that is spun at high speed. This increases gravity from a factor of one as in nature, up to three thousand in some cases. The settled solids accumulate at the bowl wall and are then discharged by means of a helicoidally shaped screw known as a scroll, which pushes the solids from the cylindrical section of the bowl, up through the conical section and towards the discharge ports. The liquid phase, known as the centrate, finds its way back down the centrifuge bowl where it flows out over a “weir plate”, as it would in a lagoon, and falling by gravity down the discharge pipe.

The process of separating the liquid from the solid matter is sometimes called dewatering. In waste streams centrifuges are used to minimise the amount of liquid that is being hauled away, and produce solids suitable for disposal to landfill sites, land spreading or even incineration. In certain processes chemical flocculants may be added to aid the process of separation.


Replaceable liners at points in contact with solids for easy servicing on site.
Unique dual angle conical section which increases scroll life.
Low weight rotating assembly due to use of Duplex Steel and its high tensile strength
Low power consumption
Automatic, hydraulic scroll drive system so no gearbox required, this has a high torque capability and is also independent of the main drive. This means any residual solids in the bowl are discharged before the bowl is started.
Quality assured manufacture
Patented polyurethane scroll (CQ3000)
Options for tiled wear protection
Polymer concrete base-frame now increasingly available for some models which offers greatly reduced noise levels, high stability and is totally resistant to corrosion.

Typical Applications

Sewage sludge dewatering
Tannery effluent dewatering
Dewatering of various paper mill sludges
Materials recovery, for example starch
Clarification of vegetable processing liquors
Pectin recovery
Various applications in petrochemicals
- Drilling mud

- Slop oil
- Cuttings cleanings
- Barite recovery
- Water treatment sludges
A Typical Centrifuge Installation
A skid mounted centrifuge system
Automated operation
Low maintenance
Low cost of ownership
Easily modulated for mobility
User friendly

James Monroe Capital Enters Into a Joint Venture With Strat Petroleum

KILLEEN, Texas, May 15, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), announces that James Monroe Capital has signed a letter of intent to form a joint venture with Strat Petroleum for the processing of sludge in the province of Bashkorstan, Russia.
The terms of this joint venture require James Monroe Capital to provide initial capital funding of up to $1 million, in addition to support based on management expertise in order to capitalize on Strat Petroleum's ability to access several large reservoirs with massive amounts of oil waste/sludge.
Frank Love states, "The amount of sludge that Strat Petroleum has the opportunity to secure is absolutely astounding. This will bring immediate revenue to our company with which to start our buyback of shares and to place in our royalty trust.
"Bashkorstan refines approximately 10% of all of Russia's oil. The refineries then dispose of the 'waste' into these pits. This waste may contain anywhere from 10% to over 80% hydrocarbons due to the age of Russian refineries resulting in inefficient processing. Here lies our business model. We will be extracting the oil from this sludge, utilizing the mobile centrifuge plants and then selling it into the market.
"We will also be doing Russia and the world a valuable service in that we are cleaning up the environment. I look forward to working with the management team of Strat Petroleum."
Sam Hyams, the CEO of Strat Petroleum states, "I am delighted to have the knowledge and contact network in the oil industry Frank Love and his management team have supporting us. Jointly we can attack this business, growing it into a substantial operation."
Frank Love further states, "Please do not call Strat Petroleum's office or James Monroe Capital's office since we have a lot of work that needs to be done in the next few weeks. I will update shareholders via my timely press releases."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C15...

Strat Petroleum Reaches Agreement with James Monroe Capital

TORONTO, May 15, 2007 (Canada NewsWire via COMTEX) -- Strat Petroleum, Ltd. (OTC:SPRL), an emerging exploration and development company focusing on oil and gas opportunities in the Russian Federation, today announced that it has signed a letter of intent to form a joint venture with James Monroe Capital for the processing of waste/sludge oil in Bashkorstan.
The terms to complete the joint venture include initial capital funding by James Monroe of up to $1 million, with further funding available upon successful completion of between 2-3 processing plants.
Management's recent trip to the Russian Federation included meetings with local authorities and oil refineries, and visits to a number of new sites for establishment of processing plants. These new reservoirs have greater hydrocarbon content creating the opportunity for much stronger revenues and profits.
Sam Hyams, President & CEO of Strat, stated, "I am excited by this new relationship with James Monroe, as the possibilities for funding opportunities presented in oil waste/sludge reservoirs and support available from the James Monroe team's knowledge, experience and network in the oil and gas industry will be very beneficial to both Companies."
Currently Strat is working on securing licenses for processing oil waste that will allow it to secure 100% of the rights to process the reserves in the reservoir, thus not requiring local joint venture partners.
Strat is pursuing a couple of other projects which will be announced in the near future along with further information on progress regarding oil waste processing.
About Strat Petroleum:
Strat Petroleum is an emerging exploration and development company focusing on investment in oil and gas properties and other related projects in the Russian Federation. For more information, please visit the company website at www.stratpetroleum.com. The company's phone numbers are: 905-761-9169 (main), 416-628-8018 (fax) and 646-216-9751 (U.S.).
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Ccn%5C2007%5C05%5C15...
JMCPer's-A Must Read:

Posted by: greenbullz
In reply to: None Date:5/15/2007 9:19:20 PM
Post #of 9785

http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379


in this interview with frank love, he explains his focus in the oil business. 1. Oil sludge- which turned out to be a joint venture with Sprl.
Another focus is 150 wells in PA "the Quaker State" which I believe will be a joint venture with EOR Petroleum which Sam is CFO. listen to this interview and then read this portion from the EOR website. not hard to put the pieces together. Now what will the link between SPRL and EOR be?


from EOR website.
The company intends to initially secure options for wells on a number of properties in Venango County, PA, and then expand to other regions of the US based on the amount of funding available, cash flows generated, and value of the leases. Research indicates that secondary oil has never been recovered in the Venango Sandstone Formation. The longer term strategy is to reinvest the majority of cash flows generated to acquire as many wells as would be feasible to manage, and enter into optional agreements with owners of wells abroad to apply our solution.

Estimates have the proven secondary oil reserves at approximately 330 million barrels (1 Million Barrels = 1 MMbls) of oil in the Appalachian Basin Reservoir, based on a report by the US Department of Energy, with OOIP (Original Oil in Place) remaining reserves exceeding 60 billion barrels. The first two options the JV is securing have OOIP estimates in excess of 40 MMbls, based upon surveys performed by Quaker State on the immediately adjacent properties during the mid-1970s.

EORP has set a strike target of treating up to 20 new wells per month by each two-person crew. Thus based on available funding and cash flows, all 154 wells could be treated by two crews within 4 months. Further expansion of wells will be dependant on our local management’s ability to recruit qualified staff. This limiting factor is a given with the current level of activity in the oil industry. Our local management, however, is confident they can recruit workers who have left the industry once commitment is in place with funding and a program to rebuild wells on an ongoing basis.
http ://www .eorpetroleum. com/71/index.html


New York, May 15, 2007
AheadoftheBulls.com: Future Bulls GPSN, EFGO, JMCP
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C15...

May 15, 2007
Stockwire.com: Speak with other shareholders about: (OTC BB: GPSN), (Pink Sheets: EFGO), (Pink Sheets: JMCP)
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C15...

JMCP: IMPORTANT INFO PLEASE READ, A LOT OF DD ON JMCP:


This post will consist of all press releases that have been issued from right prior to Mr. Frank Love coming on board and taking over JMCP. I will also add many other links to support each of my opinions, those who I believe to be involved, and any other info that may help someone that is trying to do some Due Diligence on James Monroe Capital.

AMERITRADE SITUATION:
JMCP is aware of the Ameritrade restriction. This took place because of old management not updating records Ameritrade requires to lift restriction. We will soon step through the motions with Ameritrade to allow trading but it could be awhile before we accomplish this. Many things inside the company are changing rapidly at this time so at some point in time Ameritrade will have necessary information they need. I can not promise shareholders when this problem will be rectified.


Interview with CEO Frank Love via Wallstreet.net
http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379

JMCP Articles of Incorporation
http://www.sunbiz.org/COR/2007/0404/00507570.tif

OBION RESOURCES & EXPLORATION, INC
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=bAHN6hbajdWpW%252fvmSkDxzw%253d%253d





OBION HOLDINGS, INC.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=pkA3U6oJfgDDtuD4O55bMg%253d%253d

THE OBION GROUP INC.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=ESed12IAcCHkMbtzcHAh9A%253d%253d

OBION Website
http://www.obiongroup.com/index.htm

JMCP Investor Relations
http://chinookinvestmentgroup.com/Home_Page.html

History of Oil
http://www.priweb.org/ed/pgws/history/spindletop/spindletop.html



James Monroe Capital Appointing New President and CEO

CHICAGO, Feb 19, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets: JMCP) has announced that it is in the process of appointing a new company president and CEO, Frank Love.
All current officers and independent contractors of James Monroe Capital will remain involved with the company. Mr. Love is excited about the projects that James Monroe Capital presently has, and has been in talks with numerous other parties about possible new business to bring to the shareholders.
Principal shareholder Taylor Moffitt said, "After talking with several top notch candidates, Chris McGovern and I feel that Frank Love is in the best possible position to represent our interests as shareholders, and bring value to the table. He has enthusiasm, energy, and has been in talks regarding a handful of deals that Chris and I are very excited about. He agrees with our position of 'no reverse stock splits' and cares about both his reputation and the long-term interests of his shareholders.
CEO Chris McGovern commented, "This is an amazing opportunity to see James Monroe Capital moving forward into a bright future. I believe that Frank Love has the integrity and the determination see growth come to fruition. He is committed to the interests of all long-term shareholders and believes in our vision of the company's future."
SOURCE: James Monroe Capital Corporation
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C02%5C19...

FRANK LOVES INFO:

Frank's Army Military background:

#1 8 years Mission Ready Force One (MRF-1)

#2 Military Actions:

Desert Storm

1yr. Haiti
1 yr. Nato Bosnia

1yr. United Nations Bosnia
1yr. Kosavo

2 Tours in Korea

Frank has been awarded 7 rows of commendations totaling 41
commendations

Currently Retired Medical



James Monroe Capital in Talks Regarding Oil Deal

CHICAGO, Feb 28, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) is in talks to enter into a joint venture to acquire three licensed oil fields in a foreign country, over 100,000 acres with 11 wells. The fields have been proven to contain reserves of 2 million tons of crude oil. That is 11 million barrels of C1 and 37 million barrels of C2.
The market value of leasing the oil fields is significantly higher than the acquisition cost, and represents the type of deal James Monroe Capital seeks.
Principal shareholder Taylor Moffitt said, "This deal could help to diversify us as shareholders, and could provide something we need: Earnings. That's why we like this. There are a lot of things we could do with only a fraction of the income from that much oil. If Frank Love can close this deal and provide that much value to the company, then we're lucky to have him, and I hope he'll consider doing another deal of this type with us. If Love nails this deal, then his candidacy for the leadership of our company will move from 'in process' to 'done.'"
No timeframe estimates or prices are being provided to the public at this time. All emails requesting additional information will be deleted. All past efforts have been "shelved" to focus on this deal, which the company has deemed as "more profitable." A combination of debt and equity may be used to fund the deal, through foreign loans and private placements at market value. No reverse stock splits will be considered.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C01...

No reverse stock splits will be considered.

I believe this had to be agreed upon between Taylor and Chris with Frank Love in order for him to take over JMCP


James Monroe Capital Closing-in on Oil Deal

CHICAGO, Mar 02, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) has moved from talks to contract negotiations regarding an oil deal which involves over 100,000 acres of land and 11 wells. The deal would be a joint venture, with funds being raised by private placement, and the company will be borrowing against its assets, namely real estate and stock, and will pay off the debt over a period of years. After the debt is paid off, and the company is cash-flowing strongly, most shareholders seem to feel that the ONYI stock should be passed through as another dividend. Present management feels that this is a good idea, but will have to evaluate the situation in the future.
Frank Love has been negotiating the deal, which represents the type of transaction the company eagerly solicits. Love has a lot riding on the deal, if he succeeds in making the company money, the reigns of JMCP will be handed over to him. Love, unlike Moffitt & McGovern, is a fan of the buyback, and has expressed interest in a buyback after the company is making money.
Chris McGovern commented, "We want people to know what we are doing. There's a fine line between keeping people in the dark and appearing to pump our company. We're trying to objectively educate the public as to what we are working on, so that investors can make their own decisions. This oil position could hedge many of us as shareholders who are participating heavily in biofuels already. I like green power, but a profitable deal is a profitable deal. If Frank nails this one, it will be good for us, big time. We don't want anyone to expect it to put a million dollars into their account, but we view it as our little lotto ticket. We might not get it, but if we don't get the deal, at least our stock didn't go down and we can try again. No reverse stock splits will be considered."
The company is experiencing email problems, and hopes to have email again next week. All previous projects have been "shelved" to focus on this project, which has more potential value.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C03...

James Monroe Capital Shareholders Vote for Conditional Buyback

CHICAGO, Mar 13, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) announces that a shareholder majority has voted and signed an agreement approving a stock buyback, subject to the company closing a pending joint venture oil deal for income.
The signed agreement also has provisions that prohibit management from doing a reverse stock split for 2 years, and states that part of the income from the oil venture has to be used to buy back its own securities, in the market, in accordance with the state and federal securities rules and regulations governing such buybacks.
The company is now working to get the joint venture agreement signed, and then to close on the oil deal itself, which requires private funding, and some financing.
The company wishes to emphasize that it aims only to please its long-term partners. The company growth strategy involves long-term growth. James Monroe Capital is a company which seeks-out unusual bargains. The company website is at www.jamesmonroecapital.com
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C03%5C13...

James Monroe Capital Appoints Frank Love as President

KILLEEN, Texas, Apr 02, 2007 (BUSINESS WIRE) -- Taylor Moffitt and Chris McGovern are pleased to announce that they have appointed Frank Love to the position of President of James Monroe Capital effective immediately.
Taylor Moffitt is excited about the deals that Frank Love has brought to James Monroe Capital. Taylor has stated, "I have reviewed numerous candidates but Frank had ideas that, if they could be brought to fruition, would enable James Monroe Capital to have earnings. This would enable James Monroe Capital to buy-back its stock and make us trade at a level that is reflective of our assets and our team."
Chris McGovern states, "this is an exciting time for James Monroe Capital shareholders."
Frank Love from here on will write all the press releases and will update shareholders periodically.
SOURCE: James Monroe Capital
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C02...

Frank Love Announces His Intentions for James Monroe Capital

KILLEEN, Texas, Apr 13, 2007 (BUSINESS WIRE) -- Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), issued the following statement on his intentions for the direction of the company.
Love stated, "When I took over this company, it had restricted shares in Originally New York and some marginal equity properties. The share price had a bid of "unpriced" and an ask of $0.0001. This meant that an investor could buy the stock but it would prove to be difficult to sell it.
I have come up with the following strategy that I will follow.
1) No reverse-splits. In my experience, when reverse-splits occur, the share price usually falls to the level that the original reverse-split started from. Shareholders usually never benefit from this. I will not reverse-split this company since I do not believe it will benefit the shareholders whose interests I hold paramount.
2) Buy-back. We have billions and billions of shares outstanding. We will remain on the Pink sheets and will never get institutional interest if this continues. I intend to buy-back as many shares as I can at $0.0001 with the revenues generated from our oil deals. In addition, I will only enter into deals where there is cash flow that will allow me to do this. This will allow our share price to increase so that we won't be a sub-penny as well as to provide a bid price with which investors will have an exit strategy. Our share price should eventually reflect the assets that we have placed inside of it.
3) Exchanges. Once the buy-back has been completed and our outstanding share-structure has been drastically reduced, I intend for us to move to either the AMEX or Nasdaq. In addition, I would like a dual listing on the AIM or Frankfurt.
Please be patient with both our new management team and myself as we execute this strategy."
SOURCE: James Monroe Capital
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C13...

James Monroe Capital Corp. (JMCP) Announces Its Chief Financial Officer

KILLEEN, Texas, Apr 16, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love, stated, "Now that we are a 100% bona fide Oil Company with several large Oil deals signed and sealed, it's time to announce who our Chief Financial Officer is."
Mr. Anthony (Tony) Gouveia CFO:
Mr. Gouveia is a CFO or Director of a number of companies in various industries. His expertise is focused on acquisition of capital, sale and acquisition of companies, IPO process and formulating effective business strategies to maximize return to shareholders and investors. Mr. Gouveia was the Vice President of Finance and Corporate Controller for the Unilab Corporation (Unilab). Mr. Gouveia was involved in the following regarding his tenure at Unilab: (1) taking the company public raising $125 million; (2) subsequent to the IPO, the company sold 9.2 million shares in a secondary offering; and (3) the company was sold for approximately $900 million. The market cap of Unilab, when Mr. Gouveia joined the company, was under $200 million. Unilab's IPO was considered one of the most successful IPO's as reported by The Wall Street Journal. Unilab had the highest profit margins in the industry. Prior to Unilab, Mr. Gouveia was the CFO for Winston Tire Company (Winston). In two years, Mr. Gouveia improved annual cash flow by $2 million increasing the value of the company by $20 million, acquired 3 companies and integrated their operations and developed a long-term plan to reverse 10 years of losses prior to Mr. Gouveia joining the company, which was on target during his tenure at Winston. Mr. Gouveia spent several years as an auditor for large international accounting firms.
Mr. Gouveia's approach will be to assist Mr. Love to invest our financial resources in a disciplined manner to provide the best possible return to investors/shareholders. This means focusing on the right businesses/products. Mr. Gouveia stated, "As CFO, I will assist Mr. Love in evaluating our businesses/products to ensure that they meet our standards for financial performance, growth and return on investment."
Love further stated, "This caliber of Chief Financial Officer, directly reflects the direction in which James Monroe Capital Corp. is headed."
SOURCE: James Monroe Capital Corp.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C16...

James Monroe Capital Corp. Enters Agreement to Purchase Building Housing Killeen Headquarters

KILLEEN, Texas, Apr 17, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) announces it has entered into an agreement to purchase the building housing its headquarters located at the following address:

James Monroe Capital Corp.
314 E. Ave. B
Killeen, TX 76543

Frank Love, President of James Monroe Capital Corp., stated, "Purchasing the building that houses our oil company just makes perfect sense. The amount of oil we are going after cannot all be refined in my lifetime nor yours. Establishing a permanent headquarters for the next generation of James Monroe Capital Corp. leaders is a prudent move on our part now, as we pave the way of the future. With capitalism emerging worldwide in countries like China, Russia, and India, their dependence on oil will rapidly increase through the years. James Monroe Capital Corp. will be there to meet that increase."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C17...

James Monroe Capital Corp. Appoints Directors to Have a Complete Management Team

KILLEEN, Texas, Apr 19, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP):
James Monroe Capital Corp. President Frank Love, states, "We have appointed Directors to form our management team. Heading up this management team is Chief Financial Officer Anthony (Tony) Gouveia, followed by Secretary-Treasurer Alex Desousa and Chief Operations Officer Kamran Khan."
Kamran Khan is a well-known businessman and athlete in the USA and around the world. In 1971 Kamran Khan came to the U.S. to continue his higher education. In 1972 he earned his Masters Degree in International Relations from Villanova University, and immediately was offered a position in International Banking at Fidelity International Bank, where he worked for several years before starting his own businesses. In recognition of his outstanding abilities for building and running successful businesses, he was elected the President of Bryn Mawr Business Association.
Besides his tremendous success as a businessman, Kamran Khan has a remarkable history as an athlete. He has the distinct honor of representing the United States National Cricket Team for 20 years as Captain and Co-Captain. His personal cricket achievements account to over 100 trophies, including All-World honors, Man of the Match, Best Bat, Best Bowling, 4 ICC trophies, and a Hall of Fame in 2000.
He was the President of the United States Cricket Association for two years. As a president of the USA Cricket Association, Mr. Khan developed, coordinated and promoted a wide spectrum of activities and projects for the betterment of cricket in America.
In 1972 Kamran Khan became the Head Cricket Coach at Haverford College, where cricket has been played for over 150 years, and continues to coach cricket at this premier institution for 35 years, maintaining the college's historic tradition in the sport.
Mr. Desousa has 12 years of Accounting, Auditing and Finance and 7 years of Database Management consulting, Credit and Risk Management, Financial Analyst, Business Analysis and Project Management. Most of the consulting work has been for well-known companies such as Verdi-Rock Real Estate Development, Rogers and AT&T, Manulife Insurance (Hancock), Direct Energy (Energy America in Georgia and Power Republic in Texas) Hewlett Packard, Canadian Imperial Bank of Commerce, TD Securities (TD Waterhouse), RBC for offshore investments (Bahamas, Cayman, Barbados, Miami and Singapore) and AutoDesk Software Development.
Mr. Desousa has a well-diversified experience in several industries from his accounting and auditing in the early nineties to his present position as business analyst and project manager.
Mr. Desousa has great knowledge of experience in the area of property management, real estate development, energy, mutual fund management, logistics, insurance and banking, software development and software consulting.

Alexander Desousa
25 Oscar Romero Place
Toronto, Ontario
M6N 5A5
finanz_alex@yahoo.com

Objective:
To obtain a position as a Financial Analyst or Business Analyst
applying my diversified skills and knowledge in Finance, Scorecard, Statistics and Database management to the benefit of the Organization.

PROFILE:
Experience in Developing decision support tools and problem solving with strong process analysis and negotiation skills in business. Results-oriented analytical and committed to the bottom line results. Languages: Fluent in French and Spanish (Conversation and Writing) also basic knowledge of Portuguese, Italian and German Key Accomplishment Developed a Data base that keeps track of credit card collected per customer service agent – Rogers Implemented, designed, data migrated and tested of new multi-user Accounting system NewStar- Verdiroc
Developed a Centralized budget system in excel to reduce data input and repetition. – Verdiroc Designed a multi-level troubleshooting process for Internet customer
technical support Serso.com Developed customized routines for report generation and trained end- users - Fixture Exchange
Handled the successful automation of an invoicing system – Telebooks Developed a system to track bank account balances and changes in daily cash positions - PhoneWorks
Set up monthly accounting policies and practices for three client
Companies - Sport-Mate Services Technical Skills

Operating Systems
Windows NT/98/95/3.1, DOS 6.x Unix (Solaris) and Linux 6.1
Database MS Access, Oracle SQL, dBASE IV, FoxPro.

Applications
Accounting
ccPac G/L, Minicom , NewStar, Simply Accounting, AccPac, Business Vision

Business Intelligence Tools
Crystal Report, COGNOS, Web-Focus (MRE)
ERP, Microsoft and Internet applications
Visual Basic 6, ASP,MS Project, Excel (Macros, Pivot), Power
Point, ,Visio, ,Lotus Notes, ,HTML, SAP Admin and Financial

Experience
Hewlett Packard (Contract) May 03 - Present
Business Report Analyst - Operation ad Sales Department.
* In Charge of extraction of data from different sources in
different formats and converting it in to useful information using SQL Access and Excel pivot tables.
* In Charge of extraction of data and reports from SAP R/3 and
Oracle by using Obdc connectivity and converting this reports in to useful information tools for the user
* Designed and Developed Ms Access databases using Microsoft Access database
* Reviewed Processes to recommend and implement enhancement to the HP and Compaq integration transition.
* Reviewed processes and implement applications solutions to reduce the Information retrieval time.

Direct Energy Canada (Energy America) (Contract ) June 01 - Feb 03 Business Analyst - Operation and Collection Department
¨ Extraction of data from different sources in different formats
with use of Ftp and converting it in to useful information using Sql Access to upload in to the Dialer and other data bases.
* Designing and Developing Ms Access databases using access and Visual Basic 6.
* Generating reports with the use of Crystal Report.
* Reviewing Processes to recommend and implement enhancement to increase productivity by using flow charts and productions models in Visio and PowerPoint.
* Analyzing data, using trends and comparison in Excel and Access * Developing Excel Worksheet and templates with advanced features like macros and function.
* Reviewing Processes and implement applications solutions by using Access or SQL to speed up the
Information retrieval time.
* Monitor and insure that the budget is within the department
standards and objectives.

Manulife Canada March 01 - June 01 (Contract)
Financial Business Analyst Finance and Information Services
Department * Producing and Developing Statistical Reports to Monitor the performance of several E- commerce Projects and Network Projects and all the business division of Manulife.
* Developing methods measure business trend and measure
productivity.
* Reviewing processes and methodologies to recommend and implement enhancement to increase efficiency by the automation and streamlining business functions and activities with the use flow charts and financial models in excel.
* Conducted monthly audit on the status IT pending issues like
systems outages, assuring immediate response time and the problems were escalated to appropriate levels .

Rogers and AT&T Communication March 00 - March 01
Business Analyst Process and Planning Department
¨ Producing and redesigning Statistical Reports to support the
business operational need.
¨ Developing methods of measuring productivity with use excel
advanced functions.
¨ Recommending solutions to tighten credits checking, and reduce days outstanding on A/R.
¨ Reviewing Processes to recommend and implement enhancement to increase productivity by using flow charts and financial-productions models in excel.
¨ Reviewing Processes and implement applications solutions by using Access or SQL to speed up the
Information retrieval time.
¨ Extraction of data from different sources, in different formats
and converting it into meaningful information in access or excel
format.
¨ Monitor and insure that the budget is within the department
standards and objectives.
¨ Generating databases reports, queries, creating tables.
¨ Analyzing data, using trends and comparison in Excel and Access
¨ The creation of flow charts for report and data flow.

Verdiroc Holdings (Real Estate Development Company) May 99 Feb 2000 Budget Analyst and Accounting System Implementator (Contract)
¨ Producing management and budget report in various construction projects On a monthly basis for proper Financing to keep adequate cash flow.
¨ Monitored of variance on budget versus actual.
¨ Assisting in the implementation data migration and testing of new Network and multi user Accounting system called NewStar which is written in Progress, a database like Oracle Financial.
¨ Analyzed the Business need to design and create the new G/L and Job cost Reports.
¨ Learned the newstar system and taught the accounting department on how the use the software.
¨ Transferred Information to access database from accounting system using data transfer tools.

Nelbar Financial Investment Banking & Essex Capital Management Jul 1998 Apr 99
Accountant (Mutual Accountant)
¨ Developed a computerized accounting system from setup of the G/L to the creation of detailed and summarized Certified Investment Certificate client reports (Nelbar Financial)
¨ Assisted the C.F.O Essex Capital Management, the sister company, covering in his absence (the CFO); handled accounting operations, daily and weekly cash flow, bank and trading reconciliation.
¨ Journal Adjustments of stocks Re-evaluations (Gains and Losses) and Foreign Exchange.
¨ Month End Journal accruals, and other month end Jr entries to
prepare the financial reports .
¨ Monthly Financial Report for the Investment Dealer Association
reporting (MFR)

John Davies C.A. Firm. Mar 1995 July 1998
Accountant/Systems Administrator and Collections (Contract )
Sport Marketing Strategies, The Toronto Brigantines, Telebooks and Legal Index Inc.
* Performed accounting duties related to the preparation of
Financial Statement * Maintained and trouble shooted the computerized system.
* Participated in the installation and integration of a multi-user
accounting system and set up the billing module and G/L system using Business Vision.
* Analyzed the business & set up the G/L and the chart of accounts and tested transactions.
* Prepared working papers and lead sheets for auditors for financial statements
* Audited, tested and set up internal controls

Stilc, Unicorn Properties, Suncor and Airluso International July
1993 Feb 1995 Financial Accountant
* Developed a database using FoxPro to handle payroll for 50
employees * Maintained and updated construction cost reports on Unicorn properties.
* Produced financial statement and a special report for the Travel Industry Commission
* Conducted Inter Company Reconciliation for the four companies.
* Assisted auditors with working papers and lead sheets for year end statements

PhoneWorks and Teleclassified Ltd. Feb 1991 - June 1993
Sub-Controller/Cash Manager
* Designed and implemented a computerized system to track 14 inter- city bank account balances and monitor the daily cash positions to ensure proper cash flow
* Controlled the cash management of 14 bank accounts in several cities in Canada and the US to meet the weekly cash requirement to cover fixed costs for four branches
* Monitored and investigated causes of variance analysis on budget versus actual.
* Conducted Inter Company Reconciliation
* Handled all accounting functions to creation of Financial
Statements


EDUCATION
CFA Candidate Level I (In Progress)
Canadian Securities Course - IDA (In Progress)
Economic Analysis Certificate - Ryerson University 2001
Computer Programming and
Systems Analysis Diploma - Toronto School of Business 1997
Accounting Diploma - Seneca College 1996
Business Administration Certificate - Seneca College 1991


OTHER STUDIES
E-Commerce Certificate - NTG Istitution 2003
Oracle Administration Certificate - NTG Institution 2002
Visual Basic Certificate - SouthSoft Software Training Institute 2001 Unix Solaris 10 Wks Certificate of Completion -
Xincon Computer school 1999

Professional Membership:
Member of the Institute of Internal Auditors (IIA).

Volunteer work
Chairman of the Finance committee for La-Paz Co-op mainly in charge of the approval and presentation of the annual budget, work in relation with the auditors and provide recommendations on cost and internal controls.

http://alexanderdesousa1.tripod.com/id3.html
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C19...


Kamran Khan
Head Coach, Cricket
Haverford College
370 Lancaster Avenue
Haverford, PA 19041
610-896-1117
kkhan@haverford.edu


Kamran Khan has been instructing cricket at Haverford for over a
quarter of a century, maintaining the college's historic tradition
in the sport.

Since he became coach in 1974, Khan has helped the Fords' cricket fortunes flourish, with several successful tours, most noteable among them trips to England and Scotland in 1990 and an undefeated tour of England in 1996. He meanwhile represented the United States in international competitions until 1994, earning All-World honors in 1976 and captaining the U.S. from 1980-92.

As a president of the USA Cricket Association in 2000-01, Khan
developed, coordinated and promoted a wide spectrum of activities and projects for the betterment of cricket in America. He organized and conducted the U.S. teams tour to England in August 2001, as well fund raising and resource allocation for the International Cricket Council competition in Toronto that year

Kamran Rashid Khan began to play cricket in Pakistan when he was 4 years old. Since then cricket has become such an essential part of his life that he could not imagine himself apart from cricket. Anywhere he went or lived in the world, cricket was always with him. He represented Government College Lahore, Punjab (as captain) and Pakistan Universities. In 1969-70, he was awarded Pakistan's highest university sports award -- University Blue. Khan came to U.S. in 1971 to earn a Masters degree from Villanova (Pa.) University, and first learned of Haverford cricket while passing by the College. He
was soon urged to become the teams coach.

Besides his devotion to cricket, Kamran Khan has successfully
developed and managed several personal businesses. He has been on the board of directors of the Bryn Mawr Business Association for many years and presently operates Galina Oriental Rug Gallery in Blue Bell, Pa.
James Monroe Capital Creates a Subsidiary

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P07000041205&inq_came_...


KILLEEN, Texas, Apr 24, 2007 (BUSINESS WIRE) -- Frank Love, President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce the formation of a wholly owned subsidiary named "JMCP Acquisition Inc."!
Frank Love states, "We needed to create this subsidiary to place some assets in. The subsidiary was formed in the State of Florida. We needed the assets so that we could get favorable terms on our financing. The financing was used for our oil deals.
"Details of the asset placed inside of JMCP Acquisition Inc. will be announced shortly. I appreciate your enthusiasm and all will be revealed!"
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C24...

JMCP Acquisition Inc. in Last Stage of Gold Company Acquisition

KILLEEN, Texas, Apr 26, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital Corp. (PINK SHEETS:JMCP), is pleased to announce that he is finalizing an agreement with which to acquire a Ghanaian-based Company with rights in a concession located along the prolific Ashanti Belt.
The Ashanti Belt has an overwhelming history as a region rich in precious metals and minerals. In addition, it hosts some of the largest mines in the world. Many of the producing mines along the belt run in a NE trending line with other producing mines. This infers a high expectancy of mineral rich soils that contains gold specifically in mines and concessions that lay along the trend.
The concession is currently the subject of a 43-101 compliance review to verify its positive results to date, and its current operations are headed by a world class and highly respected local geologist.
Frank Love states, "I am excited for JMCP Acquisition Inc. (a James Monroe Capital Corp. Wholly Owned Subsidiary) to acquire this company with its amazing potential."
Our new Investor Relations is Chinook Investor Relations Group LLC, http://www.chinookinvestmentgroup.com/. For more information contact Harold Engel at info@chinookinvestmentgroup.com.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C04%5C26...
Ashanti belt
Ashanti belt of Ghana constitutes a gold province which has produced a total of about 1500 t of gold historically. Gold mineralization is found in steep, NNE-SSW to NE-SW trending shear zones pre- dominantly transacting metasediments of the Palaeo- proterozoic Birimian Supergroup (2.2–2.1 Ga), dis- seminated in ca. 2.1 Ga granitoids, in paleo-conglom- erates of the Tarkwaian Group (< 2135 Ma), and in recent placers. The distribution of gold, its chemistry, paragenesis and mineralogical siting in the mesothermal ores of the major mines in the Ashanti belt, namely Konongo, Ashanti, Bogosu and Prestea mine, are the
subject of this study.


At the localities studied, gold is present in two main types of ores:
1. Quartz veins with free-milling gold. The gold is rela-
tively silver-rich (true fineness values from 730 to 954)
and is accompanied by a distinct suite of Cu, Pb, Sb
sulfides. 2. Sulfide ores, consisting of arsenopyrite, pyrite
and rarer pyrrhotite and marcasite, with refractory gold.
The ores have apparent fineness values larger than 910.
Arsenopyrite and locally (at Bogosu) pyrite were iden-
tified as the hosts of submicroscopic gold. Mean con-
centrations of gold in arsenopyrite in various samples
from the different mines, obtained by secondary ion
mass spectrometry (SIMS), range from 67 to 314 ppm
Au. Gold concentration mapping in individual arseno-
pyrite crystals from the different deposits revealed simi-
lar patterns of gold distribution: the grains possess a
gold-poor core, and elevated gold contents are presentalong distinct crystal growth zones towards their rims.

The outermost crystal layer is usually gold-poor. The
well-preserved distribution patterns also indicate that
remobilization of gold from the sulfides played an in-
significant role in the ores of the Ashanti belt. Multiple
quartz veining and growth zoning of the sulfides are
interpreted as manifestations of multiple episodes of
fluid infiltration, fluid flow and mineral deposition. The
bimodal occurrence of gold in spatially closely asso-
ciated quartz vein and sulfide ores indicates a genetic
link between these ore types. A model implying a grossly
coeval formation of the ores from mesothermal fluids is
proposed.IntroductionA geochemical enrichment from Clarke-values by a factor of about 1000 is required to form economic gold mineralization. However, at ore concentrations com-
monly between 1 and 10 ppm, gold is still a trace element
whose distribution and mineralogical siting in the ores is
of extreme importance for the metallurgist and the re-
searcher working on the genesis of gold deposits. In the
mesothermal gold mineralizations of the Ashanti belt of
Ghana, gold displays a bimodal distribution; being
present both as free-milling gold in quartz veins and in
the form of submicroscopic or ‘‘invisible’’ (< 0.1m)gold in refractory sulfide ores. Both ore types are spa-
tially closely related to each other, indicating a genetic
link between them.The observed relationships are not unique to the oresof Ashanti belt, but are known from many mesothermal
gold deposits, mainly of Archean age, worldwide. In
this respect, Boyle (1979) provided a compilation of
earlier literature, and more recently Cabri et al. (1989),
Cathelineau et al. (1989), Wu and Delbove (1989), Cook
and Chryssoulis (1990), and Fleet et al. (1993) reported
on advances in determining the state and location of
‘‘invisible’’ gold in sulfides.

James Monroe Capital Corp. to Form a Shareholder Royalty Trust

KILLEEN, Texas, May 01, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love states, "With recent developments concerning the enormity of the Oil deals and the creation of a subsidiary and several Joint Ventures with ongoing concerns reaching as far as Russia, we are about to embark on a path that will directly affect every current James Monroe Capital corp. investor and I want to properly identify each and everyone of them, to ensure each receives their fair portion of any and all yields from this investment. By forming a JMCP Royalty Trust in which to put JMCP shareholders of record, the Company can move forward with the confidence in knowing no one was left behind. A trust account is being set up with a major World Wide brokerage firm to encapsulate the entire James Monroe Capital Corp. shareholder base. The Date of Record for capturing the JMCP shareholder of record list is currently set for Friday, June 1st, 2007."
Love further states, "This is a very special time for James Monroe Capital Corp., it's Subsidiary JMCP Acquisitions Corp., Joint Venture Partners, and most of all its loyal shareholders. I want to make certain everything is done right; the deals we have now closed and the ones we will close in the very near future are testament to the iron clad steel resolve of James Monroe Capital Corp.!"
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C01...

Some Info on Royalty Trust
Royalty trust
From Wikipedia, the free encyclopedia

A royalty trust is a type of corporation usually involved in mining.
It is taxed according to special regulations, whereby its profits
are not taxed at the corporate level provided a certain high
percentage (e.g. 90%) of profits are distributed to share holders as dividends. The dividends are then taxed as personal income.
This system, similar to real estate investment trusts, effectively avoids the double-taxation of corporate dividends.

Royalty trusts typically own oil or natural gas wells, or the
mineral rights of wells. Corporate shares generally trade on the
public stock markets. They are a powerful investment tool for people who wish to invest directly in oil or natural gas, but who don't have the resources or risk-tolerance to buy their own well.
Additionally, since trusts often own numerous wells, they represent a convenient way for the average investor to diversify investments across a number of properties.

Royalty trusts often attract investors with their relatively high
yields. This makes the shares sensitive to interest rates, as share prices are likely to decline in periods of rising interest rates, and to rise when interest rates fall.

Royalty trusts are found in Canada and the United States. Canadian royalty trusts, called CanRoys, typically trade on the Toronto Stock Exchange, while some of the larger trusts also trade on the New York Stock Exchange. CanRoys usually offer higher yields than U.S. trusts; for non-Canadian investors, this higher yield is somewhat reduced by a foreign tax withholding that is absent in the U.S. trusts.

Royalty trusts were created by T. Boone Pickens in 1979 in response to the difficulty that Mesa Petroleum had in replenishing its oil reserves. Through royalty trusts, he was able to substantially decrease his amount of effective reserves and avoid the difficulty of replenishing them.

Investment trust
Income trust
Publicly-Traded Royalty Trusts
BP Prudhoe Bay Royalty Trust
Cross Timbers Royalty Trust
Dominion Resources Black Warrior Trust
Harvest Energy Trust
Hugoton Royalty Trust
LL&E Royalty Trust
Marine Petroleum Trust
Mesabi Trust
Mesa Royalty Trust
North European Oil Royalty Trust
Permian Basin Royalty Trust
Pengrowth Energy Trust
Provident Energy Trust
Sabine Royalty Trust
Santa Fe Energy Trust
San Juan Basin Royalty Trust
TEL Offshore Trust
Tidelands Royalty Trust B
Torch Energy Trust
Williams Coal Seam Gas Royalty Trust

The Truth on Trusts
Canadian Association of Income Funds
Taxation of Income Trusts: Was it Worth the Cost and the Turmoil? By Yves Fortin Retrieved from http://en.wikipedia.org/wiki/Royalty_trust"

James Monroe Capital Enters into Talks with Oil Company for a Possible Joint Venture

KILLEEN, Texas, May 03, 2007 (BUSINESS WIRE) -- Frank Love, the president of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that James Monroe Capital has entered into talks with an oil company that has up to $270 million dollars of unrefined crude. The value of this inventory has not been realized due to two factors.
Firstly, the oil company needed financing to obtain the processing equipment to be placed at the various sites where this inventory sits. This will be one of the terms that James Monroe Capital may have to fulfill. In addition, this may help shareholders understand the reason behind acquiring a gold asset.
Secondly, the oil company needed the technical expertise through a solution in obtaining the oil from its present state. Frank Love states, "We are based in Texas (The Big Oil Patch) and with my knowledge and that of my contacts, we have helped to obtain the solution to this Company's rather complex problem."
Details will be announced in the very near future once the deal has been finalized.
Frank Love states, "This is an extremely exciting time for James Monroe Capital, its Subsidiary and its Loyal Shareholders. We could potentially have significant revenues."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C03...

JMCP Acquisition Inc. Completes Acquisition of Gold Company

KILLEEN, Texas, May 04, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that JMCP Acquisition Inc. has purchased Wales Holding Corporation, the parent company owning, Wales Gold Mining Ltd. The merger is complete pending approval of the Florida Certificate of Merger, expected momentarily. Wales is the Ghanaian-based company referred to in the previous press release dated April 26th, 2007. Wales is an owner in the mineral rights of the 23 square kilometer WD concession along the Ashanti belt.
The Ashanti Belt hosts some of the largest mines in the world, which include the Abbosso, Tarkwa, and Iduaprim mines. These mines have produced millions of ounces of gold.
WD has a world-renowned geologist heading up operations, and frequently outsources a team of highly respected geologists. WD is currently undergoing a 43-101 compliancy through SRK to further verify its positive results.
Frank Love states, "This acquisition by James Monroe Capital brings us one step closer in realizing our goal of finalizing our joint-venture with an oil company. At this time I do not want shareholders calling the company or myself. We are extremely busy and will not reveal any inside information. I will reveal additional information through further press-releases."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C04...


WalesHolding
www.walesholding.com

James Monroe Capital Corp. Briefs Shareholders on Recent Developments

KILLEEN, Texas, May 07, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (Pink Sheets: JMCP) President, Frank Love states the following, "Concerning the recent press releases about the several hundred million dollars worth of Crude inventory and the royalty trust now being formed, I am extremely pleased with everything moving forward at a blistering pace. Obviously, James Monroe Capital Corp. is on the move. Virtually everything has fallen into place. Events that have taken place in order to put the $270 Million dollars worth of Crude inventory deal together were quite complex in nature, but our international team of professionals are making it happen in a timely manner.
"Recently, I spoke about forming a royalty trust to disburse any and all yields from our business ventures. Shareholders with a date of record of June 1, 2007 will be placed into the royalty trust on a pro-rata basis. Holding onto your positions during this time are absolutely critical due to the fact we suspect that there is a short position on our stock and some brokerage services are no longer allowing open purchase orders for this security. Obviously the company is looking into this situation and hopes to be fruitful in our endeavors so that anyone wanting to participate in the James Monroe Capital Corp. royalty trust will have the same opportunity as everyone else.
"Regarding an earlier press release where I spoke of multiple deals signed and sealed, the $270 Million dollars worth of Crude deal is the first of three very large Oil deals we are working on. The two other large Oil deals will be revealed shortly as soon as all documentation is file stamped with State, Federal and Foreign Governments.
"Nothing will stand in the way of James Monroe Capital Corp. as we capture our percentage of the very lucrative Oil and Gas market that was made available to us through my international contacts. Opportunities currently being presented to James Monroe Capital Corp. will ensure even more growth of our company in the near future. We will continue to update our progress in a timely manner and I hope to have all available information concerning all of the Oil deals out before the June 1, 2007 date of record."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C07...


JMCP: 40 Barrels an hour x 24 hours = 960 barrels a day

$60 per barrel, 960 per day x 60
(price of oil per barrel) = 57,600

57,000 x 365 days a yr = $20,805,000 a yr, that’s just one deal



May 10 2007 2:14PM ET
StockProfiler.US: Stocks On The Move!
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C07...

James Monroe Capital Corp. Explains the $270 Million Dollars Worth of Waste/Sludge Oil Deal and Royalty Trust

KILLEEN, Texas, May 10, 2007 (BUSINESS WIRE) -- James Monroe Capital Corp. (Pink Sheets:JMCP) President, Frank Love states, "The Company is in negotiations to form a strong alliance through our Joint Venture with a US company having operations in the oil and gas industry of the Russian Federation, to participate in this very lucrative market. Closing this agreement will be one heck of a first cast of the net for James Monroe Capital Corp. into the Oil & Gas market. The Company having access to oil waste that could generate several $100 Million dollars of revenue, contained in above ground pits was a second awesome cast of the net. When we were notified of the potential to acquiring rights to oil wastes sites is practically unlimited, we were absolutely floored.
The oil waste sites the JV will be pursuing initially, are ones that are mainly an oil and water mixture, where the water is spun out via a mobile centrifuge plant that can process at least 10 metric tons per hour, this equates to roughly 40-50 barrels of waste oil per hour, per centrifuge plant. Mobile centrifuge plants cost roughly $500K each and can be easily moved from location to location via 18-wheeler transports and are operated by a two-man crew. Today's oil prices in the $60 per barrel range equate to potentially substantial gains."
Frank Love explains the Royalty Trust, "The James Monroe Capital Corp. Royalty Trust will be a balanced mix of James Monroe Capital Corp. revenue producing oil properties, located throughout the world, Gas & Oil royalties like Sabine Basin Royalty (SBR), Energy Trusts such as Prime West Energy (PWI), and Pengrowth Energy Trust (PGH). This allows our royalty trust to earn revenues in the form of dividends, interest and royalties from the various operations and joint ventures we participate in whether in North America or across the globe in Russia.
"By having these NYSE Blue Chip REITs, Royalties and Trust embedded into the James Monroe Royalty Trust, with each paying dividends month after month, year after year and in some cases decades. We establish our James Monroe Capital Corp. Royalty Trust with the power of the NYSE as our foundation."
Frank Love further states, "June 1, 2007 will be another great milestone for James Monroe Capital Corp. Having any and all short positions closed from that date forward, because nobody wants to be caught short when your dealing with dividend paying NYSE; REITS, Royalties and Trust, will allow us to see an actual picture of what our stock will look like as we move into the buy back phase of our companies common shares. We will announce our monthly buy backs via a press release and only buy back shares in the open market. Our transfer agent, 1st Global Transfer Agency, will then cut a treasury certificate for the retired shares of which will be publicized as retired with certificate number. We will not reverse split our stock."
For the record Frank Love states, "I own no common shares, I have money that I made with my other business ventures. I will only take pay once this company is profitable. This is the way I do business. When I took the position as President of James Monroe Capital Corp. there were 45 Billion shares issued and basically no assets left in the company and the stock sitting at .0001. I feel James Monroe Capital Corp. is strategically positioned to carry our company and extremely loyal shareholders well into a very successful future."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C07...

Energy Royalty Trusts

Background
Energy Royalty trusts are neither stocks nor bonds, although they share some of their characteristics. Investment trusts are created to hold interests in operating assets, which produce income and cash flows that are passed through to investors. A "trust" is a legal instrument, which exists to hold assets for others. A "trust" investment that uses a trust (the legal entity) to hold ownership of an asset and pass through income to investors is called a "securitization" or an "asset-backed security".

The trust can purchase common shares, preferred shares or debt securities of an operating company. Royalty trusts purchase the right to royalties on the production and sales of a natural resource company. Royalty Trusts are attractive to investors because they promise high yields compared to traditional stocks and bonds. They are attractive to companies wishing to sell cash flow producing assets because they usually provide a much higher sale price, or proceeds, than would be possible with conventional financing. The investment characteristics of both types of trusts flow from their structure. To understand the risks and returns inherent in these investments one must go beyond their promised yield and examine their purpose and structure.

Oil, gas and coal Royalty Trusts pay monthly or quarterly dividends (royalties) based on the prices paid for their already discovered natural resources. Dividends currently range from 6% to 12% from the various Royalty Trusts available on either the New York or American Stock Exchanges. Separate operating companies are contracted to produce, market and sell the resources, so there is no exploration risk. The prospectus for these Royalty Trusts talks about 'forecasted' revenues and earnings. Oil companies also realize that 'proven reserves' have an element of guesswork, and that there might be less oil in the ground, or it may be more difficult to recover than expected. This means that the 10% "yield" is not fixed in stone. As with all investments, one must take the time and do a complete analysis.

U.S or Canadian
There are a few key differences between Canadian energy trusts and U.S. royalty trusts. U.S.-based royalty trusts (which are legally precluded from making acquisitions financed by new debt and/or equity and, therefore, cannot as readily replace depleted reserves) are essentially blow-down investment vehicles. Canadian energy trusts are very different. In fact, Canadian energy trusts have managed, during certain extended periods, to actually increase per trust unit production, discounted cash flow value and distributions, in addition to maintaining reasonable monthly or quarterly distributions on the trust units. The ability to acquire assets and finance them with new equity, combined with a tax-efficient structure, leads to a financial vehicle that is radically different from its U.S. counterpart.

Apart from the ability to grow and replace reserves, there are other noteworthy structural differences between Canadian energy trusts and their U.S. counterparts. The most significant difference relates to the substantial component of U.S. royalty trust assets that are actually overriding royalty interests, as opposed to the vast majority of Canadian energy trust assets, which are operated and non-operated working interests. In this sense, Canadian energy trusts are more similar to conventional oil and gas production companies (with no higher-risk exploration activities) than U.S. royalty trusts, which in many instances can be more accurately characterized as financially structured derivative instruments to oil and gas assets.

Canadian energy trusts appear to offer a somewhat higher yield than their U.S. counterparts, which may, at least in part, reflect the overriding royalty nature of the U.S. royalty trusts' cash flows (and, therefore, lower operating leverage and capital requirements). The U.S. royalty trusts typically have no debt, reflecting the blow-down character of their assets and operations and the absence of acquisition activity. Meanwhile, Canadian energy trusts do carry some debt, reflecting previous acquisition activity and development capital, which are typically funded, in whole or in part, with debt.

Some U.S. Oil, Natural Gas and Coal Royalty Trusts include;
BP Prudhoe Bay Royalty Trust (BPT)
Cross Timbers Royalty Trust (CRT)
Dominion Resources Black Warrior Trust (DOM)
Eastern American Natural Gas Trust NGT
Hugoton Royalty Trust (HGT)
LL&E Royalty Trust (LRT)
Marine Petroleum Trust (MARPS)
Permian Basin Royalty Trust (PBT)
Sabine Royalty Trust (SBR)
San Juan Basin Royalty Trust (SJT)
Santa Fe Energy Trust (SFF)
Torch Energy Royalty Trust (TRU)
Williams Coal Seam Gas Royalty Trust (WTU)
Most Canadian royalty trusts are listed only on the Toronto stock exchange. However, the following trusts are traded on either the New York or American Stock Exchanges.
Enerplus Resources Fund (ERF)
Pengrowth Energy Trust (PGH)
Petrofund Energy Trust (PTF)
PrimeWest Energy Trust (PWI)
Provident Energy Trust (PVX)
Tax Considerations
For U.S. investors, the tax treatment of a Canadian royalty trust's dividends depends on whether the trust is registered in the U.S. as a foreign partnership or as a corporation. The differences are far too complicated to detail here. The Canadian government applies a 15% non-resident withholding tax on distributions to U.S. investors. However, U.S. citizens can apply for a refund for at least a portion of the amount withheld.

Some Royalty Trusts may also pay Section 29 Tax Credits if they are producing Fuel from Non-conventional Sources (FNS) such as coal seam gas (coal bed methane or CBM) and other fuels such as biomass methane from waste landfills or livestock manure. Tax credits may be used to reduce income tax from other sources of income (i.e. active, passive, earned, unearned, dividends, interest, rents, IRA and pension withdrawals. You should obtain specific income tax advice from a qualified tax professional before considering any investment.

Unit holder Liability
Canadian trusts are not corporations, and in theory at least, unit holders have unlimited liability for the actions of the trust. In practice, however, most experts consider it unlikely that individual unit holders will ever be held liable for the trusts actions. However we are not experts on the subject, and recommend you contact a trust directly regarding unit holder liability before investing.

Other Issues
Much of the attractiveness of investing in Canadian royalty trusts hinges on the trust's tax-free status. This status hinges on each trust's ability to qualify for Canadian mutual fund status. The status requirements are somewhat vague, but Canadian mutual funds are intended as investment vehicles for Canadian citizens. Some individuals within the Canadian royalty trust community have expressed concern that increasing participation by U.S. investors may cause the Canadian government to either restrict foreign (U.S.) ownership or otherwise change the rules. To avoid bringing that problem to the forefront, most trusts are attempting to limit foreign ownership to 49%, but there is no guarantee that staying below that limit will insure a trust's mutual fund status.
Mobile centrifuge
Mobile centrifuge, is used to separate the solids from volumes of liquid that contain solid particles. This may be a process stream or a waste product from a process.

This separation effect occurs in just the same way as it would in a settling tank but in the case of the centrifuge the tank is in the form of a stainless steel bowl that is spun at high speed. This increases gravity from a factor of one as in nature, up to three thousand in some cases. The settled solids accumulate at the bowl wall and are then discharged by means of a helicoidally shaped screw known as a scroll, which pushes the solids from the cylindrical section of the bowl, up through the conical section and towards the discharge ports. The liquid phase, known as the centrate, finds its way back down the centrifuge bowl where it flows out over a “weir plate”, as it would in a lagoon, and falling by gravity down the discharge pipe.

The process of separating the liquid from the solid matter is sometimes called dewatering. In waste streams centrifuges are used to minimise the amount of liquid that is being hauled away, and produce solids suitable for disposal to landfill sites, land spreading or even incineration. In certain processes chemical flocculants may be added to aid the process of separation.


Replaceable liners at points in contact with solids for easy servicing on site.
Unique dual angle conical section which increases scroll life.
Low weight rotating assembly due to use of Duplex Steel and its high tensile strength
Low power consumption
Automatic, hydraulic scroll drive system so no gearbox required, this has a high torque capability and is also independent of the main drive. This means any residual solids in the bowl are discharged before the bowl is started.
Quality assured manufacture
Patented polyurethane scroll (CQ3000)
Options for tiled wear protection
Polymer concrete base-frame now increasingly available for some models which offers greatly reduced noise levels, high stability and is totally resistant to corrosion.

Typical Applications

Sewage sludge dewatering
Tannery effluent dewatering
Dewatering of various paper mill sludges
Materials recovery, for example starch
Clarification of vegetable processing liquors
Pectin recovery
Various applications in petrochemicals
- Drilling mud

- Slop oil
- Cuttings cleanings
- Barite recovery
- Water treatment sludges
A Typical Centrifuge Installation
A skid mounted centrifuge system
Automated operation
Low maintenance
Low cost of ownership
Easily modulated for mobility
User friendly

James Monroe Capital Enters Into a Joint Venture With Strat Petroleum

KILLEEN, Texas, May 15, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), announces that James Monroe Capital has signed a letter of intent to form a joint venture with Strat Petroleum for the processing of sludge in the province of Bashkorstan, Russia.
The terms of this joint venture require James Monroe Capital to provide initial capital funding of up to $1 million, in addition to support based on management expertise in order to capitalize on Strat Petroleum's ability to access several large reservoirs with massive amounts of oil waste/sludge.
Frank Love states, "The amount of sludge that Strat Petroleum has the opportunity to secure is absolutely astounding. This will bring immediate revenue to our company with which to start our buyback of shares and to place in our royalty trust.
"Bashkorstan refines approximately 10% of all of Russia's oil. The refineries then dispose of the 'waste' into these pits. This waste may contain anywhere from 10% to over 80% hydrocarbons due to the age of Russian refineries resulting in inefficient processing. Here lies our business model. We will be extracting the oil from this sludge, utilizing the mobile centrifuge plants and then selling it into the market.
"We will also be doing Russia and the world a valuable service in that we are cleaning up the environment. I look forward to working with the management team of Strat Petroleum."
Sam Hyams, the CEO of Strat Petroleum states, "I am delighted to have the knowledge and contact network in the oil industry Frank Love and his management team have supporting us. Jointly we can attack this business, growing it into a substantial operation."
Frank Love further states, "Please do not call Strat Petroleum's office or James Monroe Capital's office since we have a lot of work that needs to be done in the next few weeks. I will update shareholders via my timely press releases."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2007%5C05%5C15...

Strat Petroleum Reaches Agreement with James Monroe Capital

TORONTO, May 15, 2007 (Canada NewsWire via COMTEX) -- Strat Petroleum, Ltd. (OTC:SPRL), an emerging exploration and development company focusing on oil and gas opportunities in the Russian Federation, today announced that it has signed a letter of intent to form a joint venture with James Monroe Capital for the processing of waste/sludge oil in Bashkorstan.
The terms to complete the joint venture include initial capital funding by James Monroe of up to $1 million, with further funding available upon successful completion of between 2-3 processing plants.
Management's recent trip to the Russian Federation included meetings with local authorities and oil refineries, and visits to a number of new sites for establishment of processing plants. These new reservoirs have greater hydrocarbon content creating the opportunity for much stronger revenues and profits.
Sam Hyams, President & CEO of Strat, stated, "I am excited by this new relationship with James Monroe, as the possibilities for funding opportunities presented in oil waste/sludge reservoirs and support available from the James Monroe team's knowledge, experience and network in the oil and gas industry will be very beneficial to both Companies."
Currently Strat is working on securing licenses for processing oil waste that will allow it to secure 100% of the rights to process the reserves in the reservoir, thus not requiring local joint venture partners.
Strat is pursuing a couple of other projects which will be announced in the near future along with further information on progress regarding oil waste processing.
About Strat Petroleum:
Strat Petroleum is an emerging exploration and development company focusing on investment in oil and gas properties and other related projects in the Russian Federation. For more information, please visit the company website at www.stratpetroleum.com. The company's phone numbers are: 905-761-9169 (main), 416-628-8018 (fax) and 646-216-9751 (U.S.).
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Ccn%5C2007%5C05%5C15...
JMCPer's-A Must Read:

Posted by: greenbullz
In reply to: None Date:5/15/2007 9:19:20 PM
Post #of 9785

http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379


in this interview with frank love, he explains his focus in the oil business. 1. Oil sludge- which turned out to be a joint venture with Sprl.
Another focus is 150 wells in PA "the Quaker State" which I believe will be a joint venture with EOR Petroleum which Sam is CFO. listen to this interview and then read this portion from the EOR website. not hard to put the pieces together. Now what will the link between SPRL and EOR be?


from EOR website.
The company intends to initially secure options for wells on a number of properties in Venango County, PA, and then expand to other regions of the US based on the amount of funding available, cash flows generated, and value of the leases. Research indicates that secondary oil has never been recovered in the Venango Sandstone Formation. The longer term strategy is to reinvest the majority of cash flows generated to acquire as many wells as would be feasible to manage, and enter into optional agreements with owners of wells abroad to apply our solution.

Estimates have the proven secondary oil reserves at approximately 330 million barrels (1 Million Barrels = 1 MMbls) of oil in the Appalachian Basin Reservoir, based on a report by the US Department of Energy, with OOIP (Original Oil in Place) remaining reserves exceeding 60 billion barrels. The first two options the JV is securing have OOIP estimates in excess of 40 MMbls, based upon surveys performed by Quaker State on the immediately adjacent properties during the mid-1970s.

EORP has set a strike target of treating up to 20 new wells per month by each two-person crew. Thus based on available funding and cash flows, all 154 wells could be treated by two crews within 4 months. Further expansion of wells will be dependant on our local management’s ability to recruit qualified staff. This limiting factor is a given with the current level of activity in the oil industry. Our local management, however, is confident they can recruit workers who have left the industry once commitment is in place with funding and a program to rebuild wells on an ongoing basis.
http ://www .eorpetroleum. com/71/index.html


New York, May 15, 2007
AheadoftheBulls.com: Future Bulls GPSN, EFGO, JMCP
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C15...

May 15, 2007
Stockwire.com: Speak with other shareholders about: (OTC BB: GPSN), (Pink Sheets: EFGO), (Pink Sheets: JMCP)
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C05%5C15...

JMCP-Expect Huge news in the a.m.!