James Monroe Capital Corp (JMON)

[jgbuz]

Commonwealth American Financial Group Announces New President and Sale of Majority Stockholder Interest
Friday April 28, 2:22 pm ET


MIAMI--(BUSINESS WIRE)--April 28, 2006--Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG - News) announces that Chris McGovern has been appointed the new President of Commonwealth American Financial Group, Inc. Chris McGovern has accepted the resignation of Kristin Mary Ryals, former president and CEO of CWFG. The company also announces that the majority shareholder interest has been purchased.
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New Management of the company will be issuing news to the public in the coming days and disclosing their future plans for the company.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.



Contact:
Commonwealth American Financial Group, Inc., Miami
Kristin Mary Ryals, 305-913-7112
Fax: [phone]