Commonwealth American Financial Group/James Monroe Capital Name Change Finalization
Tuesday May 30, 12:03 pm ET
CHICAGO--(BUSINESS WIRE)--May 30, 2006--Commonwealth American Financial Group, Inc.(Pink Sheets:JMCP - News) has successfully completed a name change to James Monroe Capital Corporation.
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NASDAQ has received everything necessary to effect the name change for the above-referenced company. The reorganization has already taken place. The new symbol for James Monroe Capital Corporation is JMCP.
Company president, Chris McGovern said, "I believe that we have made a nice transition from the old to the new. Having our own identity is a very positive move."
McGovern was brought in to head-up James Monroe Capital after the majority stake in shares was sold to EE Forrester, LLC. A drastic company restructure followed within 1 week of the sale. Within 30 days of the changes, the company has acquired two existing businesses and over 40% of a resort development in Costa Rica. Details are available on the company's web site, at www.jamesmonroecapital.com.
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, Northbrook
Chris McGovern, 847-418-3848
AI
