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Tuesday, May 01, 2007 7:36:57 AM
May 1, 2007 7:30:00 AM
Copyright Business Wire 2007
KILLEEN, Texas--(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.!"
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 results to differ, including, the company's limited operating history and history of losses, the inability to successfully obtain further funding, 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.
Source: James Monroe Capital Corp.
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James Monroe Capital Corp.
Frank Love
254-458-0473
info@chinookinvestmentgroup.com
http://www.jamesmonroecapital.com/
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