Humor:
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."
