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Monday, 09/17/2007 9:24:29 AM

Monday, September 17, 2007 9:24:29 AM

Post# of 279080
Looks like our beloved Frank Love is at it again.

Posted by: h24ever
In reply to: None Date:9/17/2007 8:39:15 AM
Post #of 64599

OT: LOLOLOL A nice way of saying R/S !!!! JMCP Corp.: (Pink Sheet: JMCP) James Monroe Capital Corp. announces Merger and Restructure

Pink Sheet: JMCP, Sep 17, 2007 (M2 PRESSWIRE via COMTEX) -- Frank Love, President of James Monroe Capital Corp. (Pink Sheet: JMCP), and CEO of JMCP Acquisitions Corp Frank Love is pleased to announce, "A twofold strategy to add value to its long-term shareholders." Company president Frank Love said, "A reverse triangular merge will take effect between the subsidiary JMCP Acquisitions Corp. and another publicly traded corporation. A pro-rata distribution of the merge shares will take effect once the certificate of merge is file stamped with the State of Florida Division of Corporations." Love furthered, "As a bonus to this merger, we are responding to the needs of our shareholders right now. We want quality more so than quantity. Following the advice of our legal counsel and the assessments made at the urgent 5 day meeting with corporate officers and joint venture partners, we are going to change the nature of the company restructure. This has also been requested by accredited and institutional investors to add credibility to the company. We are pleased to announce that we are going to substantially lower the authorized shares of the company, put a halt on issuing any new stock, and do a true beneficial reverse stock split. At this juncture, it will lower the number of shares issued, promote liquidity in our stock, and make our company more respectable.
A beneficial reverse stock split means (no dilution). The stock has a chance to grow, because the authorized shares are lowered substantially and no new stock is issued. The improvement was recommended by legal counsel, by joint venture affiliates, and will ultimately add long-term shareholder value because the company can substantiate its stock. "We have serious investors who have been holding back because of our low share price. That's about to end. We're moving into new arenas, and we will take every shareholder along for the ride. The dividend of the Royalty Trust, along with our new spectacular news of the JMCP Acquisitions Corp merger, will help us as shareholders to participate in new areas of growth." Frank Love continued, "It opens new doors. Once all of this progress occurs, we can valuate James Monroe Capital Corp., reassess our needs, and then proceed with a forward split to maintain as much market stability as possible as the company grows. This will create value and true liquidity for James Monroe Capital Corp. shareholders. There will be some short-term investors who don't like this approach. Our long-term investors, the true members of our team, will appreciate it when and if the company is able to pay out dividends. Sometimes its hard to see the forest for all the trees, but we're going to consider what the Institutional & Accredited investors suggest to us, ultimately this will make the company come out on top. We're still going to use a substantial portion of company revenues to fund our buy-back, and we're even going to revamp our company website." Frank Love finishes with, "The newly restructured James Monroe Capital Corp. will most definitely be a force to be reckoned with. A new share structure with a valuation coming in from the oil ventures will bring James Monroe Capital Corp a much-needed, sharper look from accredited and institutional investors. The time is now James Monroe Capital Corp. is the place." 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: Frank Love Tel: +1 254 458 0473 e-mail: frank.love@jmcpacquisitions.com WWW: http://www.jmcpacquisitions.com-a.googlepages.com/home

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.


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