James Monroe Capital Corp (JMON)

[foreontee]

Iowa, Feb 08, 2008 (M2 PRESSWIRE via COMTEX) -- James Monroe Capital Corporation (Pink Sheets: JMCP), a holding company, wishes to update shareholders of its various business activities.
The company is actively doing distillation research and development, particularly of whisky, and is in talks with marketing companies in the US and Scotland regarding various whisky-related projects. No deals have been solidified, and any detailed announcement would be premature.

James Monroe Capital recently sold a subsidiary, and has separated itself completely from the oil, gas, and mining related industries. The stock obtained in connection with this sale will most likely be sold or passed along to JMCP shareholders as a stock dividend.