James Monroe Capital Progress Report
CHICAGO, Feb 03, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) has been in talks with multiple companies regarding possible ventures. Principal shareholder Taylor Moffitt commented, "I've got a lot of equity tied up here, and while I'd like something to happen ASAP, we shouldn't just throw some junk into the company and do it half way. Considering the assets the company has in ONYI stock and real estate, we don't understand the low stock price, but we intend to do as much as possible to maximize value."
The company has been in talks with multiple ethanol and biofuels companies, a gold mine, resort developers, franchise chains, and several other possibilities. CEO Chris McGovern said, "Whatever we do, we have to make sure that it ends up making our stock more valuable and liquid. A suitable business must meet all of our business ethics standards, be approved by our financial advisors, and be well-received by the public. I've been very busy working on paperwork for ONYI, but I will enjoy being available to devote more energy to help see the success of James Monroe Capital come about as soon as possible, while still being selective and responsible with our company's future."
Moffitt added, "No matter what happens, Chris and I will remain shareholders and remain available to help ensure the success of OUR company."
SOURCE: James Monroe Capital Corporation
CONTACT: James Monroe Capital Corporation, Northbrook
Chris McGovern, 847-418-3848
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