JMON - James Monroe Corporation (Bulls Board) Message Board

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Gold/Mining/Energy : JMON - James Monroe Corporation (Bulls Board)

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Jul 16 9:30 AM EST

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From: jmhollen	5/22/2007 6:51:01 PM
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James Monroe Capital Enters into Talks with Suitor for Wales Holding Corporation Last Update: 2:10 PM ET May 22, 2007 KILLEEN, Texas, May 22, 2007 (BUSINESS WIRE) -- Frank Love, President of James Monroe Capital Corp. (Pink Sheets:JMCP), is pleased to announce that he has entered into talks with a suitor for Wales Holding Corporation. The directors of James Monroe Capital are defining a strategy with which to get the most benefit for all of the shareholders. The mining company is willing to wait for James Monroe Capital to finish its financing before it takes possession of the property. Frank Love states, "If we accept their offer, our shareholders will receive shares in this mining company. The mining company has other assets other than our property. Specifically, they have an alluvial property located in South America that is extremely attractive and will be revenue-producing almost immediately. In addition, they are in the process of acquiring undervalued uranium assets that will make their company asset-rich. My advisors have shown me numerous reports that the price for uranium should grow exponentially in the next decade as demand for it increases due to China and India's growth as well as due to the deterioration of the environment. "This sale will also allow our Ghanaian mine to get financed and be put into full-production and their management team can focus on that whilst ours could focus on the oil projects. We will want some executives that we have worked with in the past to be appointed as directors in the company so our interests will be protected. No decision has been made as of yet but we will keep shareholders updated. "On another note, I am pleased to announce that I am receiving numerous calls from European Institutions that are interested in our stock. In addition, many want to have deeper discussions about them buying a larger equity position in our company. Based on the assets that we have presently and the expected revenues from our oil deals, this amount could become quite substantial." SOURCE: James Monroe Capital Corp. James Monroe Capital Corp. Harold Engel, 254-458-0473 info@chinookinvestmentgroup.com www.jmcpcorp.com Copyright Business Wire 2007 .

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