JMCP Corp.: JMCP Corp.: (Pink Sheet: JMCP) Important Update to Shareholders
Aug 01, 2007 (M2 PRESSWIRE via COMTEX) -- James Monroe Capital Corp. President, Frank Love makes the following statement, "Progress in securing the $270 Million Dollars worth of Sludge Oil, the Oil field with 48,000,000 barrels of reserves and the 154 Stripper Wells, is an uphill battle. A battle that we will win." Love also states, "We new this would be a tough mission. I want to show the shareholders just a glimpse at what we are up against. The following is an accurate exert from an online encyclopedia. " Nefteyugansk (Russian: ????????´? 089;?) is a city in Khanty-Mansi Autonomous Okrug, Russia. The city is located south of the Ob River, close to the larger city of Surgut. Population: 107,830 (2002 Census). It is served by Nefteyugansk Airport.
The city was founded on October 16, 1967. Prior to that, an oil field had been discovered in 1961. The main and the only big enterprise in the city Yuganskneftegaz was founded in February of 1966. "Yugansk" - comes from the Khanty (aboriginal) name of a small river near the city, "nefte" means oil in Russian, and "gaz" is natural gas. The economy of the city remains petroleum-based, and was a major centre for the Russian oil enterprise YUKOS, which owned Yuganskneftegaz. In fact, the "Yu" in "YUKOS" comes from the "yu" in "Nefteyugansk" and therefor from "Yuganskneftegaz". Other three leters come from the oil-refining factory "Kuibyshev-Org-Sintez", situated in Samara city (former name in the USSR was Kuibyshev city). The city remained considerably poorer than Surgut because of bad salary policy of YUKOS oil Company; and people try to move to Surgut to work for another famous Russian oil company - "Surgutneftegaz". It is not easy because of the considerable differences in prices for housing between Nefteyugansk and Surgut.
In June of 1998, the mayor of the city, Vladimir Petukhov, was shot and killed, and a Yukos employee was charged with the murder. Petukhov had been one of Yukos's critics. On September 20, the deputy mayor of Nefteyugansk, Dmitry Yegortsev, was assailed and wounded with a knife. Another deputy mayor, Igor Gribanov, died in a fire at his home in 2006[1]. Since January 2005 Yuganskneftegas belongs to the State Owned Oil Company - "Rosneft". People still live in the city under stress and uncertainty.
Love further states, "For security reasons, we are moving our offices. We have asked all JMCP Acquisitions Corp. Officers, Employees and Corporate representitives to refrain from public statements. We have removed certain addresses from State and Federal filings at the permission of said Governmental offices. Those close to these deals wishing to exit JMCP Acquistions Corp. have our blessing. We have all documentation stored in Quadruplicate in serveral vaults around the United States. These are purely precautionary measures." Love goes on to state, "I am fighting tooth and nail for the company and it's shareholders. That Oil is ours and no one will take it away from us. " Love finishes by stating, "To those that oppose us, to those wishing to bring harm to us, You will not be successful in your endevors.
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