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JMCP --- James Monroe Capital Corporation .0001 stock with potential
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[QUOTE]Originally posted by Persia: [QB] James Monroe Capital Announces New $5mm Project Wednesday June 7, 9:54 am ET CHICAGO--(BUSINESS WIRE)--June 7, 2006--James Monroe Capital Corporation (Pink Sheets:JMCP - News), has announced that they are working on a second resort development in Costa Rica. ADVERTISEMENT James Monroe Capital will be working on a timeshare resort, on the already popular West coast of Costa Rica, in Guanacoste. Dr. Vinton J. Lewis, independent deal maker, has commented, "Timeshare allows us to sell the same condo 50 times, one week at a time. The profits that can be obtained are substantially higher than a typical development." Dr. Lewis has brought timeshare expert Bob Johnson to the team, who will head up the development as president of the subsidiary. Johnson said, "We have been approached by multiple land owners who would like us to develop their land. This places us in such a good position, with so many choices. I'm sending one of my guys, Richard Smith, another timeshare expert, down there in mid-June to do some final due diligence on the property which is by far our favorite. We have that property tied up for now." James Monroe Capital CEO Chris McGovern commented, "The two resorts will be different from each other, but the timeshare resort will be a quicker profit center. We can also use the two of them to help add stability to the company. We also hope, in the future, to have the resorts profit from each other, sharing ideas for long-term success and earnings." Dr. Lewis wishes to clarify a previous press release. He was not the artist who designed "McGruff," but selected the design for his original pitch to the Lions Club, where he made it happen. [/QB][/QUOTE]
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