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JMCP --- James Monroe Capital Corporation .0001 stock with potential
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[QUOTE]Originally posted by JIF: [QB] CHICAGO, May 18, 2006 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc./James Monroe Capital (Pink Sheets:CWFG) today announces that its Costa Rica resort development at Punta Uva will include a Casino. The casino will be developed and run (initially) by the same team of Italians who did the Hard Rock Casino in Florida. At the present time, some 200+ Caribbean cruise ships per year dock north of Punta Uva at Limon where tourists don't have much to see or do as the ships gas up at the industrial port town. Many of them are taken by bus, 3 hours away, to visit the San Jose casinos. Dr. Jane commented, "Several tour busses a day go past the beach, and there has been no development in this area. The tourists are desperate for entertainment. We can give them an all-inclusive package: the best beach, rentals, the rainforest, guided trekking, canopy rides, a casino, dance club, restaurants ... all of which draw people to our resort." A world-class US architecture firm will work with a local architect for the resort. "To be in the rainforest, the architecture has to be natural. We won't let anyone bring in bulldozers and pour concrete everywhere," says project founder Carr Pechtel. "The main room of the Rainforest Casino should have 30-foot-high glass walls with full views of the rainforest and wildlife, with the building built around the old trees, and vines coming down from the roof. This will be beauty that people will not forget. We want them to come to Costa Rica just to see our resort ... and it's so cheap to build here too." CEO Chris McGovern said, "This resort passed our value/growth tests with flying colors. It's a good deal, and we didn't even factor in the income from the casino. Adding the casino to the mix only improves things. We are very eager to get to the point where we can have audited financials. This will take time, and money, but we would like to help our shareholders make rational decisions." The company expects to receive its new symbol and finalize the name change very soon, for a clear, public distinction of the new leadership and direction. [/QB][/QUOTE]
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