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JMCP --- James Monroe Capital Corporation .0001 stock with potential
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[QUOTE]Originally posted by IMAKEMONEY: [QB] James Monroe Capital Shareholder Meeting Called ``Awesome Success`` November 02, 2006 08:30:24 (ET) CHICAGO, Nov 02, 2006 (BUSINESS WIRE) -- James Monroe Corporation (Pink Sheets: JMCP) held its 2006 shareholder meeting on November 1, which, according to 100% of those attending, was a success. 80% of those attending even called it an "awesome success." The tour revealed that Diversified Ethanol's plant has made progress faster than forecasted by the engineer, with construction moving more quickly than some legal permits. Electricians and steel workers were busy working during the meeting. The tour also revealed a factory geared up to efficiently mass produce ethanol plant components, with raw materials coming in one end, and finished components going out the other. Shareholders who visited many of the local properties were very pleased, and there was much talk of increased positioning. In addition to shareholders, also attending were Bob Johnson, Vinton Lewis, and some new faces, including the senior loan officer from Bradford Mortgage. A total of 21 people attended the meeting. Other interesting information from the voluntary survey of visiting shareholders who attended the meeting: 80% said they would like to see the company declare a stock dividend of ONYI shares, with 20% undecided. 75% of those in favor of a stock dividend said they would like to see that stock restricted (that is, no "dumping") to help the stock rate better with analysts. For short term 60% gave JMCP a rating of "Strong Buy," with 40% stating, "Hold." For long term 80% gave JMCP a rating of "Strong Buy," with 20% saying, "Buy." Company president Chris McGovern reviewed and explained the company ethics & principles, which are listed on the company web site. Taylor Moffitt made some special announcements, including that the building that houses Diversified Ethanol has been paid off and is now debt free. Amid anticipated growth, the company is preparing to outgrow its current buildings, and has been in negotiations regarding the purchase of a much larger office building, although no plans have yet been made. Moffitt also mentioned plans to cater to customer requests to design a larger ethanol plant to add to Diversified Ethanol's lineup. Moffitt announced that the company would be switching to a high-tech secure digital system of bookkeeping, with hard backups. The new system will facilitate mergers and acquisitions, and save money. The nearly 2 hour-long meeting was recorded, and will be available on the company web site, at [URL=http://www.diversifiedethanol.com]www.diversifiedethanol.com[/URL] within the next few business days. This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. SOURCE: James Monroe Capital Corporation James Monroe Capital Corporation, Northbrook, IL Chris McGovern, 847-418-3848 Copyright Business Wire 2006 [/QB][/QUOTE]
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