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[QUOTE]Originally posted by Bigrod40: [QB] :rolleyes: [b]At Least we have reason for the delay now, Good or Bad....Who Knows. Maybe Mr. Love has a pipe dream about being on the NYSE.[/b] JMCP Corp.: James Monroe Capital Corp. (Pink Sheet: JMCP) Reviewing Candidates as Trustee for the Royalty Trust Jun 04, 2007 (M2 PRESSWIRE via COMTEX News Network) -- James Monroe Capital Corp. (Pink Sheet: JMCP), "Reviewing Candidates as Trustee for the Royalty Trust" James Monroe Capital Corp. President Frank Love announces, "Initial due diligent on three prime candidates for trustee is now entering into the secondary phase. We are looking for a total package trustee, one who has the experience to bring this to fruition." Frank Love states, "The criteria that I require in our trustee are quite simple. The trustee must be attached to the underwriting bank, have NYSE Royalty Trust Trustee experience and be fully committed to our Royalty Trust from formation and underwriting to listing on the Big Board." Frank Love further states, "With the valuations that came with 154 Stripper Oil wells, $270 Million in Sludge Oil and an oil field with 48 Million barrels in reserves, meeting the initial listing requirements for the Big Board will be a lot easier with the right trustee. That's why I am seeking a trustee that is qualified to handle our James Monroe Capital Corp. Royalty Trust." 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. CONTACT: Harold Engel, Investor Relations e-mail: info*chinookinvestmentgroup.com WWW: http://www.jmcpcorp.com [/QB][/QUOTE]
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