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James Monroe Capital Targets Developing Countries for Ethanol Plant Exports
October 10, 2006 08:30:49 (ET)
CHICAGO, Oct 10, 2006 (BUSINESS WIRE) -- James Monroe Corporation (Pink Sheets:JMCP) has found a new favorite customer: The overseas buyer. Due to demand from developing countries, James Monroe Capital is responding with a new marketing plan.
Diversified Ethanol, a subsidiary of James Monroe Capital, is engineering and manufacturing small, more easily affordable ethanol plants. The company also is building ethanol plants to keep for its own use. The plants can run on a variety of inputs, including fruit waste, switchgrass, and all other sources of sugars.
Many developing countries have abundant sugar crops, with fruit processing plants and sugarcane fields. Some export these crops, and receive low prices for their crops and their waste products. For ethanol, sugar-crops cost less to process than starch-crops. Also, many of these countries suffer from very high fuel costs, and have very low labor costs. Some lack the rail & freight logistics systems to handle giant ethanol plants, and the finances to build them. To top it all off, some of these countries are also very hot, year round, and can run their vehicles on 190 proof fuel, which is much cheaper to produce than the 200 proof needed in the US. Even the byproducts of the ethanol process are edible. All of these factors have sent several small countries, investors, and governmental heavies into a race to see who can dominate their markets first, and James Monroe Capital is ready to supply them all with ethanol plants.
The company's new marketing plan includes targeting plant-buying investors with strong foreign relationships, especially governmental ties, and building relationships with key people overseas. Diversified Ethanol is multi-cultural, good for the environment, creates jobs in the US and abroad, and every plant will yield very high returns for customers and profits for Diversified Ethanol.
Updated Photos of the company's 75,000-gallon Butterfield Ethanol Plant will be posted on its web site later this week. The plant is expected to be operational "before the snow flies." Afterwards, there will be a few months of fine-tuning before it reaches its fullest potential. The company expects to begin constructing another plant on January 3. Engineer Floyd Butterfield is busy improving the plan for the new plant, called the A500, which is 7 times larger than the last one. Butterfield said, "There is so much need right now for ethanol plants in developing countries. We want to supply all of those plants, while helping these countries to be more independent." The web address is: www.diversifiedethanol.com
If you would like information about purchasing an ethanol plant please call 515-603-6292.
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
Posts: 711 | Registered: Feb 2006
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I found this thread all the way on page 3. What happened to all the die hards.
Posts: 1178 | From: Mobile, AL | Registered: Aug 2005
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On October 11, 2006, Originally New York, Inc. (the “Registrant”) entered into a Letter of Intent (“LOI”) with James Monroe, a Delaware corporation. The LOI provides that James Monroe will contribute assets for stock of the Registrant. Additionally, the Registrant will sell stock to a group of investors that will provide capital to the Registrant. James Monroe and the investors will receive stock equal to 80% of the stock outstanding. It is anticipated that there will be approximately 65,000,000 shares outstanding upon receipt of the assets and the investment. The Registrant will undertake the business of developing, manufacturing and selling ethanol plants.
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Sounds like another one of JMCP's pie-in-the-sky schemes. Speaking of which, whatever happened with the Costa Rica BS they were talking about a few months back?
I wonder if we'll even see a PR about this new joint venture? Yeah, there's tons of money to be made in selling tshirts and coffee mugs to ex-New Yorkers who miss home...
Posts: 348 | From: Amsterdam | Registered: Oct 2006
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Your missing it here-first this company has not sold t shirts for a few years.They did that when they first started but maybe they were just a holding company-y know guys that have alot of loot and don't really need a business model-They probably just sold T shirts out of a hobby more than anything.Plus I believe they have been trying a few other things recently but obvious without succcess-maybe they don't have any money at all other than the company itself that they own.
Either way the main point is that this can become a reverse merger.I believe that is what they are setting themselves up for here.Once they gain control of the company they will simply request to merge assets.did you even look at the value of this company before you bashed it? It is trading for .90 a share.If we could get even a 1 for every 10000 we would all be very well of no?
Costa Rica will happen -that is just delayed.At least wait to the shareholders meetings.Dont listen to people that tell you this stock is a POS.I bash the company sometimes to over thier weak PRS but I understand why they do it now-they use the PRs as a advertising tool.
If you ain't in you can't win. depends what your goals are for the company -i would set a price to get my original money out and then ride the rest.I think you can do better than .0002.I would go for .0003 and just sell my original money worth.Then ride the rest for free-you never know what may happen 5 years from now!
Posts: 114 | From: St.Pete Florida | Registered: Sep 2005
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So is James Monroe, the same as James Monroe Holding Company, or are they just buying a new shell with a lower o/s because this one is tapped out.
-------------------- I just want to make enough money to be eccentric. Posts: 2412 | From: Atlanta | Registered: Aug 2005
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With the news release of the pending deal with ONYI, their stock (ONYI) is down $.28. Gee, I would have never figured...
Posts: 348 | From: Amsterdam | Registered: Oct 2006
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Now it's (ONYI) down $.34 -37.78%. Great investor confidence in the JMCP/ONYI deal...
Posts: 348 | From: Amsterdam | Registered: Oct 2006
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I email jmcp about whats going on so far and this was an email I received back.. Dear Partner,
I’m afraid that we can’t talk about anything confidential, but the following is all public knowledge:
1. ONYI is a shell (read their EDGAR filings)
2. JMCP is on record stating that it wants to become a reporting company, which trades on the NASDAQ capital markets
3. JMCP has never expressed any interest whatsoever in owning a T-shirt company
4. JMCP is on record stating it wants a “square deal” for everyone. This would mean aiming for proportionately equal gains for outside cash investors and JMCP shareholders, whether large or small shareholders
We are working very hard and will provide more information after it has been approved by our SEC attorneys.
Posts: 106 | From: SC | Registered: Dec 2005
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ONYI = zero volume. This merger is like two retarded people getting married... not much hope for the future...
Posts: 348 | From: Amsterdam | Registered: Oct 2006
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quote:Originally posted by JIF: $**($*(#$&##($*)*)#(*)&$*)&#)*_!*_*$*(**#$
That's all I have to say about it.
JIF, Translation please. Is it a positive or negative thing in your opinion? What's everyone else think? Yea or nay? I've got my fingers crossed that it works out for the best!
Posts: 173 | From: Chicago, IL | Registered: Nov 2005
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Well it appears the retarded courtship between the retarded JMCP and ONYI is nearing closer to a retarded marriage. It is reminded of the Brady Bunch with Downs Syndrom. Two idiots getting married with 50 billion kids (shares).
Posts: 348 | From: Amsterdam | Registered: Oct 2006
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