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600m+ volume..time to load up..can run to .005
Monroe Capital Resort Development Announcement Thursday June 1, 8:30 am ET
CHICAGO--(BUSINESS WIRE)--June 1, 2006--James Monroe Capital Corporation (Pink Sheets:JMCP - News), has announced that its Resort Development could now be worth upwards of $30mm when complete. The increase comes because the development has been given the honor of being able to build an original Frank Lloyd Wright building. ADVERTISEMENT
Frank Lloyd Wright has been called America's greatest architect. When he died, there were some designs that had not been built. Architect Charles Montooth, of Montooth & Hamblin, was Wright's apprentice from 1945 until the time of his death. Montooth will be overseeing the project the same way he supervised the construction of some of Wright's other original designs. Montooth & Hamblin will be designing the rest of the Resort, which will be "not on the land, but of the land," in true Wright style. Architect Floyd Hamblin commented: "Its pretty inspiring. I am incredibly enthusiastic about the opportunity to work with such natural beauty, and create something that will reflect that natural beauty and grace the landscape." Elements of the Montooth & Hamblin design will include open-air showers, rooftop planters, exterior rooms without walls, and dramatic, serene shapes.
James Monroe Capital CEO Chris McGovern said, "Having an original Frank Lloyd Wright on our resort is a lot like getting an original Picasso painting. It's a piece of art, and our target market loves it. Its construction will attract international attention to our resort, Rainforest Beach(TM), and we will be able to charge premium rates because the rare nature of the architecture will bring tourists from all over the world. This sort of project doesn't happen very often."
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: Commonwealth American Financial Group, Northbrook Chris McGovern, 847-418-3848
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JMCP JAMES MONROE CAPITAL CORP Trade Research Add to Watch List Detailed Quote Option Chain Last [Tick] 0.0001[ - ] Change 0.0000 % Change 0.00% Bid 0.00 Bid Size 0 Ask 0.00 Ask Size 0 Open 0.0002 Volume 873,496,302 Day High 0.0002 Day Low 0.0001 Previous Close 0.0001 Prev. Close Date 05/31/2006
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