James Monroe Corporation (Pink Sheets:JMCP) has retired shares from a
buyback of 2 billion shares prior to September 29, 2006.
The new share structure will be posted on the company web site after the
company receives the new numbers in writing to have on file.
Taylor Moffitt said, “Everyone has been very
busy. It has been a great run of long days, nights, and weekends filled
with work. Aside from adding all of the new equipment to the shop, from
our last expansion, so that we are ready for full production, we have
also been welding, painting, and assembling the customer training and
R&D ethanol plant. Most ethanol plants take well over a year to
construct, but our project has been going up so quickly that we may end
up having to wait on permits—that’s
spectacular progress and will give us a feather in our cap, if we can
beat all of the permits. We have hired new fabricators and workers, and
a new executive who will start with us soon. Floyd Butterfield has been
continuing to improve our engineering, and regarding his latest
modifications, told me, ‘It will knock your
socks off.’ Outside of the US, particularly in
developing countries, the small ethanol plants have been well received,
and we have initial purchase orders. In the office, we have been
installing control systems for tracking every penny, as requested by a
PCAOB auditor. We are nearing a final selection of a PCAOB auditor, and
are looking forward to being a reporting company. At the same time we
have been finishing off one of the Northland Home Solutions houses, so
that we can sell it. We have continued to work on mergers and
acquisitions. Other parties have continued to show interest.”
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.
James Monroe Corporation (Pink Sheets:JMCP) has retired shares
from a buyback of 2 billion shares prior to September 29, 2006.
The new share structure will be posted on the company web site
after the company receives the new numbers in writing to have on file.
Taylor Moffitt said, "Everyone has been very busy. It has been a
great run of long days, nights, and weekends filled with work. Aside
from adding all of the new equipment to the shop, from our last
expansion, so that we are ready for full production, we have also been
welding, painting, and assembling the customer training and R&D
ethanol plant. Most ethanol plants take well over a year to construct,
but our project has been going up so quickly that we may end up having
to wait on permits--that's spectacular progress and will give us a
feather in our cap, if we can beat all of the permits. We have hired
new fabricators and workers, and a new executive who will start with
us soon. Floyd Butterfield has been continuing to improve our
engineering, and regarding his latest modifications, told me, 'It will
knock your socks off.' Outside of the US, particularly in developing
countries, the small ethanol plants have been well received, and we
have initial purchase orders. In the office, we have been installing
control systems for tracking every penny, as requested by a PCAOB
auditor. We are nearing a final selection of a PCAOB auditor, and are
looking forward to being a reporting company. At the same time we have
been finishing off one of the Northland Home Solutions houses, so that
we can sell it. We have continued to work on mergers and acquisitions. Other parties have continued to show interest." 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. |