PALM BAY, Fla., Sept. 3 /PRNewswire-FirstCall/ -- JMCP Acquisitions Corp. (Pink Sheets: JMCP) CEO, Frank Love announces, "The 5 day emergency meeting was a total success. I will be press releasing the topics covered and the results over the next several business days."
Frank Love further states, "On the JMCP Acquisitions web page (http://www.jmcpacquisitions.com-a.googlepages.com/home) under the file name: PlanofActionSummarry.doc You can read all about the JMCP Acquisitions Joint Venture with Strat Petroleum in Rosneft territory. In all of our contracts with Strat/Rosneft I demanded a "First Rights of Refusal", for all projects. In other words, we have the right to decline on any future Oil projects before they can pass the offer onto the next company looking to venture into the vast Russian Oil operation. Is it predatory? You bet!"
Frank Love states, "Rosneft has positioned itself above Russia's 2 largest Oil companies Lukoil and Gazprov. Rosneft expects to produce 145 million tons of oil by 2011 with their newly purchased YOKOS assets at auction in early 2007, one of which was the "Samara Region oil fields". Russian President, Putin, is utilizing these vast oil fields as a tool to attract foreign investment dollars into Russia.
Frank Love continues, "There's an old saying in the real state business, location-location-location. In the oil business we have our own saying, its "Strategic Location" and James Monroe Capital Corp. cannot get anymore strategically located then it currently is with the Strat/Rosneft Joint Venture in Russia."
Frank Love, also states, "One final note, I noticed that the short interest on JMCP has increased 1,694% since last month. Like a thief in the night, I will show absolutely zero mercy to naked short positions."
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:
Frank Love, phone: (254) 458-0473
e-mail:
