James Monroe Capital Appointing New President and CEO.

CHICAGO -- James Monroe Capital Corporation (Pink Sheets:JMCP) has announced that it is in the process of appointing a new company president and CEO, Frank Love.

All current officers and independent contractors of James Monroe Capital will remain involved with the company. Mr. Love is excited about the projects that James Monroe Capital presently has, and has been in talks with numerous other parties about possible new business to bring to the shareholders.

Principal shareholder Taylor Moffitt said, "After talking with several top notch candidates, Chris McGovern and I feel that Frank Love is in the best possible position to represent our interests as shareholders, and bring value to the table. He has enthusiasm, energy, and has been in talks regarding a handful of deals that Chris and I are very excited about. He agrees with our position of 'no reverse stock splits' and cares about both his reputation and the long-term interests of his shareholders.

CEO Chris McGovern commented, "This is an amazing opportunity to see James Monroe Capital moving forward into a bright future. I believe that Frank Love has the integrity and the determination see growth come to fruition. He is committed to the interests of all long-term shareholders and believes in our vision of the company's future."

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.