James Monroe Capital Progress Report.

CHICAGO -- James Monroe Corporation (Pink Sheets: JMCP) has successfully executed its restricted stock dividend of ONYI, and now shareholders own two stocks, with ONYI being more valuable, respectively. Shareholders are advised to check with their brokers for more information such as when stock will show up in brokerage accounts and when stock can be safely sold without losing the dividend.

Taylor Moffitt commented, "We're transitioning into a new opportunity here. We all now own two stocks, and need to make the most of both of them. Yes, the news you've heard about our new project at ONYI is real. I saw this machine work with my own eyes, touched it, reviewed university certification documents, and chemical analysis documents myself. While Chris and I are focusing on ONYI projects (that other companies have allegedly attempted to purchase with offers to the tune of $9 and $12 billion) we do not want to waste our most liquid asset, JMCP. Next week we will begin what may be a long process of interviewing potential executives to head up JMCP. Chris and I will continue to remain loyal shareholders, supporters, and advisors for JMCP, and will continue to refer deals to the company, even if new talent is coming to inspire fresh ideas. We will be selective, and hire the best person for the job. Diane Aldrich will remain with JMCP. As we all know, ONYI now owns many of the assets and projects JMCP had, including the JMCP name. However, I am pleased to announce that the James Monroe Capital of today will be keeping its name, will continue to be viable, and will continue to grow into the future. I have heard the requests of my long-term partners and the need for liquidity and growth, and I treat all of my long-term partners as family. Over my dead body will anyone be allowed to hurt my family. God Bless."

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.