James Monroe Capital Pursuing $16 Million Stock Dividend.

CHICAGO -- James Monroe Corporation (Pink Sheets:JMCP) decided in a meeting of its directors that the company is going to pursue paying a stock dividend to its shareholders. The company has engaged counsel to review state statutory requirements for the issuance of the dividend, whether the company qualifies for an issuance, and other compliance matters. The directors would like to issue 22,886,190 shares of common stock of Originally New York, Inc. ("ONYI") that the Company received earlier this year as consideration for the purchase of some assets. This would translate to approximately 1 share of ONYI for every 2000 shares of JMCP, or for every $100 worth of JMCP a shareholder would get roughly $350 worth of ONYI, based on Tuesday's closing prices.

The stock is unregistered and accordingly would be restricted. Restricted stock cannot be sold for a period of time, such as a year or two. This protects shareholder value. Following the holding period, restricted stock is also subject to selling limits proportionate to the size of the company. This also helps to protect share prices.

James Monroe Capital President Chris McGovern said, "As we have said all along, we are here to serve the interests of our long term shareholders. We are interested in long-term, aggressive growth. We will keep everyone informed of our progress with this new pursuit to the fullest extent possible."

ONYI has a subsidiary, Diversified Ethanol Corporation, with a web site that is www.diversifiedethanol.com. The Company is in the business of constructing and manufacturing ethanol plants for resale and for its own use. ONYI is developing a new web site, which will closely resemble www.jamesmonroecapital.com. McGovern, who is also the President of ONYI, has committed to issuing press releases to keep the public informed of news and events as ONYI steps-up efforts.

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.