JPCI maybe getting closer to doing a deal. Look how the latest 10Q has changed the wording of deals they are looking at:

06/2007 10Q filed on 8/8/2007
Management is currently in discussions with a firm that appears to be a good match for such a combination with the Company.

03/2007 10Q filed on 5/11/2007
Management is currently in discussions with a number of firms that initially appear to be good matches for such a combination with the Company.

SEC Filings

One item of interest in today's 8K was that Componus, Inc. only paid "up to $25,000 for reimbursement of its legal fees incurred as a result of the transactions contemplated." This payment is for 89,000,000 total shares or 87.25% of the total issued and outstanding common stock of the Company. Currently, OTCBB shells are selling for $500,000 - $700,000. Do the current shareholders think they will get a better return from the sale of their stock than selling the shell outright to Componus?


Here is the current ownership of JPCI before the reverse merger announcement:


Name (1) Number of shares (2) Percent Held
-------- -------------------- ------------
John C. Canouse (3) 16,395,156 66.1%
Joseph C. Canouse (4) 2,274,106 9.2%
J.P. Carey Asset Mang 2,257,900 9.1%
Jimmie N. Carter 80,000 (5)
Cache Capital (USA) L.P. 36,292 (5)
Janet L. Thompson 5,118 (5)

Directors and officers 16,480,274 66.4%


10K
http://www.sec.gov/Archives/edgar/data/1162867/000117266507000091/form10ksb.txt

8K
http://www.sec.gov/Archives/edgar/data/1162867/000095014408002211/g12300e8vk.htm

I bought more the other day at .065 only. Almost .30 now. This looks like a good one.

Billion dollar industry they are going into. I am shocked more are not buying it.

JPC Capital Partners, Inc. Executes Stock Purchase Agreement and Share Exchange With Componus, Inc.

ATLANTA, GA -- (MARKET WIRE) -- 03/26/08 -- JPC Capital Partners, Inc. (OTCBB: JPCI), a licensed broker-dealer based in Atlanta, Georgia, announced today that it has executed a stock purchase agreement and share exchange with Componus, Inc., a Nevada corporation ("Componus"), involved in providing the automotive, trucking, transportation, railway, and petroleum industries with raw, finished, and assembled components.

The Agreement provides for the acquisition of Componus by JPC Capital Partners, Inc. whereby Componus will become a wholly owned subsidiary of JPCI. In connection with the acquisition of Componus, and after taking into effect a 1-for-2 reverse split of JPCI common shares, JPCI will issue 89,000,000 total shares of common stock. This will represent approxi mately 87.25% of the total issued and outstanding common stock of JPCI after the transaction is closed. These shares will be issued in exchange for all of the issued and outstanding shares of Componus. Upon completion of the Closing, Componus intends to elect a new board of directors and appoint new officers.

JPC Capital Partners CEO, John Canouse, stated: "After reviewing all of our strategic options, a merger with Componus was deemed to be the most effective strategy available to enhance shareholder value. Componus is an established company with assets and a tremendous revenue potential in the multi-billion dollar metal forging and automotive supply industry. We see this as a great opportunity for JPC Capital shareholders."

About Componus, Inc.

Componus, Inc. ("Componus") is a Nevada Corporation involved in the multi-billion dollar industry of providing automotive, trucking, railway and petroleum industries with raw, finished and assembled components.

About JPC Capital Partners, Inc.

JPC Capital Partners, Inc. has been a licensed broker-dealer since its inception in 1999. It specializes in private placements and financings for public and private companies, as well as certain corporate finance functions, including business consulting and merger and acquisition services. For additional information, visit JPC Capital Partners' website at http://www.jpccapital.com or contact John Canouse at 770-521-1330.

JPC Capital Partners, Inc., member FINRA/SIPC.

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=JPCI:US&sid=abx_HYawWRVU

What I find encouraging is there really hasn't been any selling pressure on this stock...most of the sales are most likely the folk who got in on the news and flipped it for a triple or a double for a quick hit...I think management did real well here...I mean come on folks they do placements/funding/mergers for a living..do you think for one minute they would do a deal that's bad for them...they hold 66% of outstanding shares...the only thing remains how and where do we value the new company with 89million issued and o/s around 100mill or so and 250mill authorized??? any thoughts???

I recently came across this one..I live about 10 minutes from the Auto Salon..have been there and have met with Michael Wesney...Doesn't look like the Salon is very active at this point...I have posted all of my findings from news paper articles from my area to pictures from the SAE show at COBO this week etc..on the investorshub board for JPCI..This should be an interesting story if the Revenue numbers from Asia Forgings Website are even close to accurate...good luck i just recently bought shares in the teens...I probably bought from some of you on this board..lol congrats..

imho
mj

JPCI just filed a 14C
here's the link
any opinions TT?
http://www.sec.gov/Archives/edgar/data/1162867/000095014408003193/g12935pre14c.htm

Real assets and revenues and only a 1 for 2 reverse split. It still appears to me that the previous shell owners want the existing shareholders to participate in any potential stock appreciation.

Here are some highlights:

- Changing the name of the company to “Detroit International Auto Salon Corp.”

- Hung-Lang “Eric” Huang 50
Mr. Hung-Lang has served as the Componus’s Chairman and President since December, 2005 and CEO since October, 2006 when he founded the Componus. He is currently responsible for strategy and operations. He also founded Asia Forging Supply Co., Ltd and has served as its Chief Executive Officer and President since 1998. Prior to founding both companies, Mr. Huang was Vice President of Hwa Fong Steel Forging Company Ltd., (1984 to 1997) and Hwa Kien Director of Han Tai and Taiwan Automotive Industry Association (1998 to present). Mr. Huang graduated from Taipei Technology University of Taiwan in 1978.

- REVENUES: $14,593,144
- TOTAL ASSETS: $10,185,869
- TOTAL LIABILITIES: $8,327,342

- Componus is a large forging supplier in Asia. Componus provides, manufactures, or sells forgings, casting, stamping, semi-finished and finished components via direct sales, sales representation, and through distributors, predominately for the automobile industry.

-The Detroit International Auto Salon (“DIAS”) is a wholly owned subsidiary of Asia Forging Supply Co., Ltd (“AFS”). DIAS serves the automotive industry as being a marketplace in North America (Allen Park, Michigan) where Asian suppliers may come to meet in one location where all their automotive supply needs are coalesced, somewhat similar to a shopping center though specific to the industry.

http://www.sec.gov/Archives/edgar/data/1162867/000095014408003193/g12935pre14c.htm

I OWN SHARES IN JPCI.