Mr. Jay Freeman reports

JM CAPITAL II CORP. ANNOUNCES TERMINATION OF QUALIFYING TRANSACTION

JM Capital II Corp. has terminated its previously announced proposed qualifying transaction with SociaLabra Inc.

The company will continue to pursue and evaluate other businesses and assets with a view to completing a qualifying transaction, and will make further announcements with respect to these efforts as soon as practically possible. JM Capital cannot offer any assurances that a qualifying transaction will be completed.