Precisely my understanding, noggin.
Perhaps the idea is to gain a FAA PPL, then persuade the lucky punters to build up to a total of 100 hours as pilot of aeroplanes, sit the PPL Air Law and HP&L exams plus the FRTOL tests, then do the JAR-FCL PPL Skill Test?
Whatever. But to advertise a 'JAR-compliant' licence is perhaps somewhat misleading.?