RICHMOND, Va. (AP) -- Former Virginia Governor Jim Gilmore is out of the running for president.
The 57-year-old Republican says his late start in the race, and the front-loaded primary schedule, "have made it impractical to continue."
Gilmore was considered a long-shot at best. His financial disclosure report showed him with about $90,000 in cash on hand.
He underwent emergency surgery for a detached retina last month, forcing him to cancel at least a week of campaigning.
The self-described Reagan conservative says it takes years of preparation to build the political and financial infrastructure necessary to win his party's support for the presidency.
Gilmore is the first of the ten GOP presidential candidates to drop out.
(Copyright 2007 by The Associated Press. All Rights Reserved.)