hibernate environment not set in jconsole

Question

I use hibernate-jconsole-1.0.7.jar to monitor hibernate. But Whenever I run the jar, Jconsole starts with an exception. Here is the Jconsole output,

javax.management.InstanceNotFoundException: Hibernate:application=Statistics is not registered.
    at org.jboss.mx.server.registry.BasicMBeanRegistry.get(BasicMBeanRegistry.java:523)
    at org.jboss.mx.server.MBeanServerImpl.getAttributes(MBeanServerImpl.java:562)
    at javax.management.remote.rmi.RMIConnectionImpl.doOperation(Unknown Source)
    at javax.management.remote.rmi.RMIConnectionImpl.access$300(Unknown Source)
    at javax.management.remote.rmi.RMIConnectionImpl$PrivilegedOperation.run(Unknown Source)
    at javax.management.remote.rmi.RMIConnectionImpl.doPrivilegedOperation(Unknown Source)
    at javax.management.remote.rmi.RMIConnectionImpl.getAttributes(Unknown Source)
    at sun.reflect.GeneratedMethodAccessor279.invoke(Unknown Source)
    at sun.reflect.DelegatingMethodAccessorImpl.invoke(Unknown Source)
    at java.lang.reflect.Method.invoke(Unknown Source)
    at sun.rmi.server.UnicastServerRef.dispatch(Unknown Source)
    at sun.rmi.transport.Transport$2.run(Unknown Source)
    at sun.rmi.transport.Transport$2.run(Unknown Source)
    at java.security.AccessController.doPrivileged(Native Method)
    at sun.rmi.transport.Transport.serviceCall(Unknown Source)
    at sun.rmi.transport.tcp.TCPTransport.handleMessages(Unknown Source)
    at sun.rmi.transport.tcp.TCPTransport$ConnectionHandler.run0(Unknown Source)
    at sun.rmi.transport.tcp.TCPTransport$ConnectionHandler.access$400(Unknown Source)
    at sun.rmi.transport.tcp.TCPTransport$ConnectionHandler$1.run(Unknown Source)
    at sun.rmi.transport.tcp.TCPTransport$ConnectionHandler$1.run(Unknown Source)
    at java.security.AccessController.doPrivileged(Native Method)
    at sun.rmi.transport.tcp.TCPTransport$ConnectionHandler.run(Unknown Source)
    at java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)
    at java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)
    at java.lang.Thread.run(Unknown Source)
    at sun.rmi.transport.StreamRemoteCall.exceptionReceivedFromServer(StreamRemoteCall.java:275)
    at sun.rmi.transport.StreamRemoteCall.executeCall(StreamRemoteCall.java:252)
    at sun.rmi.server.UnicastRef.invoke(UnicastRef.java:161)
    at com.sun.jmx.remote.internal.PRef.invoke(Unknown Source)
    at javax.management.remote.rmi.RMIConnectionImpl_Stub.getAttributes(Unknown Source)
    at javax.management.remote.rmi.RMIConnector$RemoteMBeanServerConnection.getAttributes(RMIConnector.java:931)
    at net.sf.hibernate.jconsole.hibernate.HibernateContext.getAttributes(HibernateContext.java:199)
    at net.sf.hibernate.jconsole.AbstractStatisticsContext.refreshAttributes(AbstractStatisticsContext.java:194)
    at net.sf.hibernate.jconsole.AbstractStatisticsContext.refresh(AbstractStatisticsContext.java:170)
    at net.sf.hibernate.jconsole.HibernateJConsolePlugin$Updater.doInBackground(HibernateJConsolePlugin.java:50)
    at javax.swing.SwingWorker$1.call(SwingWorker.java:296)
    at java.util.concurrent.FutureTask.run(FutureTask.java:262)
    at javax.swing.SwingWorker.run(SwingWorker.java:335)
    at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1145)
    at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:615)
    at java.lang.Thread.run(Thread.java:745)

I did publish the Hibernate:application=Statistics bean and I can see the bean from jboss jmxconsole.
I added the hibernte3.jar to the jconsole classpath as well.I use jdk 1.7 and jboss 4.2.3 GA.

Any help would be greatly appreciated.