AlphaPro Management Inc. Announces Key Appointments

TORONTO, Sept. 22 /CNW/ - AlphaPro Management Inc. ("AlphaPro") is pleased to announce the appointment of Ken McCord, CFA, to the position of President.

Mr. McCord has more than 20 years of investment industry experience in Canada, including key roles at well-established asset management firms. Most recently he has been President and CEO of Webb Asset Management, a business he co-founded with Derek Webb, CFA, and where, in the interim, he remains a Director. Prior to that he held roles including Senior Vice-President of First Asset Management Inc., Senior Vice President of AIM Funds Management and President of INVESCO Canada. Ken achieved the Chartered Financial Analyst designation in 1995 and has remained involved with the CFA Institute since then.

"I'm excited to take on this leadership role at AlphaPro," said Mr. McCord. "In less than a year, we have created a meaningful competitive advantage in the actively managed ETF market and raised significant assets in a very difficult economic environment. Our growth potential is enormous."

In addition to this appointment, Howard Atkinson, CFA, CIMA, assumes the role of Chief Executive Officer and Adam Felesky has been appointed Chairman of AlphaPro.

"Given Ken's extensive knowledge of capital markets and his significant achievements, we are thrilled to have him in this leadership role," said Howard Atkinson. "We expect that his expertise in all aspects of asset management will lead to considerable growth for AlphaPro."

All appointments are subject to any necessary regulatory approvals.

About AlphaPro Management Inc. (www.hapetfs.com)

AlphaPro, the manager and the trustee of the Horizons AlphaPro ETFs, is an innovative financial services company specializing in actively managed ETFs with assets under management of approximately $100 million as of August 31, 2009. AlphaPro is a subsidiary of BetaPro Management Inc. ("BetaPro"). BetaPro is Canada's largest provider of inverse, leveraged and inverse leveraged ETFs. BetaPro manages approximately $2.6 billion in assets as of August 31, 2009. BetaPro is a subsidiary of Jovian Capital Corporation, a publicly-traded company listed on the Toronto Stock Exchange (JOV: TSX).

SOURCE AlphaPro Management Inc.

For further information: For further information: Howard Atkinson, CEO, AlphaPro Management Inc., (416) 777-5167; or Don Sangster, Investor Relations, Jovian Capital Corporation, (416) 933-5744

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