BetaPro Management Inc. Enters Exclusive Licence Agreement with NYMEX



    TORONTO, Jan. 14 /CNW/ - Jovian Capital Corporation ("Jovian") (JOV: TSX)
and its related company BetaPro Management Inc. ("BetaPro") are pleased to
announce an exclusive license agreement between BetaPro and the New York
Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc., with respect
to the newly proposed Horizons BetaPro Exchange-Traded Funds ("HBP ETFs")
carrying the NYMEX(R) and COMEX(R) brands. The agreement covers HBP ETFs
listed in Canada and is subject to certain terms and conditions. The initial
HBP ETFs that will be covered under this agreement are:

    
    -  Horizons BetaPro NYMEX(R) Natural Gas Bull Plus ETF
    -  Horizons BetaPro NYMEX(R) Natural Gas Bear Plus ETF
    -  Horizons BetaPro NYMEX(R) Crude Oil Bull Plus ETF
    -  Horizons BetaPro NYMEX(R) Crude Oil Bear Plus ETF
    -  Horizons BetaPro COMEX(R) Gold Bullion Bull Plus ETF
    -  Horizons BetaPro COMEX(R) Gold Bullion Bear Plus ETF
    

    "We are excited to partner with NYMEX, the world's largest physical
commodities exchange and the premier futures and options exchange in the
natural resources space," said Howard J. Atkinson, President of BetaPro. "Our
new HBP Bull+ and Bear+ ETFs offering two times the daily performance or two
times the inverse daily performance, respectively, of natural gas, crude oil
and gold bullion will be the first of their kind in the world."
    NYMEX Chairman Richard Schaeffer said, "NYMEX is pleased to work with a
market innovator like BetaPro on their latest suite of ETFs. The introduction
of these funds is another step in NYMEX's strategy to expand its energy and
metals risk management offerings to the Canadian marketplace."

    
    Current Horizons BetaPro ETFs Line Up:                          Symbol:

    Horizons BetaPro S&P/TSX 60(R) Bull Plus ETF                      HXU
    Horizons BetaPro S&P/TSX 60(R) Bear Plus ETF                      HXD
    Horizons BetaPro S&P/TSX Capped Financials(R) Bull Plus ETF       HFU
    Horizons BetaPro S&P/TSX Capped Financials(R) Bear Plus ETF       HFD
    Horizons BetaPro S&P/TSX Capped Energy(R) Bull Plus ETF           HEU
    Horizons BetaPro S&P/TSX Capped Energy(R) Bear Plus ETF           HED
    Horizons BetaPro S&P/TSX Global Gold(R) Bull Plus ETF             HGU
    Horizons BetaPro S&P/TSX Global Gold(R) Bear Plus ETF             HGD
    

    The information above is only a summary of certain aspects of these
investment funds. All Horizons BetaPro ETFs use leveraged investment
techniques that magnify gains and losses and result in greater volatility in
value. All Horizons BetaPro ETFs are subject to active investor risk.
Commissions, trailing commissions, management fees and expenses all may be
associated with mutual fund investments (including ETFs). Mutual funds
(including ETFs) are not guaranteed, their values change frequently and past
performance may not be repeated. Please read the prospectus before investing.
    For further information visit www.HBPETFs.com

    About BetaPro Management Inc.

    BetaPro is an innovative Toronto-based financial services company that
provides investment tools to investors which are designed to allow them to
profit when the market is rising or falling, or to reduce their risk by
hedging their existing market exposure. BetaPro currently manages over
$600 million amongst 8 ETFs and 15 mutual funds.

    About New York Mercantile Exchange (NYMEX)

    NYMEX Holdings, Inc. (NYSE:   NMX) is the parent company of the New York
Mercantile Exchange, Inc., the world's largest physical commodities futures
and options exchange, offering futures and options trading in energy and
metals contracts and clearing services for more than 320 off-exchange energy
contracts. Through a hybrid model of open outcry floor trading and electronic
trading on CME Globex(R) and NYMEX ClearPort(R), NYMEX offers crude oil,
petroleum products, natural gas, coal, electricity, gold, silver, copper,
aluminum, platinum group metals, emissions and soft commodities contracts for
trading and clearing virtually 24 hours each day. Further information about
NYMEX Holdings, Inc. and the New York Mercantile Exchange, Inc. is available
on the NYMEX website at http://www.nymex.com/.

    NYMEX Disclaimer

    NYMEX and COMEX are registered trademarks of New York Mercantile
Exchange, Inc. and Commodity Exchange, Inc and have been licensed by BetaPro
Management Inc. for use by Horizons BetaPro ETFs. Horizons BetaPro NYMEX ETFs
and Horizons BetaPro COMEX ETFs are not sponsored, endorsed, sold or promoted
by New York Mercantile Exchange, Inc. or Commodity Exchange, Inc., and New
York Mercantile Exchange, Inc. and Commodity Exchange, Inc. makes no
representation regarding the advisability of investing in the aforementioned
ETFs.

    About Jovian Capital Corporation

    Jovian is a publicly-traded company listed on the TSX (JOV). Jovian is a
management and holding company with interests in a variety of financial
service firms specializing in wealth(*) and asset(xx) management. The Jovian
group of companies operates as a national financial services organization with
approximately $14.4 billion of client assets ($5.4 billion in assets under
management and $9.0 billion in assets under administration).

    (*)Wealth management entities include MGI Securities Inc., MGI Securities
(USA) Inc. and Rice Financial Group Inc. (xx)Asset management entities include
BetaPro Management Inc., Horizons Funds Inc., JovFunds Management Inc.,
JovFunds Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc.
and T.E. Wealth. Financial corporate service entities include Felcom Data
Services Inc.

    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release.

    Additional information relating to Jovian is available at www.sedar.com
and www.joviancapital.com





For further information:

For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Howard Atkinson, President, BetaPro
Management Inc., (416) 777-5167; or Keil Decker, Vice President of Corporate
Communication and Investor Relations, NYMEX, (212) 299-2209

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