Jov Prosperity Funds to re-organize management



    TORONTO, Aug. 21 /CNW/ - T.E. Investment Counsel Inc. ("TEIC"), the
manager and portfolio advisor of the Jov Prosperity Canadian Fixed Income
Fund, Jov Prosperity Canadian Equity Fund, Jov Prosperity U.S. Equity Fund and
Jov Prosperity International Equity Fund (the "Prosperity Funds"), and
JovFunds Management Inc. ("JovFunds"), the administrator of the Prosperity
Funds, announce that, in order to gain further cost efficiencies in the
management of these investment funds, effective November 1, 2008, JovFunds
will become the manager of the Prosperity Funds. TEIC will continue to act as
the Prosperity Funds' portfolio advisor.

    About T.E. Investment Counsel Inc. (www.tewealth.com)

    TEIC provides customized multi-manager, multi-style investment solutions
to both high net worth and institutional clients. TEIC currently manages in
excess of $2.3 billion for its clients.

    About JovFunds Management Inc. (www.jovfunds.com)

    JovFunds provides innovative investment solutions for Canadians through
the creation, distribution and management of high quality investment products.
JovFunds manages and distributes in excess of $2.5 billion in client assets
and is wholly owned by Jovian Capital Corporation.

    About Jovian Capital Corporation (www.joviancapital.com)

    Jovian Capital Corporation ("Jovian") acquires, creates and grows
financial services companies specializing in wealth and asset management. The
Jovian group of companies (MGI Securities Inc., MGI Securities (USA) Inc.,
Rice Financial Group Inc., BetaPro Management Inc., Horizons Funds Inc.,
JovFunds Management Inc., JovFunds Inc., JovInvestment Management Inc., Leon
Frazer & Associates Inc., T.E. Wealth and Felcom Data Services Inc.) manages
$16.0 billion of client assets ($6.5 billion in assets under management and
$9.5 billion in assets under administration). Additional information is
available at www.joviancapital.com and www.sedar.com





For further information:

For further information: Steven Hawkins, Managing Partner, JovFunds
Management Inc., (416) 601-2442

Organization Profile

JOVFUNDS MANAGEMENT INC.

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Jovian Capital Corporation

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