Jovian Announces Escrow Closing of Additional 15% of BetaPro



    TORONTO, Aug. 12 /CNW/ - Jovian Capital Corporation ("Jovian") (TSX: JOV)
announces that its previously announced transaction to acquire an
approximately 15% further interest in BetaPro Management Inc. ("BetaPro") has
closed in escrow. Final closing is expected in early to mid-September, upon
which Jovian's interest in BetaPro will be approximately 60%.
    BetaPro is an innovative financial services company that provides
investment products to investors in the form of Exchange-Traded Funds
("ETFs"). These products are designed to allow investors to profit when the
market is rising or falling, or to reduce their risk by hedging their existing
market exposure.

    About BetaPro Management Inc. (www.HBPETFs.com)

    Horizons BetaPro Exchange Traded Funds are managed by BetaPro Management
Inc., Canada's sole provider of investment tools allowing investors to profit
when the market is rising or falling, or to reduce their risk by hedging their
existing market exposure. BetaPro Management currently manages the largest
number of Canadian ETFs, with approximately $1.8 billion amongst 28 ETFs.

    About Jovian Capital Corporation (www.joviancapital.com)

    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: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Philip Armstrong, C.E.O., Jovian
Capital Corporation, (416) 933-5752

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Jovian Capital Corporation

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