TORONTO, Feb. 26 /CNW/ - Jovian Capital Corporation ("Jovian") (JOV: TSX)
announces that it has entered into a binding letter of intent to acquire an
additional approximately 5% interest in BetaPro Management Inc. ("BetaPro")
for $1,723,854 in cash. The transaction is subject to standard closing
conditions and is expected to be completed by the end of March. This will
increase Jovian's interest in BetaPro to approximately 44%.
BetaPro is an innovative financial services company that provides
investment products to investors mainly in the form of Exchange-Traded Funds.
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
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 $14.6 billion of client assets ($5.4 billion in assets under
management and $9.2 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
For further information:
For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Mark Arthur, President, Jovian Capital
Corporation, (416) 933-5754