TORONTO, June 28 /CNW/ - Jovian Capital Corporation (TSX-V: JVN)
("Jovian") announces that the Corporation has split the roles of President and
C.E.O. Philip Armstrong will continue to serve as C.E.O., while Mark Arthur,
previously Executive Vice-President, will assume the title of President.
"From Jovian's early days, Mark has played an integral role in its growth
from a small, private company to a growing public company. With this growth
has come the need to create a more structured management process, in order to
deal with the complexities of running a holding company. That led to the
decision to split the titles of President and C.E.O. This new structure
reflects how closely he and I work together," said Philip Armstrong.
Jovian also announces that it has issued 585,617 stock options to a
Director and senior officer of a subsidiary of Jovian. These options are
exercisable at a price of $0.84 per share over five years, vesting over a
period of two years. The grant of these options was contingent upon the
purchase by the individual of a similar number of Jovian shares on the market.
About Jovian Capital Corporation
Jovian is a publicly-traded company listed on the TSX Venture Exchange
(JVN). 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 $14.0 billion of client assets ($5.0 billion
in assets under management and $9.0 billion in assets under administration).
(*)Wealth management entities include Convoy Capital Corporation,
JovFunds Inc., MGI Securities Inc., MGI Securities (USA) Inc. and Rice
Financial Group Inc. (xx)Asset management entities include Accumulus
Management Ltd., BetaPro Management Inc., Charterhouse PSI Management
Corporation, DOCP Management Corp., Horizons Funds Inc., JovInvestment
Management Inc., JovFunds Management Inc., Jovian Asset Management Inc.,
Leon Frazer & Associates Inc., Pescara Partners Inc., Taliesin Capital
Inc., T.E. Wealth. Financial corporate service entities include Felcom
Data Services Inc. and Services Felcom Data (Quebec) Inc./Felcom Data
Services (Quebec) Inc.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Philip Armstrong, Chief Executive
Officer, Jovian Capital Corporation, (416) 933-5752; Additional information
relating to Jovian is available at www.sedar.com and www.joviancapital.com