Jovian Subsidiary Acquires Certain Former Assets of Farm Mutual Financial



    TORONTO, Aug. 15 /CNW/ - Jovian Capital Corporation ("Jovian") (JOV: TSX)
is pleased to announce that its wholly-owned subsidiary Rice Financial Group
Inc. ("Rice Financial") has received regulatory and court approval to acquire
certain of the former assets of Farm Mutual Financial Services Inc., including
the right to advise on approximately $300 million in client assets under
administration. The transaction has added more than 30 advisors to Rice
Financial's existing operations in Ontario.
    "This transaction is another step in our ongoing expansion in Ontario,"
said Dave Velanoff, Rice Financial's President and C.E.O. "We are excited
about the opportunity to serve our new clients," he added.

    About Rice Financial Group Inc. (www.ricefinancial.com)

    Rice Financial is a community-based organization committed to helping
Canadian investors of all levels achieve financial security and peace of mind
at every stage of their lives by providing convenient and flexible financial
solutions that respond to each client's individual needs. A network of branch
and associate offices stretches from the B.C. coast to the Ontario/Quebec
border, serving more than 85,000 clients and advising assets in excess of $4.0
billion.

    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 Dave Velanoff, C.E.O., Rice Financial
Group Inc., 1-800-392-1388 ext. 7252

Organization Profile

Jovian Capital Corporation

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RICE FINANCIAL GROUP INC.

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