Jovian Subsidiary Not Proceeding with Tribal Councils Investment Group



    TORONTO, May 11 /CNW/ - Jovian Capital Corporation ("Jovian") (TSX: JOV)
announces that, further to its previous announcement, its wholly-owned
subsidiary MGI Financial Inc. (formerly Rice Financial Group Inc.) will not be
proceeding with a transaction involving Tribal Councils Investment Group.

    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
(AlphaPro Management Inc., BetaPro Management Inc., Horizons Funds Inc.,
JovFunds Inc., JovFunds Management Inc., JovInvestment Management Inc., Leon
Frazer & Associates Inc., MGI Financial Inc., MGI Securities Inc., MGI
Securities (USA) Inc., T.E. Wealth and Felcom Data Services Inc.) manages
approximately $12.0 billion of client assets ($6.5 billion in assets under
management and $5.5 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

Organization Profile

Jovian Capital Corporation

More on this organization

MGI FINANCIAL INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890