Jovian Announces Proposed Tailwind Transaction

    TORONTO, Jan. 26 /CNW/ - Jovian Capital Corporation ("Jovian") (TSX: JOV)
and wholly-owned subsidiary JovFunds Management Inc. ("JovFunds") announce
that Tailwind Financial Inc. ("Tailwind") (NYSE Alternext US:TNF, TNF.U,
TNF.WS), a special purpose acquisition company in which Jovian has an indirect
interest, has signed an arrangement agreement with Allen-Vanguard Corporation.
The full text of the press release issued by Tailwind is available on their
website at, on the EDGAR website at, on the
SEDAR website at, or on Jovian's website at Jovian has not reviewed and does not accept
responsibility for the adequacy or accuracy of that release.
    JovFunds owns 44% of Parkwood Holdings Ltd., which has an indirect
interest in Tailwind.

    About JovFunds Management Inc. (

    JovFunds provides innovative investment solutions for Canadians through
the creation, distribution and management of high quality investment products.
JovFunds manages and distributes in excess of $2 billion in client assets and
is wholly owned by Jovian Capital Corporation.

    About Jovian Capital Corporation (

    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 Securities Inc., MGI Securities (USA) Inc., MGI
Financial Inc., T.E. Wealth and Felcom Data Services Inc.) manages $12.0
billion of client assets ($5.0 billion in assets under management and $7.0
billion in assets under administration). Additional information is available
at and

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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