TORONTO, April 2 /CNW/ - Jovian Capital Corporation ("Jovian") (JVN:
TSX-V) is pleased to announce that, further to the announcement of November 1,
2006, Jovian subsidiary Jovian Asset Management Inc. has completed the
acquisition of the remaining shares of JovFunds Management Inc. (formerly
Fairway Asset Management Corp.).
In addition, Jovian announces that JovFunds Management Inc. ("JovFunds")
has acquired the remaining 51% of the issued and outstanding common shares of
Impax Funds Management Inc. ("Impax"), together with all outstanding
shareholder loans. Following completion of these transactions, both JovFunds
and Impax are indirect wholly owned subsidiaries of Jovian.
JovFunds provides investment solutions for Canadian investors through the
creation, management and distribution of high quality investment products. As
a member of the Jovian group of companies, JovFunds oversees the management
and distribution of a diverse range of investment products and currently has
over $1 billion in client assets.
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 $13.5 billion of client assets ($4.9 billion
in assets under management and $8.6 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., Jove Investment 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.
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 Philip Armstrong, President & Chief
Executive Officer, Jovian Capital Corporation, (416) 933-5752