VANCOUVER, April 2 /CNW/ - BC Medical Innovations Fund (EVCC) Inc.
("BCMIF") is pleased to announce that, further to the press release dated
October 17, 2006, Jovian Capital Corporation ("Jovian") (JVN: TSX-V), through
a wholly-owned subsidiary, has completed a transaction in which it indirectly
acquired the remaining issued and outstanding shares of JovFunds Management
Inc. (formerly Fairway Asset Management Corp.) ("JovFunds"). Medical
Innovations Management Inc. (the "Manager"), the manager of BCMIF, is an
indirect wholly owned subsidiary of JovFunds and, therefore, as a result of
this transaction, JovFunds and the Manager are now indirect wholly owned
subsidiaries of Jovian.
About Jovian Capital Corporation
Jovian is a publicly-traded company listed on the TSX Venture Exchange.
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
assets under management and $8.6 billion assets under administration).
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 manages and distributes
over 50 investment products and currently has over $1 billion in assets under
About BC Medical Innovations Fund
BCMIF is an employee venture capital corporation that focuses exclusively
on investing in eligible businesses in the burgeoning health sciences sector
in British Columbia.
(*) 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.
For further information:
For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation (416) 933-5744; or Steve Hawkins, Managing Partner,
JovFunds Management Inc. 1-866-601-2440; or Please visit www.joviancapital.com