VenGrowth Cash Management Fund material change

    TORONTO, Aug. 3 /CNW/ - The board of directors of VenGrowth Capital
Partners Inc., the manager and trustee of VenGrowth Cash Management Fund ("the
Fund"), have decided to cease distribution of units of the Fund effective
immediately and to seek an orderly wind down of operations, including
termination of the Fund's existence.
    An amendment to the Fund's simplified prospectus dated January 18, 2007
will be filed.

    Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus of a
fund before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.

For further information:

For further information: Media Inquiries: Angus Fisher, (416) 628-9255,

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