Horizons Global Contrarian Fund to Hold Special Meeting of Unitholders

TORONTO, May 9 /CNW/ - Horizons Funds Inc., the manager of the Horizons Global Contrarian Fund (the "Fund"), will hold a special meeting of the unitholders of the Fund on June 5, 2008. Unitholders of record on May 1, 2008, will be entitled to receive notice of and vote at the meeting and will be asked to consider a proposal to amend the investment objectives of the Fund. These amendments will broaden the investment objectives of the Fund and clearly permit the Fund to expand its mandate by investing in traditional commodities including, but not limited to, minerals, metals, energies, forest products and agricultural products, leading to the potential for greater diversification in the portfolio holdings of the Fund.

"The Fund's advisor has extensive knowledge and experience in the investment of commodities, and we feel that it is in the best interests of the unitholders for us to take advantage of this expertise," said Adam Felesky, Chief Executive Officer of Horizons Funds Inc. "This will expand the opportunities the Fund has and allow for further diversification of investment opportunities available to investors," he said.

Details of the proposal are outlined in a management information circular to be delivered to unitholders in connection with the meeting. The management information circular is available on www.sedar.com.

About Horizons Funds Inc.

Horizons Funds Inc. is a subsidiary of JovFunds Management Inc., a wholly-owned subsidiary of Jovian Capital Corporation.

About JovFunds Management Inc. (www.jovfunds.com)

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 $1.8 billion in client assets and is wholly owned by Jovian Capital Corporation.

About Jovian Capital Corporation (www.joviancapital.com)

Jovian is a publicly-traded company listed on the TSX (JOV). 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 $14.6 billion of client assets ($5.4 billion in assets under management and $9.2 billion in assets under administration).

*Wealth management entities include MGI Securities Inc., MGI Securities

(USA) Inc. and Rice Financial Group Inc. (xx)Asset management entities

include BetaPro Management Inc., Horizons Funds Inc., JovFunds Management

Inc., JovFunds Inc., JovInvestment Management Inc., Leon Frazer &

Associates Inc. and T.E. Wealth. Financial corporate service entities

include Felcom Data Services Inc.

The TSX has not reviewed and does not accept responsibility for the

adequacy or accuracy of this release.

Contacts

Adam Felesky
Chief Executive Officer
Horizons Funds Inc.
(416) 933-5739

Additional information about the meetings is available at www.jovfunds.com

Additional information relating to Jovian is available at www.sedar.com and www.joviancapital.com