Jovian Subsidiary Acquires Certain Former Assets of Farm Mutual Financial

TORONTO, Aug. 15 /CNW/ - Jovian Capital Corporation ("Jovian") (JOV: TSX) is pleased to announce that its wholly-owned subsidiary Rice Financial Group Inc. ("Rice Financial") has received regulatory and court approval to acquire certain of the former assets of Farm Mutual Financial Services Inc., including the right to advise on approximately $300 million in client assets under administration. The transaction has added more than 30 advisors to Rice Financial's existing operations in Ontario.

"This transaction is another step in our ongoing expansion in Ontario," said Dave Velanoff, Rice Financial's President and C.E.O. "We are excited about the opportunity to serve our new clients," he added.

About Rice Financial Group Inc. (www.ricefinancial.com)

Rice Financial is a community-based organization committed to helping Canadian investors of all levels achieve financial security and peace of mind at every stage of their lives by providing convenient and flexible financial solutions that respond to each client's individual needs. A network of branch and associate offices stretches from the B.C. coast to the Ontario/Quebec border, serving more than 85,000 clients and advising assets in excess of $4.0 billion.

About Jovian Capital Corporation (www.joviancapital.com)

Jovian acquires, creates and grows financial services companies specializing in wealth and asset management. The Jovian group of companies (MGI Securities Inc., MGI Securities (USA) Inc., Rice Financial Group Inc., BetaPro Management Inc., Horizons Funds Inc., JovFunds Management Inc., JovFunds Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc., T.E. Wealth and Felcom Data Services Inc.) manages $16.0 billion of client assets ($6.5 billion in assets under management and $9.5 billion in assets under administration). Additional information is available at www.joviancapital.com and www.sedar.com

Contacts

Don Sangster
Investor Relations
Jovian Capital Corporation
(416) 933-5744

or Dave Velanoff
C.E.O.
Rice Financial Group Inc.
(519) 699-5262