About Jory Capital Inc.

Who is Jory Capital Inc.?

Jory Capital was founded in March, 1999 by its Chairman, CEO & President, Patrick Cooney. The name of the firm was derived from the first two letters of the names of Patrick's two sons, Jordan and Ryan. It was Patrick's vision to develop a Manitoba-based, research-driven, full service brokerage firm-a firm that would have a distinct western flavor with a global outlook and investment stance.

Today, Jory Capital proudly serves governments, institutions, businesses, and individuals across western Canada. Acting as an economic advisor, a funding facilitator, or a financial manager, Jory Capital, with its own in-house research, is uniquely positioned to respond to and lead in all types of markets.

We and our clients are also fortunate in that both John Crow, former Governor of the Bank of Canada, the Hon. John Manley, former Federal Minister of Finance and Deputy Prime Minister of Canada, and Robert Gates, former Director of the C.I.A. and current Secretary of Defense for the United States of America have acted as advisors to our firm. These fine gentlemen bring and have brought a wealth of knowledge and experience to Jory Capital and its clients. At Jory Capital, we are always client-driven!

What services do we, at Jory Capital, provide for the individual investor?

Jory Capital is a full service brokerage firm, with a full range of services. Over and above managing and advising individual investment accounts, RRSPs, and LIRAs on behalf of hundreds of Manitobans, we also provide many other additional services.

What services do we, at Jory Capital, provide for the business owner?

We manage and advise business owners in their individual investment accounts, business accounts, employee group RRSPs, or share purchase programs. We can also assist business owners by reducing the taxes that they pay: by using an Individual Pension Plan, we can help business owners transfer wealth from their business to themselves without paying taxes on the way. Our program uses a team of professionals who provide a very cost-effective IPP. The advantage of our program is that the business owner, with Jory Capital as the Investment Advisor, maintains the direction of the investments in the IPP.

How does one open an account at Jory Capital?

Opening an account is simple. A Jory Capital professional can ease you through the required documentation in a matter of minutes, giving you the peace of mind that comes with having Jory Capital at your side.

All client assets are held in accounts with our carrying broker and custodian, NBCN Inc. NBCN is a wholly-owned subsidiary of National Bank Financial (one of Canada's largest investment dealers) and is a part of the National Bank of Canada group of companies.

What is Jory Capital saying now?

Unprecedented global liquidity and record leverage through the use of derivatives have powered many world indices to all time highs. Almost a quarter of a trillion dollars of public equity has been taken out of the world markets so far in 2007. Many of these transactions were leveraged buyouts or private equity funds using the yen carry trade to complete these events. Indeed it is difficult to find any market in the world, any housing market that is not exhibiting the hyperactivity of a financial bubble. But history teaches us that bubbles come to an end and usually in tears. Political tensions still ring the globe even as the U.S. sub-prime mortgage markets and real estate implode. We, at Jory Capital, believe there was never a more important time to play defense, to protect your money, to protect your family.

The Conclusions of our Forecast are:

1. To protect yourself against rising interest rates, we strongly suggest that you either liquidate or shorten the maturity of long-term bonds.
2. We continue to urge investors to purge themselves of U.S. dollar assets; the continued strength of the Canadian dollar coupled with continued U.S. budgetary concerns will make holding those assets a difficult proposition.
3. We believe energy prices will continue to rise. You can participate and benefit from these price increases in a couple of ways: you can purchase tax-assisted flow-through shares in oil and gas properties, or you can purchase high quality resource and royalty trusts for both a high stable income and strong capital growth.
4. We continue to recommend the purchase of select gold stocks-we believe gold will seriously outperform the market in 2007.
5. We cannot urge the individual investor too strongly to take full advantage of the current RRSP rules by contributing the maximum amount allowable. We believe that the current shift in government policy will continue and that investors will be allowed more and more control over their retirement funds. We especially urge owners of defined pension plans to make sensible provisions for their retirement.
6. Water is one of the very basic essentials of life. We believe that very shortly water and water rights will become far more important than oil in its impact on local and global politics. To this end we have identified a world-class, global water fund that is hedged back to the Canadian dollar. We believe this fund should be an important cornerstone in everyone's portfolio.

For a full report on our forecast for 2007, please call a Jory Capital professional today.

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