Covington Capital Corporation Winner of the 2010 CVCA "Deal of the Year"
Award

TORONTO, Sept. 22 /CNW/ - Covington Capital Corp. ("Covington") is pleased to announce that the Canadian Venture Capital Association ("CVCA") has selected Covington as the recipient of its 2010 "Deal of the Year" award, in the Venture Capital Category, for its investment in SXC Health Solutions Inc. ("SXC"/the "Company").

Covington has been an investor in SXC since 2001 and has seen the Company evolve from a small software provider to the Canadian health care industry to a solidly positioned, multi-national corporation that was recently named as one of Fortune's "100 Fastest Growing Companies". 

Covington is honoured to have been an investment and strategic partner to SXC.  "We are extremely proud to have been involved early on with SXC; providing capital to allow them to expand into the US market which has been the platform for the dramatic growth that this company has achieved," states Phil Reddon, Managing Director, Covington Capital Corp.  "Watching them evolve from a small software provider in Milton, Ontario, to one of the leaders in the pharmacy benefits management ("PBM") services arena has been rewarding," adds Reddon

One of the largest venture investors in Ontario, Covington is committed to supporting what we believe are some of this province's best and brightest companies.  "This country has a wealth of talented entrepreneurs that rely on venture capital to help them build the next generation of success stories and this award certainly underscores the valuable impact that venture funding can have on these businesses," states Reddon.

About Covington Group of Funds
Established in 1994, Covington Capital Corporation is one of Canada's largest providers of venture capital investment funds.  Managing over $200 million in assets, Covington provides Canadians with the ability to access venture capital investment opportunities via their suite of retail venture capital product offerings.

www.covingtoncap.com

For further information:

Fiona Robertson
EVP Sales and Marketing
Covington Group of Funds
416-365-9155
[email protected]