Published: December 15, 2005
TICC Elects to Convert Investment in Genutec Business Solutions, Inc. Into Secured Notes
Technology Investment Capital Corp. (NASDAQ: TICC) announced today that it has elected to convert its preferred stock
investment in its portfolio company, Genutec Business Solutions, Inc., into
senior secured notes effective December 14, 2005. This conversion was
undertaken in accordance with the terms of TICC's original investment in
Genutec.
About Technology Investment Capital Corp.
We are a publicly traded business development company principally engaged
in providing capital to small to mid-size technology-related companies.
While the structures of our financings vary, we look to invest primarily in
the debt and equity of established technology-related businesses. Companies
interested in learning more about financing opportunities should contact
Barry Osherow at (203) 661-9572 or visit our website at www.ticc.com.
Forward-Looking Statements
This press release contains forward-looking statements subject to the
inherent uncertainties in predicting future results and conditions. Any
statements that are not statements of historical fact (including statements
containing the words "believes," "plans," "anticipates," "expects,"
"estimates" and similar expressions) should also be considered to be
forward-looking statements. Certain factors could cause actual results and
conditions to differ materially from those projected in these
forward-looking statements. These factors are identified from time to time
in our filings with the Securities and Exchange Commission. We undertake no
obligation to update such statements to reflect subsequent events.
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