Published: December 15, 2005

TICC Elects to Convert Investment in Genutec Business Solutions, Inc. Into Secured Notes

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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.

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