Rand Capital Announces 4% Increase in Net Assets; 50% Portfolio Cash Position; $2.7 Million Gain on Sale of GridApp Systems, Inc.; Stock Buy Back Approval and Investments
February 15, 2011 16:00 ET
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Rand Capital Corporation
Net Asset Value increases 4% to $3.38 per share
Rand has $11.7 million cash on hand
Invested $750,000 into two new portfolio companies
Somerset Gas Transmission Company, LLC signs...
-- Rand Capital Announces Sale of Software Company, GridApp Systems, Inc. and Clothing Designer, ADAM
December 14, 2010 14:49 ET
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Rand Capital Corporation
BUFFALO, N.Y., Dec. 14, 2010 (GLOBE NEWSWIRE) -- Rand Capital (Nasdaq:RAND) announced that two of its portfolio companies have been acquired by strategic partners. BMC Software (Nasdaq:BMC) recently...
Rand Capital Invests Into Chequed.com and Liazon Corporation Which Provide Human Resource Tools for Small Businesses
December 07, 2010 15:04 ET
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Rand Capital Corporation
BUFFALO, N.Y., Dec. 7, 2010 (GLOBE NEWSWIRE) -- Rand Capital (Nasdaq:RAND) announced that it has completed the financings of two new portfolio businesses during the month of November. The two...
Rand Capital Reports $10 Million Cash Available for Investment ($1.48 per share) and $3.25 Net Asset Value
November 05, 2010 08:00 ET
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Rand Capital Corporation
One portfolio exit – Innov-X Systems, Inc. generated $7 million return over life of investment
Rand has $10 million cash on hand (represents 46% of Net Asset Value)
Net Asset Value...
Rand Capital Announces Second Quarter Results
July 22, 2010 14:49 ET
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Rand Capital Corporation
Net Asset Value is $3.28 per share for the quarter ending June 30, 2010
One new investment and one follow-on investment totaling $1,300,000
Following end of the quarter, one...
Rand Capital Announces Sale of Its Innov-X Systems, Inc. Securities Resulting From Olympus Corporation Acquisition
July 19, 2010 16:23 ET
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Rand Capital Corporation
Investment provided 4.75X return since initial 2004 investment
Total return exceeds 80%
Estimated proceeds from sale may exceed $5.6 million
Rand previously recognized gain of $2.3...
Rand Capital SBIC, Inc., Advantage Capital Partners, Environmental Liability Transfer and Frank Cordie Combine to Create Missouri-Based Mid America Brick
June 07, 2010 16:14 ET
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Rand Capital Corporation
BUFFALO, N.Y., June 7, 2010 (GLOBE NEWSWIRE) -- Mid America Brick President and CEO Frank Cordie announced the completion of financing that will be used to re-open the former A.P. Green brick plant in...
Rand Capital Announces First Quarter Results and Election of Directors and Officers
May 12, 2010 10:47 ET
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Rand Capital Corporation
Net Asset Value is $3.30 per share for the quarter ending March 31, 2010
Four follow-on investments totaling $1,055,000
BUFFALO, N.Y., May 12, 2010 (GLOBE NEWSWIRE) -- Rand...
Rand Capital Announces Fourth Quarter Results
February 08, 2010 14:41 ET
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Rand Capital Corporation
Net Asset Value is $3.40 per share for the quarter ending December 31, 2009
One new investment and five follow-on investments totaling $1.5 million
Two portfolio exits – Kionix,...
Rand Capital Announces $250,000 Investment in Rheonix, Inc.
November 06, 2009 08:00 ET
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Rand Capital Corporation
BUFFALO, N.Y., Nov. 6, 2009 (GLOBE NEWSWIRE) -- Rand Capital Corporation (Nasdaq:RAND) ("Rand"), a business development company (BDC) that provides capital and managerial expertise for small to...