Contact Information: Contact: Bruce Rubin 203-983-5280
TICC Announces $10.5 Million Transaction for Portfolio Company
| Source: TICC Capital Corp.
GREENWICH, CT--(Marketwire - January 4, 2008) - TICC Capital Corp. (NASDAQ : TICC )
announced today that it completed a $10.5 million investment in senior
secured notes issued by its current portfolio company, NetQuote Inc,
("NetQuote") on January 3, 2008. NetQuote is principally owned by Spectrum
Equity Investors and Stripes Group.
About NetQuote Inc
Based in Denver, Colorado, NetQuote operates a web-based business through
which local insurance agents and national insurance companies acquire leads
of consumers seeking to purchase competitively-priced insurance policies.
NetQuote's website and services enable consumers, at no cost, to receive
multiple insurance quotes from the Company's network of independent local
insurance agents and local representatives from its national insurance
partners. Please visit www.netquote.com for more information.
About TICC 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.