SOURCE: TICC Capital Corp.

January 04, 2008 12:00 ET

TICC Announces $10.5 Million Transaction for Portfolio Company

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.

Contact Information

  • Contact:
    Bruce Rubin
    203-983-5280