SOURCE: Rand Capital Corporation

September 12, 2005 08:00 ET

Rand Capital Announces Additional Investments in Topps Meat Company LLC and G-TEC Natural Gas Systems

BUFFALO, NY -- (MARKET WIRE) -- September 12, 2005 -- Rand Capital (NASDAQ: RAND) and its wholly owned subsidiary, Rand Capital SBIC, L.P., announced that it has recently funded a total of $436,000 of additional growth capital into Topps Meat Company LLC (Elizabeth, New Jersey) and G-TEC Natural Gas Systems (Buffalo, New York)

Rand's follow-on investment in Topps represented its participation in a larger investment round, through which Topps acquired J&B Foods Corporation (Coal Valley, Illinois) and its wholly owned subsidiary, J&B Meats Corp.

Anthony D'Urso, Chief Operating Officer of Topps Meat Company LLC, commented, "J&B Meats has been one of the most respected foodservice meat suppliers in the Mid-west for over thirty years. This acquisition perfectly complements Topps' nationally known brand name retail products and its own growing foodservice line. The combined Company can now provide a full range of meat products for both the retail and foodservice markets while servicing its customers from processing plants on the East Coast and in the Mid-west."

Topps makes 100% pure beef hamburgers and has a major share of the pre-formed frozen hamburger market in the Northeastern United States. Other products include sirloin steak burgers, steaks and chops, flat iron steaks, breaded and battered specialty items, beef and chicken kabobs, stew and fajita meat, turkey and chicken patties, and vegetable burgers. The Company's customers include many of the finest supermarkets in the country, major foodservice distributors, restaurants chains and mass merchandisers. Topps also has a strong and growing presence in the foodservice market. (www.toppsmeat.com)

Rand investments also included a follow-on investment to G-TEC Natural Gas Systems. G-TEC continues to develop new applications, and identifying domestic and international markets for its proprietary line of natural gas pressure boosters. G-TEC's devices allow its user to replace acetylene, propane, MAPP, propylene or other fuel gas with high-pressure natural gas, direct from standard utility gas lines, while reducing fuel gas costs up to 90%, eliminating the need for fuel gas cylinders, improving productivity and making workplaces safer. (www.gas-tec.com)

Information in this press release contains forward-looking statements and reflect the Corporation's current beliefs. Numerous factors could cause actual results to differ materially. See the Corporation's Securities and Exchange Commission filings for a discussion of risks and uncertainties associated with venture capital investing that could affect actual results. Rand Capital Corporation undertakes no obligation to revise these forward-looking statements for new events and uncertainties.

ABOUT RAND CAPITAL

Rand Capital is a publicly held Business Development Company (BDC) licensed by the Small Business Administration (SBA) as a Small Business Investment Company (SBIC). Rand is traded on the NASDAQ under the symbol "RAND." Rand is headquartered in Buffalo, NY. www.randcapital.com

Contact Information

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