SOURCE: Technology Investment Capital Corp.

April 10, 2007 16:09 ET

TICC Announces $11.5 Million Transaction With PrePak Systems, Inc.

GREENWICH, CT -- (MARKET WIRE) -- April 10, 2007 -- Technology Investment Capital Corp. (NASDAQ: TICC) announced today that it has completed an investment in $10.0 million of senior secured notes issued by PrePak Systems, Inc., a contract packaging organization that repackages bulk pharmaceuticals into bottles, blister packs and individually packaged doses for government mail outpatient pharmacies and hospitals, commercial hospitals, nursing homes, and direct pharmacy clients. In connection with its investment today, TICC also committed to invest in an additional $1.5 million in senior notes as PrePak Systems achieves certain milestones. TICC's investment supports the recapitalization of PrePak Systems by Enhanced Equity Fund, L.P.

About PrePak Systems, Inc.

PrePak Systems, Inc. provides turnkey contract solutions for primary pharmaceutical packaging, pharmaceutical repackaging and unit dose packaging through the use of leading-edge manufacturing equipment, tracking software and processes. Visit for more information.

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 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

About Enhanced Equity Fund, L.P.

Enhanced Equity Fund, L.P. is a private equity fund focused on investing in small capitalization growth companies in two areas: Healthcare and Information & Business Services. Visit for more information.

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