Contact Information: Contact: Bruce Rubin (203) 983-5280
TICC Announces $11.5 Million Transaction With PrePak Systems, Inc.
| Source: Technology Investment Capital Corp.
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 www.prepaksys.com 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 www.ticc.com.
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 www.enhancedequity.com for more
information.
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