SOURCE: Technology Investment Capital Corp.

September 11, 2006 15:29 ET

TICC Announces $22 Million Transaction With AI Squared

GREENWICH, CT -- (MARKET WIRE) -- September 11, 2006 -- Technology Investment Capital Corp. (NASDAQ: TICC) announced today that it has completed a $22.0 million investment in senior secured notes and common stock of Algorithmic Implementations, Inc. (d/b/a AI Squared), a provider of assistive technology for low vision computer users. TICC and an individual investor each acquired 50% of the outstanding equity of the company as a result of the transaction.

About AI Squared

Algorithmic Implementations, Inc. (d/b/a AI Squared) has been providing assistive technology for more than 15 years to computer users with low vision. The Company's flagship product is ZoomText, a screen magnification and reading software application for the visually impaired. For additional information, please visit

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

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:
    Patrick Conroy