GREENWICH, CT -- (MARKET WIRE) -- October 16, 2006 -- Technology Investment Capital Corp. (NASDAQ: TICC) announced today that it will report third quarter earnings on Thursday, November 2, 2006 at 10:00 AM ET. The toll free dial-in number will be 877-407-8031. There will be a recording available for 30 days. If you are interested in hearing the recording, please dial 877-660-6853. The account number is 286 and the access code is 217551.

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: Bruce Rubin 203-983-5280