TICC Announces $11 Million Transaction With Pulvermedia Inc.

GREENWICH, CT--(Marketwire - June 28, 2007) - Technology Investment Capital Corp. (NASDAQ: TICC) announced today that it has completed an $11 million investment in senior secured notes with warrants in Pulvermedia Inc., which operates and produces tradeshow and conference events, most notably VON® events.

About Pulvermedia, Inc.

Pulvermedia Inc., founded by Jeff Pulver, is an integrated media company that specializes in building communities and providing marketplace access through its blend of trade shows, publications, web channels, and progressive media. Its flagship events include the VON® events and Forward Financial Expo. For more information, please visit www.pulvermedia.com.

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 and equity 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.

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