[July 06, 2006] Hercules Realizes a $1.2 Million Net Gain on Sale of Common Stock Warrants Tweet PALO ALTO, Calif., July 6 /PRNewswire-FirstCall/ -- Hercules Technology Growth Capital, Inc. , a leading debt and equity growth capital provider to technology and life science companies, announced today that it has completed the sale of common stock acquired upon exercise of a warrant for shares of Occam Networks Inc. (BULLETIN BOARD: OCNW) , a supplier of innovative Ethernet and IP-based loop carrier equipment to telecommunications service providers worldwide. The sale of the common stock was completed on June 28, 2006 and, accordingly, Hercules expects to realize a gain of approximately $1.2 million, representing a net IRR in excess of 45% on the total investment, in the second quarter of 2006 as a result of the sale. (Logo: http://www.newscom.com/cgi-bin/prnh/20050609/SFTH149LOGO) About Hercules Technology Growth Capital, Inc.: Founded in December 2003, Hercules Technology Growth Capital, Inc. is a NASDAQ traded specialty finance company providing debt and equity growth capital to technology-related companies at all stages of development. The company primarily finances privately-held companies backed by leading venture capital and private equity firms and also may finance certain publicly-traded companies. Hercules focuses its investments in companies active in technology and technology-related industries such as computer software and hardware, networking systems, semiconductors, semiconductor capital equipment, information technology infrastructure, Internet consumer and business services, telecommunications, and life sciences. The company's investments are originated through its principal office located in Silicon Valley, as well as additional offices in the Boston, Boulder and Chicago areas. Providing capital to publicly traded or privately held companies backed by leading venture capital and private equity firms involves a high degree of credit risk and may result in potential losses of capital. For more information, please visit http://www.herculestech.com/. Companies interested in learning more about financing opportunities should contact [email protected] or call 650-289-3060. Forward-Looking Statements: The statements contained in this release that are not purely historical are forward-looking statements, which involve risk and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These statements may be identified by their use of forward-looking terminology such as "believes," "expects," "may," "should," "would," "will," "intends," "plans," "estimates," "anticipates" and similar words, and include, but are not limited to, statements regarding the expectations, intentions or strategies of Hercules Technology Growth Capital, Inc. 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. The forward-looking statements contained in this release are made as of the date hereof, and Hercules assumes no obligation to update the forward-looking statements for subsequent events. Photo: http://www.newscom.com/cgi-bin/prnh/20050609/SFTH149LOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, [email protected] Hercules Technology Growth Capital, Inc. CONTACT: Hercules Technology Growth Capital, Inc., +1-650-289-3060, [email protected], or David M. Lund of Hercules Technology Growth Capital,Inc., +1-650-289-3077, or [email protected] Web site: http://www.herculestech.com/ [ Back To TMCnet.com's Homepage ]