Press Release
Source: Technology Investment Capital Corp.

TICC Announces $20 Million Transaction With GenuTec Business Solutions, Inc.

Tuesday September 20, 2:05 pm ET

GREENWICH, CT–(MARKET WIRE)–Sep 20, 2005 — Technology Investment Capital Corp. (NasdaqNM:TICC) announced today that it has completed a $20 million investment in preferred stock with warrants issued by GenuTec Business Solutions, Inc., a provider of interactive voice messaging services to businesses for marketing and notification purposes. The preferred stock TICC received in connection with its investment in GenuTec may be exchanged, at TICC’s option, for senior secured notes issued by GenuTec.

About GenuTec Business Solutions, Inc.

GenuTec was founded to provide communications solutions to enhance sales, marketing and customer care for businesses. Since its inception, GenuTec has focused on delivering customized communications tools to businesses. These tools are designed to complement existing technologies, without requiring additional expenditure by customers for specialized hardware or software. To learn more about GenuTec, please visit its Web site at www.genutec.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 Web site 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:

Matthew Bass
203-983-5360

eBay, Inc., the company that purchased Rent.com earlier this year, announced that it is acquiring Skype, the leading international VoIP service provider.

Prior to Yahoo’s acquisition of Dialpad earlier this year, there was significant speculation that it would acquire Skype. The acquisition by eBay would explain why Yahoo did not end up owning the VoIP company.

More importantly, this also probably explains the high premium paid for Skype. It’s easay to say no to an unreasonbly high offer from Yahoo (which I assume occured) for an even more unreasonably high offer from eBay.

That is not to say that I don’t think the deal makes sense (and I should state for the record that I am long EBAY shares). This combination really signals an extremely significant turning point for the web, in general. Once Skype has been integrated with the eBay platform, which Meg Whitman has already signaled, the combination will fundamentally and permanently change the way businesses (and consumers, too) transact online.

Without question, voice-oriented negotiations and transactions will prevail as a killer application. That is, at least, until Skype-video conferencing further enhances the process.

It will be difficult to track exactly how accretivee thie tranaction will be to eBay, if at all. Largely, because eBay is relying upon the enabling technology to lubricate its main business. So, while direct revenue attributable to dialing will be tracked, the “lubrication” will be more difficult to see.

About the Author

Michael Taus is the Managing Director of Magnolia Ventures a startup and venture finance business consultancy. He has been involved in the growth and development of network-related technology companies since 1996, including Rent.com (acquired by eBay) and Genutec, the nations largest provider enhanced communications service. He currently sits on the board of directors of Genutec and is an advisor to a number of early-stage companies.

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