Atlanta, GA � [9/6/05]
� StayOnline announced today that it has received $15 million from Technology
Investment Capital Corp. (NASDAQ: TICC). StayOnline is an Internet
service provider offering high-end wireless high-speed Internet access
solutions for the hospitality and lodging industry.
StayOnline
plans to utilize the funding to aggressively expand its footprint of wirelessly
enabled hotels and resorts. StayOnline also plans to expand its offering
of converged network services and applications for its hospitality clients.
About StayOnline, Inc.
Based in Atlanta, Georgia, StayOnline is widely
considered one of the most experienced providers of wireless, full property
coverage Internet solutions today. As of the end of the Second Quarter
of 2005, StayOnline had installations in more than 600 hotel properties
in the US, covering more than 85,000 guest rooms. Please visit www.stayonline.net
for more information.
About Technology Investment Capital Corp.
TICC is a publicly traded business development
company principally engaged in providing capital to small to mid-size technology-related
companies. While financing structures vary, TICC looks 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 the TICC website at www.ticc.com. |