News

Hercules Provides $3.0 Million Financing to GameLogic, a Provider of Innovative Online Gaming Solutions for Licensed Gaming Operators

WALTHAM, MA — (May 18, 2006) — GameLogic, founders of Virtual Play™ gaming platforms for lotteries and casinos, announced that it has received $3.0 million of debt financing from Hercules Technology Growth Capital, Inc. (NASDAQ: HTGC), a leading specialty finance company providing venture capital and private equity backed technology and life science companies with debt and equity growth capital.

"GameLogic provides comprehensive and regulatory-compliant online platforms that enable licensed gaming operators to provide their online customers with the casino and lottery experiences," said Roy Liu, managing director of Hercules. "The company's platforms and comprehensive support services are unique because they enable players to enjoy the gaming experience away from the casino in a regulatory-compliant manner using Internet technology."

GameLogic was founded in 2002 by Steven Kane, an established gaming and technology entrepreneur, who recognized the great potential in the gaming industry for web-based entertainment that is specifically designed to adhere to all U.S. federal and state regulations. The company specializes in providing licensed gaming operators with innovative gaming solutions, including games, technology, marketing and support services that enable them to create new game revenues, communicate with their players between visits and increase return visitation.

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.htgc.com. Companies interested in learning more about financing opportunities should contact info@htgc.com or call 650-289-3060.

About GameLogic
GameLogic develops, sells and supports innovative virtual-play gaming entertainment platforms to help legal casinos and government-sponsored lotteries create new revenues, increase return visits and improve player loyalty. The company's platforms, such as PlayAway™, are unique in enabling players to enjoy the gaming experience away from the casino in a regulatory-compliant manner. GameLogic, based in Waltham, MA, was founded three years ago by the creators of Gamesville, one of the early, successful pioneers of online entertainment and games and related marketing. The company's investors include Bain Capital, as well as General Catalyst, and Maveron, whose principals include Howard Schultz, the founder and current chairman of Starbucks. For more information, please visit www.gamelogic.com.

Contact:
Ed Orgon or Diane Kohlman
The Torrenzano Group
212.681.1700
404.234.1332

Bridget Murray
GameLogic
781.693.4309

Sally Borg
Hercules Technology Growth Capital, Inc.
650.289.3060

back