Exhibit 99.1
SPORTVISION SECURES $4 MILLION CREDIT FACILITY FROM HERCULES TECHNOLOGY
GROWTH CAPITAL, INC.
FUNDING WILL SUPPORT SPORTVISION'S CONTINUED GROWTH AND
MARKET LEADERSHIP IN SPORTS BROADCAST ENHANCEMENTS
CHICAGO, June 15 /PRNewswire/ -- Sportvision, Inc., the leading innovator of
sports and entertainment products for fans, media and marketing partners, today
announced that it has received $4 million in funding to accelerate new product
development and ongoing growth plans.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050609/SFTH149LOGO )
The credit facility will be provided by Hercules Technology Growth
Capital, Inc., a leading specialized finance company focused on providing
growth capital to technology and life science companies at all stages of
development.
"Sportvision's product innovations, unique technology and strong management
have established the Company as the leader in production enhancements for
televised sports," said Roy Liu, Managing Director, Hercules Technology Growth
Capital, Inc. "Our funding will help to accelerate Sportvision's continued
development of innovative and exciting sports broadcast technologies."
A winner of seven Emmy Awards for technical achievement, Sportvision
invented football's virtual 1st & Ten(TM) line, which makes use of the company's
patented video overlay technology to create the illusion that a yellow line is
painted on the field, and that players are crossing it, or standing on it.
About Hercules Technology Growth Capital, Inc.
Founded in December, 2003, Hercules Technology Growth Capital, Inc. (Nasdaq:
HTGC) is a publicly traded specialized 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
industry sub-sectors, characterized by products or services that require
advanced technologies, including computer software and hardware, networking
systems, semiconductors, semiconductor capital equipment, information technology
infrastructure or services, Internet consumer and business services,
telecommunications, telecommunications equipment, media 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 and Chicago areas.
Providing capital to privately-held companies backed by leading venture capital
and private equity firms involves a certain degree of credit risk and may result
in potential losses. For more information or companies interested in learning
more about financing opportunities should contact info@herculestech.com or call
at 650-289-3060 or visit http://www.herculestech.com .
About Sportvision
Sportvision, Inc. is the nation's premier innovator of sports and
entertainment products for fans, media and marketers. A privately held
corporation, Sportvision solutions have enhanced experiences for fans and
marketing partners of the NFL, NBA, NASCAR, NHL, PGA TOUR, LPGA Tour, Major
League Baseball, NCAA football and basketball, WTA, Major League Soccer and
other sporting events on-air and online. The company has captured seven Emmy
Awards for its products, including three for their signature broadcast
enhancements, the virtual yellow 1st and Ten(TM) line and K Zone, and three for
its pioneering advanced media work with NASCAR. Sportvision can be found on the
web at www.sportvision.com.
SOURCE Hercules Technology Growth Capital, Inc.
-0- 06/15/2005
/CONTACT: Hercules Technology Growth Capital, Inc., +1-650-289-3060, or
info@herculestech.com/
/Photo: http://www.newscom.com/cgi-bin/prnh/20050609/SFTH149LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com /
/Web site: http://www.sportvision.com /
/Web site: http://www.herculestech.com /