Hercules Technology Provides $15 Million of Acquisition Financing to JAB Wireless,...

Hercules Technology Provides $15 Million of Acquisition Financing to JAB Wireless, Inc., a Late-Stage Aggregator in the Fixed Wireless Space

PALO ALTO, Calif.--(Business Wire)--Hercules Technology Growth Capital, Inc. (NASDAQ:HTGC), the
premier specialty finance company providing venture debt and equity to
venture capital and private equity backed technology and life science
companies at all stages of development, today announced that it
provided $15 million in buyout financing to JAB Wireless, Inc., on
December 21, 2007. JAB Wireless serves as the parent company to a
variety of brands in the fixed wireless space that provide VoIP and
high-speed Internet services.

The late-stage company is one of the largest firms in the
extremely fragmented fixed wireless industry. JAB Wireless' businesses
provide high-speed, broadband Internet connections and VoIP services
that bypass the need for cable and telephone companies to provide
these services.

"As the fixed wireless space begins to rapidly consolidate, JAB
Wireless is leading this first wave of industry consolidation," said
Kevin Grossman, managing director at Hercules. "In addition, the
company is backed by a management team with a long resume of
experience in buy-and-build strategies in the telecom space. We have a
great deal of confidence in this team not only because of its
technological proficiency but, more importantly, due to its strong,
disciplined operational expertise."

Grossman added that financing JAB Wireless represents another
example of Hercules' late-stage growth capital offering.

"JAB Wireless continues to achieve great success through our
proven buy-and-build strategy in the fixed wireless industry," said
James Vaughn, CEO of JAB Wireless. "Hercules' debt financing will help
support this strategy of organic growth and acquisitions to help grow
our subscriber base."

About Hercules Technology Growth Capital, Inc.:

Hercules Technology Growth Capital, Inc. is a NASDAQ traded
specialty finance company providing debt and equity growth capital to
technology and life science companies at all stages of development.
Founded in December 2003, the company primarily finances privately
held companies backed by leading venture capital and private equity
firms. Hercules invests in a broad range of ventures active in
technology and life science industries and offers a full suite of
growth capital products up and down the capital structure. The company
is headquartered in Palo Alto, Calif. and has additional offices in
the Boston, Boulder, Los Angeles 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 www.HTGC.com.

Companies interested in learning more about financing
opportunities should contact info@HTGC.com, or call 650.289.3060.

About JAB Wireless, Inc.:

JAB Wireless, Inc. is a parent company to fixed wireless providers
delivering high speed broadband and VoIP services to residential and
business customers in the Western United States. JAB Wireless
commenced operations in May 2006 and is headquartered in Greenwood
Village, Colorado. For more information, please contact the company at
www.jabbroadband.com.

Forward-Looking Statements:

The statements contained in this release that are not purely
historical are forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject to
uncertainties and other factors that could cause actual results to
differ materially from those expressed in the forward-looking
statements including, without limitation, the risks, uncertainties and
other factors we identify from time to time in our filings with the
Securities and Exchange Commission. Although we believe that the
assumptions on which these forward-looking statements are reasonable,
any of those assumptions could prove to be inaccurate and, as a
result, the forward-looking statements based on those assumptions also
could be incorrect. You should not place undue reliance on these
forward-looking statements. 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.

Hercules Technology Growth Capital, Inc.
Main, 650.289.3060 HT-PR
info@htgc.com
or
Sally Borg, 650.289.3066
sborg@htgc.com

Copyright Business Wire 2008