Advantage Capital Leads $3.6 Million Funding Round For Niagara Dispensing Technologies,...

Advantage Capital Leads $3.6 Million Funding Round For Niagara Dispensing
Technologies, Inc.

AMHERST, N.Y., Sept. 8, 2008 (GLOBE NEWSWIRE) -- Advantage Capital Partners, a
leading venture capital and small business finance firm, today announced
participation in a $3.6 million funding round for Niagara Dispensing
Technologies, Inc., a highly-automated carbonated beverage dispensing company
located in Western New York. Advantage Capital led the round, with other
participating investors including Rand Capital and The Erie County Industrial
Development Agency (ECIDA). The funding will be used to support the company's
continued growth.

"Closing on this funding is a major milestone for our company, as it will
catapult us into the next phase of development for our beer dispense system
technology," said Thomas Gagliano, CEO of Niagara Dispensing Technologies. "We
have an excellent product and now have the resources to grow our business and
continue to improve our capabilities."

Founded in 2006, Niagara Dispensing Technologies (NDT) designs and manufactures
high-speed draft beer dispense systems for high volume applications. The NDT
products represent a revolution in draft beer dispensing, providing a measured
pour in less than five seconds for a 16 ounce serving. The company's EXACTAP(tm)
and EXACTPOUR(tm) systems are designed for all applications, including those
that mount to existing bars, new installations at stadiums, and portable
dispense systems. NDT's systems eliminate waste, speed up lines, and allow for
perfect product presentation.

"Niagara Dispensing Technologies offers an innovative product backed by
technology that has been tested and proven," said Scott Murphy, Advantage
Capital managing director. "This investment will help NDT continue its growth
and will contribute to the greater Buffalo community with the addition of 25 new
jobs."

Advantage Capital's portion of the investment was raised in connection with New
York's Certified Capital Company (CAPCO) program, which encourages the flow of
investment capital to promising companies located in the state.

About Advantage Capital Partners

Advantage Capital Partners (www.advantagecap.com) is a venture capital and small
business finance firm focused on early stage companies and other investments
supporting state and local economic development. With offices in New York,
Louisiana, Missouri and other states, Advantage Capital has raised more than
$950 million in institutional private equity since 1992 and invested in
companies located in geographic areas underserved by traditional venture
capital.

About the Certified Capital Company program

Advantage Capital Partners is a leading participant in the Certified Capital
Company (CAPCO) program, a state economic development tool designed to
strengthen state economies by stimulating the flow of investment capital to
local small businesses, creating high-paying jobs and increasing state tax
revenues. Under a CAPCO program, insurance companies are encouraged to invest in
certified capital companies; the state allows the insurance companies to claim
tax credits for qualified investments in CAPCO funds. Taken over time, the tax
credits generate large pools of private venture capital to be invested in the
state. CAPCOs leverage the funds received from insurance companies to invest in
qualified small businesses.

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CONTACT: Advantage Capital Partners
Dana Minaudo
314-725-0800
dminaudo@advantagecap.com