Exhibit 99.1

                       TECHNOLOGY INVESTMENT CAPITAL CORP.
                         8 Sound Shore Drive, Suite 255
                               Greenwich, CT 06830
                     Tel: (203) 983-5275 Fax: (203) 983-5290

       TICC ANNOUNCES $15 MILLION TRANSACTION WITH eXact ADVERTISING, LLC


Greenwich, CT - 11/29/2004 - Technology Investment Capital Corp. (NASDAQ: TICC)
announced today that it has completed a $15 million transaction with eXact
Advertising, LLC, an Internet advertising company. TICC's investment consists of
$5 million of senior secured notes with warrants and a commitment for an
additional $10 million of senior secured notes with warrants upon satisfaction
of certain conditions.

ABOUT eXact ADVERTISING, LLC
eXact focuses on the delivery of a suite of online solutions that provide
highly-targeted advertising to customers based on real-time behavior. The
company provides its customers with a suite of integrated performance-based
marketing solutions. eXact maximizes advertisers' Internet marketing budgets
through a robust set of results-driven products and services and accompanying
return on investment ("ROI") management tools. More information on eXact
Advertising can be found at www.exactadvertising.com.

ABOUT TECHNOLOGY INVESTMENT CAPITAL CORP.
We are a publicly-traded business development company principally engaged in
providing capital to small to mid-size technology-related companies. While the
structures of our financings vary, we look 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 our website at www.ticc.com.


FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements subject to the inherent
uncertainties in predicting future results and conditions. Any statements that
are not statements of historical fact (including statements containing the words
"believes," "plans," "anticipates," "expects," "estimates" and similar
expressions) should also be considered to be forward-looking statements. Certain
factors could cause actual results and conditions to differ materially from
those projected in these forward-looking statements. These factors are
identified from time to time in our filings with the Securities and Exchange
Commission. We undertake no obligation to update such statements to reflect
subsequent events.