Equus Total Return, Inc. Announces Equity Investment in Golf Club Maker Nickent
August 22 2007 - 5:47PM
PR Newswire (US)
HOUSTON, Aug. 22 /PRNewswire-FirstCall/ -- Equus Total Return, Inc.
(NYSE:EQS) ("Equus" or the "Fund") announces a $2 million equity
investment in Nickent Golf, Inc. ("Nickent"). Nickent will use the
proceeds for working capital, strategic marketing and global
expansion. "In the golf industry, you need key components to
facilitate the jump from a niche brand to a major player,"
commented Michael Lee, CEO and Co-founder of Nickent. "Superior
product, PGA TOUR validation, distribution growth and an aggressive
marketing plan are some of the main reasons we have been able to
distinguish ourselves from the rest of the pack. This year we
celebrated a 'Major' victory at the US Open, and we have won 18
times on the PGA Tours over the last 3 seasons. Our valued
relationship with Equus provides an opportunity to take Nickent to
an even higher level. We hope to make Nickent a household name for
golfers around the world." "We are pleased to announce this
investment in Nickent," commented Anthony Moore, Co-Chairman and
President of Equus and Chairman of Nickent. "This, combined with
our debt financing in June, positions the Fund to receive dual
benefits of current income and potential capital gains. We look
forward to working with Nickent and its experienced management
team." Nickent is a market leader in the rapidly expanding, hybrid
club segment of the golf industry and is an emerging leader in
game-enhancement technology. Nickent's development process is
driven by its dedication to advanced technologies and focus on
design innovation. Nickent is the official OEM sponsor of the Golf
Channel's Nationwide Tour coverage. Additional information on
Nickent Golf, Inc. may be obtained at the Nickent website at
http://www.nickentgolf.com/. Equus Total Return, Inc. is a business
development company that trades as a closed-end fund on the New
York Stock Exchange, under the symbol "EQS". Additional information
on Equus Total Return, Inc. may be obtained from the Equus website
at http://www.equuscap.com/. This press release may contain certain
forward-looking statements regarding future circumstances. These
forward-looking statements are based upon the Company's current
expectations and assumptions and are subject to various risks and
uncertainties that could cause actual results to differ materially
from those contemplated in such forward-looking statements
including, in particular, the risks and uncertainties described in
the Company's filings with the Securities and Exchange Commission.
Actual results, events, and performance may differ. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as to the date hereof. The Company
undertakes no obligation to release publicly any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The inclusion of any statement in this
release does not constitute an admission by the Company or any
other person that the events or circumstances described in such
statements are material. CONTACT: BRETT CHILES (713) 529-0900
DATASOURCE: Equus Total Return, Inc. CONTACT: BRETT CHILES of Equus
Total Return, Inc., +1-713-529-0900 Web site:
http://www.equuscap.com/ http://www.nickentgolf.com/
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