Equus Total Return, Inc. Announces Follow-On Equity Investment in Nickent Golf
February 29 2008 - 4:03PM
PR Newswire (US)
HOUSTON, Feb. 29 /PRNewswire-FirstCall/ -- Equus Total Return, Inc.
(NYSE:EQS) (the "Fund") announces a $1 million follow-on equity
investment in Nickent Golf, Inc. ("Nickent"). Nickent will use the
proceeds for working capital, strategic marketing and global
expansion. 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. Additional information on Nickent Golf, Inc. may
be obtained at the Nickent website at http://www.nickentgolf.com/.
"This follow-on investment in Nickent demonstrates our confidence
in the company's future," commented Anthony Moore, Chairman of
Nickent. "We are particularly encouraged by the broad and positive
media exposure from which Nickent has recently benefited and the
resultant interest in the company's products including the new 4DX
Evolver driver which utilizes Interchangeable Shaft Technology."
"Nickent recently finished as the most used driver on the
Nationwide Tour, an astonishing accomplishment given our size,"
commented Michael Lee, founder and CEO of Nickent. "This follow-on
investment by Equus demonstrates its commitment to Nickent and will
allow us to charge ahead and continue our growth across the globe."
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 Fund'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 Fund'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 Fund's
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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