RazorGator Receives $10 Million Debt Extension from Hercules Technology

Investment Prepares Secondary-Ticket Leader for Aggressive Growth Period

LOS ANGELES RazorGator, an industry leader in Hard-To-Get® tickets for sold-out sports and entertainment events worldwide, announced that they have received an extension of $10 million in debt financing from Hercules Technology Growth Capital, Inc. (NASDAQ: HTGC – News), the leading 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.

The extension will be used for aggressive expansion to meet growing consumer demand for hard-to-get tickets. Part of this expansion will include enhancements that will better service professional sports teams, leagues and artists for marketing tickets to high-demand events.

“This debt extension we’ve received from Hercules Technology represents invaluable recognition that RazorGator has a business model that is allowing our company to grow in face of great challenges in the economy,” said Jeff Lapin, chief executive officer at RazorGator. “RazorGator plans to use this money for merger and acquisition opportunities, product development, and other aggressive growth opportunities.”

RazorGator offers broad global reach through distribution partners like Yahoo!, Fox Sports, Scout.com, MSN, and Tickets.com. Also, through its subsidiary PrimeSport, the global leader in hard-to-get event packages and corporate hospitality, it has official partnerships with professional sports teams and organizing committees. PrimeSport counts the NCAA®, Tournament of Roses® Committee, Baltimore Ravens, and Carolina Panthers among its partners.

RazorGator’s service offers a 100 percent guaranteed connection to the largest inventory of hard-to-get tickets to sold-out sports and entertainment events worldwide. These events include the Super Bowl, Final Four, Masters, U.S. Open, Ryder Cup, Kentucky Derby, NASCAR, Broadway’s hottest shows, The Olympics, IRB World Cup, FIFA World Cup, European Championships, FA Cup, Wimbledon, French Open, and top-billed London theatre.

“RazorGator is a leader in providing its clients with the ability to buy and sell tickets to sporting and entertainment events around the world,” said Roy Liu, Managing Director at Hercules. “As an existing Hercules portfolio company, this expansion of our relationship is testament to our continued commitment to invest in solid and stable companies such as RazorGator.”

To learn more about RazorGator, go to www.RazorGator.com .

About RazorGator

RazorGator is the leader in Hard-To-Get® tickets for sports and entertainment events worldwide. RazorGator Interactive Group, which operates RazorGator, PrimeSport, and TicketOS, is a privately-held company headquartered in Los Angeles, California, with offices in Atlanta, Dallas, Phoenix, and India. Official partnerships with professional sports organizations include the San Francisco 49ers, Buffalo Bills, Carolina Panthers, Oakland Raiders, St. Louis Rams, Baltimore Ravens, Seattle Seahawks, Minnesota Vikings, Pittsburgh Pirates, the NCAA® Men’s Division I Basketball Championship Tournament, NCAA Men’s Final Four®, NCAA Women’s Final Four®, NCAA College World Series®, NCAA Men’s Frozen Four®, Rose Bowl®, and UFC®. For more information, visit www.razorgator.com

Source: RazorGato