Equus Total Return, Inc. Announces Follow-On Equity Investment in Nickent Golf

HOUSTON, Feb. 29 /PRNewswire-FirstCall/ -- Equus Total Return, Inc.(NYSE: EQS) (the "Fund") announces a $1 million follow-on equity investmentin Nickent Golf, Inc. ("Nickent"). Nickent will use the proceeds forworking capital, strategic marketing and global expansion. Nickent is a market leader in the rapidly expanding, hybrid clubsegment of the golf industry and is an emerging leader in game-enhancementtechnology. Nickent's development process is driven by its dedication toadvanced technologies and focus on design innovation. Additionalinformation on Nickent Golf, Inc. may be obtained at the Nickent website athttp://www.nickentgolf.com. "This follow-on investment in Nickent demonstrates our confidence inthe company's future," commented Anthony Moore, Chairman of Nickent. "Weare particularly encouraged by the broad and positive media exposure fromwhich Nickent has recently benefited and the resultant interest in thecompany's products including the new 4DX Evolver driver which utilizesInterchangeable Shaft Technology." "Nickent recently finished as the most used driver on the NationwideTour, an astonishing accomplishment given our size," commented Michael Lee,founder and CEO of Nickent. "This follow-on investment by Equusdemonstrates its commitment to Nickent and will allow us to charge aheadand continue our growth across the globe." Equus Total Return, Inc. is a business development company that tradesas a closed-end fund on the New York Stock Exchange, under the symbol"EQS". Additional information on Equus Total Return, Inc. may be obtainedfrom the Equus website at http://www.equuscap.com. This press release may contain certain forward-looking statementsregarding future circumstances. These forward-looking statements are basedupon the Fund's current expectations and assumptions and are subject tovarious risks and uncertainties that could cause actual results to differmaterially from those contemplated in such forward-looking statementsincluding, in particular, the risks and uncertainties described in theFund's filings with the Securities and Exchange Commission. Actual results,events, and performance may differ. Readers are cautioned not to placeundue reliance on these forward-looking statements, which speak only as tothe date hereof. The Fund's undertakes no obligation to release publiclyany revisions to these forward-looking statements that may be made toreflect events or circumstances after the date hereof or to reflect theoccurrence of unanticipated events. The inclusion of any statement in thisrelease does not constitute an admission by the Company or any other personthat the events or circumstances described in such statements are material. CONTACT: BRETT CHILES (713) 529-0900

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER