Rand Partners With Innovate NY Fund for Securities Compliance Platform, CrowdBouncer, Inc.

BUFFALO, NY--(Marketwired - Feb 5, 2014) - Rand Capital Corporation (www.randcapital.com) (NASDAQ: RAND), a Buffalo, New York based Business Development Company (BDC) and Small Business Investment Company (SBIC), announced that it has partnered with SCP Buffalo Incubator Innovate NY Fund LP (Buffalo, NY) (www.z80labs.com) in a Series A financing of $437,500 for CrowdBouncer, Inc. (Buffalo, NY) (www.crowdbouncer.com).

CrowdBouncer was founded in 2012 by CEO Robert Carbone, and Keith Blakely, CEO of the InVentures Group, after studying the developing regulatory issues facing private equity fundraising as proposed by the Jumpstart Our Business Startups Act ("JOBS Act"). CrowdBouncer's software provides securities intermediaries with the ability to implement JOBS Act compliance controls and a multitude of services in support of private equity transactions conducted under new Rule 506(c) of Regulation D and the forthcoming Crowdfunding Exemption. The software also provides individual investors the opportunity to manage their accredited investor verification through a single platform that is connected to many broker-dealers and investment sites through CrowdBouncer's application programming interface (API).

Bob Carbone stated, "There is a tectonic shift in how capital is being raised, the impact of the JOBS Act, changes in Regulation D solicitations, and looming crowdfunding regulations will enable entrepreneurs' greater access to capital, while imposing increased compliance responsibilities and reporting to accredited, non-accredited and all other lawyers, and intermediaries involved in the capital fundraising process. CrowdBouncer simplifies this web of regulations."

Mark Zogaria, CFO of Z80 SCP Buffalo stated, "Entrepreneurs are visionaries, and can identify fundamental shifts in the way business is transacted ahead of the market. We believed in the opportunity and the entrepreneurs, and invested into the business which enabled CrowdBouncer to hire a management team, and develop its initial technology platform."

In addition to this first tranche of funding by Rand and SCP/Z80, CrowdBouncer will immediately begin a continuation of this Series A financing for interested angel and institutional investors with the funds used for sales, marketing, and continued technology development. This financing effort will be listed on Asset Alliance Corporation's accredited investor platform, CrowdAlliance, (www.crowdalliance.co)