Rand Partners With Innovate NY Fund for Securities Compliance Platform, CrowdBouncer, Inc. - Seite 2

Bruce H. Lipnick, CrowdAlliance's CEO stated, "We are pleased to partner with CrowdBouncer and see their technology platform as an efficient way for investors to manage their accredited investor status, while also assisting firms such as CrowdAlliance with their SEC compliance protocols. We selected CrowdBouncer as a servicing vendor for CrowdAlliance because their API technology is unique and critical in the compliance centric environment in which we operate."

Daniel P. Penberthy, Rand's Executive Vice President stated, "The entire way entrepreneurs raise capital and interact with investors has changed. CrowdBouncer's platform provides a service for organizations engaged in raising capital for emerging businesses; a safe medium for investors to manage their confidential data; and a better way for businesses to raise capital in a complex, highly regulated environment."

Safe Harbor Statement

Information contained in this release should be considered forward-looking, and may be subject to inherent uncertainties in predicting future results and conditions. Please see the Corporation's Form 10-Q, Item 1A, previously filed with the Securities and Exchange Commission for a detailed discussion of the risks and uncertainties associated with the Corporation's business.

ABOUT RAND CAPITAL

Rand Capital is a publicly held Business Development Company (BDC). Its wholly owned subsidiary is licensed by the Small Business Administration (SBA) as a Small Business Investment Company (SBIC). Rand provides capital and managerial expertise to small and medium sized private companies primarily located in the Northeast U.S. Rand is traded on the NASDAQ under the symbol "RAND" and is headquartered in Buffalo, NY. www.randcapital.com

ABOUT SCP Buffalo Incubator Innovate NY Fund LP

SCP Buffalo Incubator Innovate NY Fund LP is one of a handful of investment entities participating in the Innovate NY Fund. The Innovate NY Fund, launched by Governor Andrew M. Cuomo to spur innovation, job creation and entrepreneurship across New York State, is a $45 million joint venture seed stage equity fund supported by $35 million from the State and a $10 million investment from Goldman Sachs. Seven leading investment entities -- each with a regional and/or industry focus -- are participating and investing the funds across New York State. Innovate NY is expected to leverage up to $450 million in additional private investment for New York's small businesses and will invest in up over 100 new companies.

Investor Contact:
Daniel Penberthy
Executive Vice President
716-853-0802
Email Contact

2200 Rand Building
Buffalo, New York 14203