Exhibit 99.1

         IKANO COMMUNICATIONS SECURES $16.5 MILLION CREDIT FACILITY FROM
                    HERCULES TECHNOLOGY GROWTH CAPITAL, INC.

     SALT LAKE CITY, June 22 /PRNewswire-FirstCall/ -- IKANO Communications, the
nation's largest provider of private-label Internet services, announced that it
has secured a $16.5 million credit facility from Hercules Technology Growth
Capital Inc. (Nasdaq: HTGC).

     IKANO has entered into the agreement with Hercules to establish a senior
secured loan facility in the total amount of $16.5 million. On April 19, 2005,
the initial closing, IKANO immediately drew down $5.0 million of the line. IKANO
will utilize the net proceeds to fund acquisitions, including the recent
purchase of the subscriber base of Amerion, a Washington state-based Internet
Service Provider. IKANO will seek additional opportunities for the remaining
amounts under the line.

     We are thrilled to have Hercules Technology on board as a capital
provider," said Henry Smith, IKANO president and CEO. "This funding will enable
us to complete a number of key acquisitions including Internet Service Providers
and related companies."

     During the past year, IKANO has purchased the subscribers and some related
assets of approximately 15 Internet Service Providers.

     IKANO partners with Internet Service Providers to help reduce operating
costs, increase revenue and expand geographic reach/product offering. IKANO's
private-label platform supports turnkey dial-up, DSL, VoIP, wireless access
solutions, email/webmail, IM, hosting, billing, branded customer
service/technical support, and automated accounting.

     IKANO is an Inc. 500 company, with more than 500 business clients and 300
employees. Headquartered in Salt Lake City, IKANO has additional offices in
Logan, Ohio; Toronto, ON; and Pasco, Washington.

     About IKANO
     Stemming from the classical Greek word meaning, "to enable," IKANO is the
market-leading enabler of private-label Internet services. IKANO partners with
Internet Service Providers to help reduce operating costs, increase revenue and
expand geographic reach/product offering. IKANO is the parent company of SISNA,
one of the nation's original Internet Service Providers; Interhop/auracom,
offering ISP franchises and consumer Internet services throughout Canada; and
HOTSPOTZZ, one of the largest private providers of Wi-Fi hot spots. IKANO served
as the official network provider for the 2002 Winter Olympic Games. For more
information visit www.ikano.com.


     About Hercules Technology Growth Capital
     Founded in December, 2003, Hercules Technology Growth Capital, Inc is a
publicly traded specialized finance company providing debt and equity growth
capital to technology-related companies at all stages of development. The
Company primarily finances privately-held companies backed by leading venture
capital and private equity firms and also may finance certain publicly-traded
companies. Hercules focuses its investments in companies active in technology
industry sub-sectors, characterized by products or services that require
advanced technologies, including computer software and hardware, networking
systems, semiconductors, semiconductor capital equipment, information technology
infrastructure or services, Internet consumer and business services,
telecommunications, telecommunications equipment, media and life sciences. The
Company's investments are originated through its principal office located in
Silicon Valley, as well as additional offices in the Boston and Chicago areas.
Providing capital to privately-held companies backed by leading venture capital
and private equity firms involves a certain degree of credit risk and may result
in potential losses. For more information or companies interested in learning
more about financing opportunities should contact info@herculestech.com or call
at 650-289-3060 or visit http://www.herculestech.com .

SOURCE  Hercules Technology Growth Capital, Inc
        -0-                             06/22/2005
     /CONTACT:  Scott Harvey, Chief Legal Officer of Hercules Technology Growth
Capital, Inc, +1-650-289-3060/
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