Exhibit 99.1

    HERCULES TECHNOLOGY GROWTH CAPITAL PROVIDES $4M FINANCING TO SLING MEDIA

     PALO ALTO, Calif., Aug. 8 /PRNewswire-FirstCall/ -- Hercules Technology
Growth Capital, Inc. (Nasdaq: HTGC), a leading debt and equity growth capital
provider to technology related companies, today announced that it entered into
an agreement to provide $4 million of debt financing to Sling Media, Inc. on
June 10, 2005. Proceeds from the financing will be used for general corporate
purposes including the marketing and promotion of Sling Media's first product,
the Slingbox(TM).

     (Logo: http://www.newscom.com/cgi-bin/prnh/20050609/SFTH149LOGO )

     "The Slingbox uses a proprietary video streaming technology code named
"Lebowski" that makes the concept of "TV placeshifting" a reality and positions
Sling Media as a leader in the rapidly expanding streaming video market," said
Sam Bhaumik, managing director of Hercules Technology Growth Capital.

     "This debt financing provides additional resources for us to meet several
significant milestones in the second half of this year, including expansion of
our marketing and sales activities," stated Blake Krikorian, chief executive
officer of Sling Media, Inc.

     Hercules was also granted an option to invest in Sling Media's next equity
financing under the same terms, conditions and pricing offered to other
participating investors.

     About Hercules Technology Growth Capital, Inc.

     Founded in December 2003, Hercules Technology Growth Capital, Inc. is a
NASDAQ 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, Boulder 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 .


     About Sling Media, Inc.

     Sling Media, Inc. is a digital lifestyle products company creating a family
of consumer electronics products that are a natural extension of today's digital
way of life. The first member of the Sling Media family is the award-winning
Slingbox(TM), a device that allows consumers to access their living room
television experience at any time, from any location. For more information on
Sling Media or the Slingbox, visit www.slingmedia.com.

SOURCE  Hercules Technology Growth Capital, Inc.
    -0-                             08/08/2005
    /CONTACT:  Deborah Stapleton, +1-650-289-3078, for Hercules Technology
Growth Capital, Inc.; or Hercules Technology Growth Capital, Inc., Main,
+1-650-289-3060, or info@herculestech.com/
    /Photo:  http://www.newscom.com/cgi-bin/prnh/20050609/SFTH149LOGO
                AP Archive:  http://photoarchive.ap.org
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    /Web site:  http://www.herculestech.com /