Hennessey Capital Announces Completion of Financing Deals

Huntington Woods, Mich.---August 3, 2007---Hennessey Capital, a Michigan-based specialty finance company providing working capital to small and mid-sized businesses, announces completion of the following financing agreements:

• $250,000 A/R line of credit  facility for a Midwest-based machining business to assist in the funding of  new sales opportunities.
  

• $1,500,000 A/R and Inventory line  of credit for a Midwest-based packaging business to refinance its existing  bank facility.
  

• $100,000 factoring facility for a  Midwest-based technology surveillance business to assist in funding new sales  opportunities.
  

• Also, the completion  of a one-year, interim lending arrangement totaling $3,000,000 for an emerging  Midwest company that produces specialty chemicals and performance  nanomaterials for environmentally focused products.  Hennessey Capital  participated with a regional bank on the credit facility and provided the  backroom credit and collateral management services until the bank was able to  service and finance the entire credit facility  themselves.
  

Hennessey Capital provides innovative working capital solutions for growing business-to-business companies that are either pre-bankable but post-revenue, in transition or otherwise do not meet the credit guidelines of traditional bank lending.  Products and services include purchase order financing, factoring, asset-based lending programs, mezzanine debt, receivables management and business coaching. Hennessey Capital is part of the Hennessey Group of companies including Hennessey Enterprises, Hennessey Ventures, Hennessey Capital Southeast, Hennessey Capital Leasing, and InStream Services.

Media Contact: Barbara M. Fornasiero 248.651.7536; cell 586.817.8414; Barbara.eafocus@sbcglobal.net