FTII NAV Increases to $13.98 per Share on March 31, 2007

We are pleased to report that our Net Asset Value per Share increased to $13.98 on March 31, 2007.

During 2007, we are looking forward to expanding our portfolio of promising, early-stage tech companies.

Our team is working hard to generate what we hope will be outstanding returns for our shareholders.

Please call or e-mail us anytime if you have questions, comments or suggestions.